Synopsis
Grab Holdings has acquired Infermove, a Chinese AI robotics firm. This move aims to boost the former’s first and last-mile delivery services. Grab plans to develop Infermove’s solutions further in Singapore.
“As we are constantly looking for new ways to bridge online and offline in better and smarter ways, we see the opportunity to further develop Infermove’s solutions out of Singapore, to complement Grab‘s first- and last-mile delivery capabilities,” Grab said in a statement to Reuters on Tuesday.
The Nasdaq-listed company added that its teams will explore how Infermove’s autonomous robots can enhance customer and partner experiences. No financial details were disclosed.
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