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An Indian worker inspects parked Hyundai vehilces ready for shipment at a port in Chennai. Photo: Arun Sankar / AFP / Getty Images

Hyundai recently invested an undisclosed amount as part of Grab's most recent funding round of at least $2 billion, the Southeast Asian ride-hailing company revealed on Thursday. The companies also plan to work together on new services and integrating some of Hyundai's eco-friendly car models.

Automakers want in: Hyundai is the latest car maker to forge a close relationship with a ride-hailing firm. Two years ago, General Motors invested $500 million into Lyft, while Toyota has put money into rival Uber as well as Grab, for example.

Go deeper

56 mins ago - Axios on HBO

Preview: "Axios on HBO" interviews White House Senior Advisor Cedric Richmond

On the next episode of "Axios on HBO," Axios co-founder Mike Allen interviews White House Senior Advisor Cedric Richmond.

  • Catch the full interview and much more on Sunday, February 28 at 6 pm. ET/PT on all HBO platforms.
2 hours ago - World

Italy tightens COVID restrictions as experts warn of growing prevalence of variants

Health workers prepare vaccine doses in Iseo, Italy. Photo: Stefano Nicoli/NurPhoto via Getty Images

Italy on Saturday announced it was tightening restrictions in five of the country's 20 regions in an effort curb the spread of the coronavirus.

Driving the news: The announcement comes as health experts and scientists warn of the more transmissible coronavirus variants, per Reuters.

3 hours ago - Health

Health care in the New Washington

Illustration: Sarah Grillo/Axios

As America emerges from the pandemic, here's a special Axios AM Deep Dive on the Biden administration's health care agenda.