• Yinson GreenTech appointed as Grab Malaysia’s EV leasing partner, expanding our solutions into the e-hailing sector
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News release

Yinson GreenTech is pleased to announce that it has been appointed as the EV leasing partner of Grab Malaysia (“Grab”). The announcement was made after both parties signed a Memorandum of Understanding (“MoU”) to advance the adoption of green mobility leasing services for e-hailing market and other green business initiatives in Malaysia.

Present to witness the signing of MoU was Ministry of International Trade and Industry (MITI) Deputy Minister, Liew Chin Tong, together with senior management of Yinson GreenTech, Grab, Sime Motors and Power-Up Tech held at Grab’s headquarters.

Through this partnership, Yinson GreenTech shall provide Grab with its comprehensive leasing packages of EVs and full suite of electrification solutions, starting with the delivery of 10 units of BYD M6. Yinson GreenTech will offer competitive leasing rates, preferential charging rates, and vehicle maintenance for Grab EVs. They will also provide fleet management tools, share insights on EV performance, and explore the installation of EV charging stations at key locations.

Ministry of Investment, Trade and Industry (MITI) Deputy Minister, Yang Berhormat Liew Chin Tong shared, “Today’s MoUs represents a significant step in Malaysia’s green mobility journey. Through government policies and agenda such as the Low Carbon Mobility Blueprint and New Industrial Master Plan 2030, the government has introduced tax incentives and grants to support EV adoption. At the same time, the transition to EVs relies on strong collaboration between the government and private sector. Grab Malaysia’s commitment today, together with its partners, exemplifies this synergy. This partnership reflects our shared vision for a more sustainable future.”

Yinson GreenTech Chief Executive Officer, Lim Chern Yuan said, “Yinson GreenTech is delighted to be appointed as Grab’s EV leasing partner. Our proven track record in electrifying the logistics sector has paved the way for us to now embark into the e-hailing market. We are committed to helping businesses achieve greater efficiency and cost optimisation through electrification. Ultimately, our goal is to contribute to Malaysia’s transportation electrification journey, driving a positive impact on the environment and the economy.”

Rashid Shukor, Director of Country Operations and Mobility, Grab Malaysia, said, “As a leading platform for on-demand transportation and delivery services, Grab is committed to reducing our environmental impact while creating positive social outcomes. Through this collaboration, we are not only supporting Malaysia’s sustainability agenda but also empowering our driver-partners with access to greener alternatives. By working with key industry players, we aim to accelerate EV adoption and drive long-term benefits for our communities and the environment.This landmark partnership marks a significant step towards the electrification of Malaysia’s transportation infrastructure by combining Grab’s innovative ride-hailing platform with Yinson GreenTech’s expertise in green technology solutions. The collaboration is also a follow-on from Grab’s commitment to expand its EV offering in Southeast Asia, which kicked off with a strategic partnership announcement with BYD to expand the electric vehicle fleet offering across the region in January 2025.

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Press Release

Yinson GreenTech is pleased to announce that it has been appointed as the EV leasing partner of Grab Malaysia (“Grab”). The announcement was made after both parties signed a Memorandum of Understanding (“MoU”) to advance the adoption of green mobility leasing services for e-hailing market and other green business initiatives in Malaysia.

Present to witness the signing of MoU was Ministry of International Trade and Industry (MITI) Deputy Minister, Liew Chin Tong, together with senior management of Yinson GreenTech, Grab, Sime Motors and Power-Up Tech held at Grab’s headquarters.

Through this partnership, Yinson GreenTech shall provide Grab with its comprehensive leasing packages of EVs and full suite of electrification solutions, starting with the delivery of 10 units of BYD M6. Yinson GreenTech will offer competitive leasing rates, preferential charging rates, and vehicle maintenance for Grab EVs. They will also provide fleet management tools, share insights on EV performance, and explore the installation of EV charging stations at key locations.

Ministry of Investment, Trade and Industry (MITI) Deputy Minister, Yang Berhormat Liew Chin Tong shared, “Today’s MoUs represents a significant step in Malaysia’s green mobility journey. Through government policies and agenda such as the Low Carbon Mobility Blueprint and New Industrial Master Plan 2030, the government has introduced tax incentives and grants to support EV adoption. At the same time, the transition to EVs relies on strong collaboration between the government and private sector. Grab Malaysia’s commitment today, together with its partners, exemplifies this synergy. This partnership reflects our shared vision for a more sustainable future.”

Yinson GreenTech Chief Executive Officer, Lim Chern Yuan said, “Yinson GreenTech is delighted to be appointed as Grab’s EV leasing partner. Our proven track record in electrifying the logistics sector has paved the way for us to now embark into the e-hailing market. We are committed to helping businesses achieve greater efficiency and cost optimisation through electrification. Ultimately, our goal is to contribute to Malaysia’s transportation electrification journey, driving a positive impact on the environment and the economy.”

Rashid Shukor, Director of Country Operations and Mobility, Grab Malaysia, said, “As a leading platform for on-demand transportation and delivery services, Grab is committed to reducing our environmental impact while creating positive social outcomes. Through this collaboration, we are not only supporting Malaysia’s sustainability agenda but also empowering our driver-partners with access to greener alternatives. By working with key industry players, we aim to accelerate EV adoption and drive long-term benefits for our communities and the environment.This landmark partnership marks a significant step towards the electrification of Malaysia’s transportation infrastructure by combining Grab’s innovative ride-hailing platform with Yinson GreenTech’s expertise in green technology solutions. The collaboration is also a follow-on from Grab’s commitment to expand its EV offering in Southeast Asia, which kicked off with a strategic partnership announcement with BYD to expand the electric vehicle fleet offering across the region in January 2025.