Toyota also has ties to Uber. It invested an undisclosed sum in the US company in 2016.
Other automakers have put money into the ride-hailing industry. In 2016, General Motors invested $500 million in Lyft, Volkswagen pumped $300 million into Gett, and Honda invested an undisclosed amount in Grab. Earlier this year, Hyundai alsoinvested in Grab.
The explosive growth of the global ride-hailing industry and the rising interest in self-driving vehicles pose serious challenges for automakers. It is no longer enough to design, manufacture and sell cars, according to a report last month from consulting firm Bain & Company.
Car companies need to partner and invest in ride-hailing startups and other service providers "to capture their share of the growing profit pool [and] to compensate for slower growth in car sales," said the report, which focused on China, the world's biggest auto market.