Grab just launched GrabMaps, an in-house mapping and location-based service that will provide the company more accurate mapping in the Southeast Asian region.
According to Grab, having an in-house mapping gives a 4x lower error rate and 10x lower latency. In addition, finding the right point of interest (POI) for transport bookings is easier, and estimated travel time (ETT) is more accurate.
Grab expects to be fully self-sufficient with GrabMaps by Q3 2022, providing them with a more hyperlocal solution.
“Grab has always sought to build innovative tech that addresses Southeast Asia’s hyperlocal needs and GrabMaps is a great example of that. The back alleys and narrow side streets common across Southeast Asia cities often don’t show up on conventional maps, but are navigated by our driver and delivery partners every day. We’ve invested to turn this intelligence into a competitive advantage, allowing us to serve our users and partners with a great experience, at the same time driving efficiency and cost-savings for the business. We’re very proud that soon we will be fully self-powered by our own mapping and location-based technology. Commercializing this technology is another step forward for our young but fast-growing Enterprise and New Initiatives business,” Grab Co-founder Tan Hooi Ling said.
Mapping services are needed for driver/delivery-partner allocations, ETA calculations, route planning, and delivery cost optimization—which are critical to platforms like Grab.
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