A ride-share and transportation startup, Grab, has raised a new Series H round worth $1 billion.

This new investment brings the value of the company to around $11 bn, as reported by Financial Express. The startup will use part of the funding to expand the services and capabilities provided by their platform.

Toyota Motor Corp., Didi Chuxing and SoftBank Group have all previously invested in the Singapore-based startup. Grab was founded in 2012 by Anthony Tan and Tan Hooi Ling.

“We will continue opening the financing for certain investors that we think will add value,” Grab President Ming Maa said, as reported by Financial Express.

The startup will also use a portion of their new funding to continue expansion plans into Indonesia. OppenheimerFunds, China’s Ping An Capital, Vulcan Capital, Macquarie Capital and Lightspeed Venture Partners are investors in the round.

The company also plans to eventually expand into areas such as Vietnam and Thailand. According to Maa, the startup has attracted international attention from investors.

(Picture courtesy: http://limzhiyang.com/)