Uber technologies’ peer Grab is set to raise $2 billion in its latest funding round, with $1 billion coming from Toyota Motor Corp.

On Wednesday, the Wall Street Journal reported citing sources familiar with the matter at hand as saying, ride hailing firm Grab Inc is likely to raise around $2 billion in its latest funding round.

This round saw Japan’s Toyota Motor Corp, had invest $1 billion, said WSJ.

When requested to comment on the matter, Grab declined to comment.