Grab hit the one billion-ride milestone on Oct 26 with 66 concurrent rides in one second across all seven of its markets in Southeast Asia namely Malaysia, Singapore, Indonesia, the Philippines, Thailand, Vietnam and Myanmar.

In a statement yesterday, the company said that the rapid pace of growth demonstrated the e-hailing service’s enormous untapped potential in Southeast Asia.

Grab co-founder and chief executive officer Anthony Tan said the achievement was a great testament to the strength of Grab’s business and its management team.

“I am immensely grateful to all our drivers, passengers, investors and business partners for their support,” he said.

“We have dramatically increased the size of our business in such a short time. We not only maintained the same great services but also improved it by continuing to innovate our business, solving local problems and transforming lives through technology,” he explained.

Grab offers private cars, motorcycles, taxi and carpooling services across seven countries and 142 cities in Southeast Asia, with one out of every three passengers using multiple services.

According to the statement, Grab has the largest land transport in Southeast Asia with over two million drivers earning 55% more than the national average hourly wages on its platform.