Ryde Group Ltd. announced a strategic initiative to expand into the electric vehicle $(EV)$ rental market in Singapore as part of its broader sustainability and product innovation roadmap. The company aims to support sustainable mobility and address emerging demand for eco-friendly transportation. Ryde will partner with Guan Chao Holdings Ltd and Singapore Electric Vehicles Pte Ltd to secure a fleet of up to 400 EVs over the next six months. The initiative includes compliance with regulatory and safety standards, and seeks to offer economic benefits to drivers while diversifying revenue streams and enhancing its environmental, social, and governance $(ESG)$ leadership.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ryde Group Ltd. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1116209) on December 10, 2025, and is solely responsible for the information contained therein.