Core Insights - Ryde Group Ltd and GO-GENIE have strengthened their strategic partnership to enhance on-demand delivery capabilities and improve gig worker income while integrating real-time carbon measurement into last-mile logistics [1] Company Overview - Ryde Group Ltd is a leading technology platform for mobility and quick commerce in Singapore [1] - GO-GENIE operates as an AI-powered smart logistics ecosystem [1] Strategic Collaboration - The partnership aims to provide private-hire drivers and riders with increased earning opportunities [1] - The collaboration focuses on delivering a faster and more reliable delivery experience for customers [1]

SINGAPORE, SG / ACCESS Newswire / December 10, 2025 / Ryde Group Ltd (NYSE American:RYDE) ("Ryde" or the "Company"), a leading technology platform for mobility and quick commerce in Singapore, today announced a bold strategic initiative to expand into the electric vehicle ("EV") rental market. This milestone accelerates Ryde's ambitions in sustainable mobility and positions the Company to capture the surging demand for eco-friendly transportation in Singapore, fuelled by supportive government policies, corp ...

Core Insights - Ryde Group Ltd has successfully completed the first cohort of driver-partners' professional training in collaboration with Concorde International Group, enhancing their skills and opening new work opportunities [1][2]. Group 1: Training and Certification - The training program, part of a strategic partnership, focuses on creating cross-sector income opportunities for Ryde's driver community [2]. - Driver-partners have earned certification in facilities and security management, enabling them to undertake flexible assignments in various sectors [3][4]. - The training included online modules, practical sessions, and real-world assessments tailored specifically for the driver community [4]. Group 2: Strategic Goals and Commitments - This initiative aligns with Ryde's mission to empower driver-partners with diversified income streams and long-term professional growth beyond traditional ride-hailing and delivery services [2][5]. - The certification program supports Ryde's '7 Driver Commitments', which aim to improve income stability and expand upskilling opportunities for drivers [5]. - The collaboration is seen as a transformation of gig work into a broader ecosystem of opportunities, supporting Singapore's workforce transformation goals [6]. Group 3: Company Overview - Ryde is a homegrown super mobility platform in Singapore, recognized as the world's first on-demand carpooling app since 2014, offering a range of services including carpooling, private hire, taxi, and delivery [6]. - The company emphasizes a driver-centric model by taking 0% commission, ensuring that drivers retain more of their earnings [6]. - Concorde International Group, established in 1997, has evolved into a technology company known for its innovative security solutions, enhancing the industry standards and worker conditions [7].

Core Points - Ryde Group Ltd has announced a private placement of 33,334,000 Class A ordinary shares and a registered direct offering of 5,556,000 Class A ordinary shares at an offering price of US$0.36 per share, totaling approximately US$14 million in gross proceeds before expenses [1] Group 1 - The company is a leading technology platform for mobility and quick commerce headquartered in Singapore [1] - The offerings did not involve any placement agent [1]

Core Insights - Tencent Cloud has expanded its strategic partnership with Ryde Group Ltd to enhance the tourism and mobility experience for Chinese visitors in Singapore [1] - The new phase includes the launch of the Weixin Mini Program in Singapore, building on previous integrations of Tencent Cloud's Real-Time Communication technology within the Ryde platform [1] Company Developments - The partnership aims to leverage Tencent's technology to improve in-app communications and overall user experience on the Ryde platform [1] - The introduction of the Weixin Mini Program is expected to facilitate better connectivity and services for Chinese tourists, aligning with Singapore's tourism strategies [1] Industry Impact - This collaboration highlights the growing trend of integrating technology solutions to enhance mobility services in urban environments [1] - The initiative reflects the increasing importance of catering to the needs of international visitors, particularly from China, in the competitive tourism market of Singapore [1]

Core Insights - Ryde Group Ltd has announced a collaboration with Kris+, the lifestyle rewards app of Singapore Airlines, allowing KrisFlyer members to redeem miles for RydeCoins at exclusive discounted rates [1] Company Summary - Ryde Group Ltd is a leading technology platform for mobility and quick commerce in Singapore [1] - The collaboration with Kris+ enhances the value proposition for Ryde's services by integrating with a major airline's rewards program [1] Industry Summary - The partnership reflects a growing trend in the mobility and quick commerce sectors to leverage loyalty programs, providing consumers with more flexible and valuable options for their rewards [1]

Core Viewpoint - Ryde Group Ltd has made a strategic investment through its subsidiary RCSR Pte Ltd by entering into a Notes Subscription and Debenture Agreement with Singapore Electric Vehicles Pte Ltd, marking a significant step towards full electrification and commitment to a sustainable urban mobility ecosystem [1] Company Summary - Ryde Group Ltd is a leading technology platform for mobility and quick commerce in Singapore [1] - The investment with SEV, one of Singapore's largest private EV fleet operators, is aimed at enhancing Ryde's electrification roadmap [1] Industry Summary - The move reflects a broader trend in the urban mobility sector towards electrification and sustainability, aligning with global efforts to reduce carbon emissions and promote cleaner transportation solutions [1]

Core Viewpoint - Ryde Group Ltd has received a warning letter from NYSE American regarding compliance issues related to its stock price and trading volume [1] Summary by Relevant Sections - **Compliance Issue**: The warning letter from NYSE American LLC was dated October 24, 2025, indicating concerns about the Company's adherence to Section 401(a) of the NYSE American Company Guide [1] - **Stock Performance**: On October 7, 2025, NYSE Regulation staff observed a significant increase in Ryde's stock price along with an unusually large volume of trading activity [1]

Core Viewpoint - Ryde Group Ltd reported a significant increase in revenue for the first half of 2025, indicating strong growth in its mobility and quick commerce technology platform [1]. Financial Performance - Revenue for the first half of 2025 reached S$5.7 million (US$4.5 million), representing an increase from S$4.4 million (US$3.2 million) in the same period of 2024 [1].

Core Insights - Ryde Group Ltd has announced a strategic partnership with MooVita to propose an SAE Level 4 autonomous shuttle service in Punggol [1] - This initiative aligns with the Singapore government's plan to pilot autonomous shuttles in Punggol by Q4 2025, leveraging the area's mature travel patterns and infrastructure [1] Company Developments - The partnership with MooVita aims to enhance mobility and quick commerce services in Singapore [1] - The proposal submitted to the Land Transport Authority (LTA) is part of a broader strategy to implement autonomous shuttle operations in urban areas [1] Industry Context - Punggol has been identified as the first HDB estate for the autonomous shuttle pilot due to favorable resident feedback and practical route identification [1] - The initiative reflects the growing trend of integrating autonomous technology into public transport systems in urban settings [1]