RYDE GROUP LTD Stock Price, News & Analysis

Ryde Group (NYSE American: RYDE), a Singapore-based mobility and quick commerce technology platform, has announced a registered direct offering of 6,422,000 Class A shares priced at $0.25 per share. The offering, conducted without a placement agent, is expected to raise gross proceeds of approximately $1.6 million.

The offering is being made under an effective shelf registration statement and is expected to close around September 10, 2025. The company plans to use the net proceeds for working capital and general corporate purposes. The offering is priced at-the-market under NYSE American rules.

Ryde (NYSE:RYDE) has announced a strategic partnership with Concorde International Group (NASDAQ:CIGL) to transform workforce opportunities in Singapore. The collaboration will enable Ryde's driver-partners to participate in security and facilities management services, creating a new revenue stream beyond traditional ride-hailing services.

Under the partnership, Ryde aims to onboard up to 5,000 driver-partners who will receive specialized security training from Concorde Security. The initiative, launching in October 2025, will utilize integrated technological solutions and AI-driven innovations for efficient task assignment and service delivery. The partnership aligns with Ryde's "7 Driver Commitments" initiative and aims to address Singapore's growing demand for manpower across various facilities sectors.

[ "Creation of new revenue stream for Ryde's driver-partners through security and facilities management services", "Partnership targets onboarding of 5,000 driver-partners, expanding workforce capacity", "Integration of AI and technological solutions to enhance operational efficiency", "Diversification of business model beyond traditional ride-hailing services" ]

Ryde Group (NYSE American: RYDE) announced that NYSE American has accepted its compliance plan to address listing standard deficiencies. The company had received a notice on May 21, 2025 for non-compliance with Section 1003(a)(ii) of the NYSE American Company Guide due to stockholders' equity below $4.0 million and losses in three of its four most recent fiscal years.

NYSE American has granted Ryde until November 21, 2026 to regain compliance. During this period, RYDE shares will continue trading while the company undergoes quarterly monitoring. If Ryde fails to meet compliance requirements or show sufficient progress, NYSE American may initiate delisting proceedings.

Ryde Group Ltd (NYSE: RYDE) has successfully implemented its Singapore National Day driver engagement initiative, highlighting its strategic focus on driver retention in Singapore's competitive mobility market. The initiative, celebrating Singapore's 60th independence anniversary, included distributing limited-edition National Day T-shirts and decals to over 600 driver-partners.

Central to Ryde's competitive advantage is its unique 0% commission model, distinguishing it from competitors who charge over 20% commissions. The company's comprehensive approach includes various community engagement programs like Annual CNY Lunch, #RydeHongbao, and #MakanWithRyde, resulting in higher driver retention rates and increased platform advocacy.

Ryde Group (NYSE:RYDE) announced its strategic expansion into Singapore's ultra-premium EV market through the launch of RydeLUXE 6, following its acquisition of a 40% stake in Atoll Discovery. The partnership provides access to Atoll's GAC E9 PHEV fleet and high-value corporate clients.

The initiative targets Singapore's $6.4 billion mobility market opportunity, with premium services expected to contribute 10% of total revenue by 2027. The fleet expansion plan includes scaling to 100 GAC E9 units by end-2026. Driver-partners will benefit from preferential leasing rates of ~S$4,200/month and monthly bonus incentives up to S$300.

This strategic move aligns with Singapore's Green Plan 2030 and positions Ryde to capitalize on the growing luxury transport demand driven by 333,000+ millionaire households in Singapore.

Tencent Cloud has formed a strategic partnership with Ryde Group Ltd (NYSE: RYDE) to enhance in-app communication for ride-hailing services in Southeast Asia. The collaboration integrates Tencent's Real-Time Communication (TRTC) technology and WeChat Mini Program into Ryde's platform, replacing traditional telecom-based systems with a cloud-native solution. This upgrade provides ultra-low latency, secure communication between riders and drivers while protecting user privacy. The partnership aims to transform Ryde's platform beyond ride-hailing into a regional super-app, with plans to explore AI-driven fleet optimization, intelligent dispatch systems, and green mobility analytics. For Tencent Cloud, this aligns with regional expansion goals, while Ryde benefits from improved platform reliability, operational efficiency, and enhanced user experience.

Ryde Group (NYSE:RYDE) has acquired a 40% strategic stake in Atoll Discovery, a Singapore-based EV rental company operating nearly 100 BYD electric vehicles. The investment aligns with Singapore's ambitious EV transition plan, which aims to deploy 60,000 charging points and phase out combustion engines by 2040. Singapore's EV market is projected to reach $564 million by 2030, with a 27.46% CAGR. Atoll, founded in 2017 and led by industry veteran Steven Kwek, supplies vehicles to major partners including Singapore Electric Vehicles (SEV). This acquisition complements Ryde's RydeGreen Program, launched in December 2024, which aims to introduce 1,200 EVs by 2027 with a $1 million green bonus commitment. The strategic investment allows Ryde to expand its green mobility footprint while maintaining its core business focus and 0% driver commission model.

Ryde Group Ltd (NYSE:RYDE) has received a notice of non-compliance from NYSE American on May 21, 2025, due to failing to meet continued listing standards. The company reported stockholders' equity of US$2.8 million, below the required US$4.0 million threshold, and has reported net losses in three of its four most recent fiscal years through December 31, 2024. Ryde must submit a compliance plan by June 20, 2025, demonstrating how it will regain compliance by November 21, 2026. If the plan is not submitted, accepted, or if progress isn't maintained, RYDE could face delisting. The company's Class A shares will continue trading under "RYDE" while working to meet listing requirements.

Ryde Group Ltd (NYSE:RYDE) participated in the NTUC May Day Rally 2025 in Singapore, reaffirming its commitment to gig workers' welfare. The company, which started as the world's first real-time carpooling app in 2014, has evolved into a publicly listed super app offering ride-hailing and delivery services.

Key highlights of Ryde's worker welfare initiatives include a 0% commission policy and the "7 Driver Commitments" framework focusing on fair earnings, safety, professional development, support, flexibility, engagement, and sustainability. The company joined over 1,600 union leaders and tripartite partners at the rally, where Prime Minister Lawrence Wong delivered his first May Day address, emphasizing Singapore's tripartite model as a competitive advantage.