Ryde and GO-GENIE Deepen Partnership to Optimize Resources and Unlock More Opportunities for Gig Workers

Rhea-AI Summary

Ryde (NYSE:RYDE) and GO-GENIE expanded their strategic partnership on December 16, 2025 to boost on-demand delivery, increase gig-worker earning opportunities and add real-time carbon emissions tracking to last-mile operations. The expanded deal builds on a January 2025 pilot that connected Ryde drivers and riders to GO-GENIE and reportedly improved vehicle utilization and off-peak earnings. GO-GENIE's AI optimization aims to shorten waiting times, improve route planning, reduce fuel use, and help Ryde baseline and monitor delivery-related emissions for greener logistics. The partnership also enlarges GO-GENIE's asset-light on-demand fleet capacity and emphasizes compliance with Singapore platform‑worker regulations.

Positive

• Pilot launched January 2025 produced reported improvements in vehicle utilization
• Introduced real-time carbon emissions tracking for delivery operations
• AI optimization targeting shorter waiting times and reduced fuel usage
• Expanded on-demand fleet capacity for GO-GENIE to support peak periods

Negative

• None.

Key Figures

Partnership launch date December 16, 2025 Announcement date of expanded Ryde–GO-GENIE partnership

Pilot start January 2025 Initial joint pilot connecting Ryde drivers to GO-GENIE platform

Option period Peak sales periods GO-GENIE uses Ryde fleet to support merchants during peaks

Market Reality Check

$0.3720 Last Close

Volume Volume 50,559 is 34% below the 20-day average of 76,264, suggesting limited pre-news positioning. low

Technical Price at $0.4399 is trading ~29% above the $0.34 200-day MA, but still 50.46% below the 52-week high.

Peers on Argus

RYDE was down 3.8% while key peers were mixed: JTAI (-14.43%), EPWK (-7.56%), IFBD (-4.08%), WCT (-11.2%), BNZI (+6.09%). Moves were not uniformly directional, pointing to stock-specific factors.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 10	EV expansion plan	Positive	+6.1%	Announced option to scale EV rental fleet up to 400 vehicles.
Dec 09	Upskilling program	Positive	+0.3%	Completed facilities and security management training for driver-partners.
Dec 03	Equity offerings	Negative	-1.1%	Announced US$14M combined private placement and registered direct offering.
Nov 18	Tencent partnership	Positive	+5.8%	Launched Weixin/WeChat Mini Program integration for Chinese visitors.
Nov 06	Kris+ partnership	Positive	+4.8%	Enabled KrisFlyer members to redeem miles for discounted RydeCoins.

Pattern Detected

Across recent strategic, financing, and partnership updates, RYDE’s stock typically reacted positively to operational and partnership news but showed mild pressure around equity offerings.

Recent Company History

Over the past few months, RYDE has emphasized partnerships and growth initiatives. On Dec 10, it outlined an EV rental expansion targeting up to 400 vehicles, following a driver upskilling program on Dec 9. Earlier, a US$14M equity raise on Dec 3 coincided with a modest negative move. Prior partnerships with Tencent Cloud, Kris+, Concorde, HelloRide, and MooVita in Aug–Nov 2025 all saw positive next-day reactions, suggesting the market often welcomed collaboration news.

Regulatory & Risk Context

Active S-3 Shelf Registration 2025-07-09

RYDE has an active Form F-3 shelf dated 2025-07-09, expiring 2028-07-09, with at least 2 documented usages via 424B5 filings in 2025. This indicates an established mechanism for issuing additional securities under the registration.

Market Pulse Summary

The stock dropped -23.2% in the session following this news. A negative reaction despite operationally positive partnership news would contrast with earlier collaboration updates, which produced average moves of about 6.15%. Some holders may still focus on recent equity raises and listing-related risks highlighted in prior filings. The active Form F-3 shelf and history of share issuances documented in late 2025 could keep dilution concerns elevated. In that context, even initiatives that expand fleet utilization, logistics capacity, and sustainability may not immediately offset capital-structure worries.

Key Terms

carbon emissions tracking technical

"A key development in this expanded partnership is the introduction of GO-GENIE's carbon emissions tracking."

Carbon emissions tracking is the ongoing measurement and recording of the greenhouse gases a company or project releases, usually expressed as tons of carbon dioxide equivalent. Investors use it like a financial scorecard for environmental impact: it helps assess regulatory risk, potential future costs, and reputation exposure, and it enables comparison across firms and monitoring of progress toward emissions reduction goals.

carbon footprint technical

"real-time carbon footprint measurement tools will enable Ryde to better track emissions"

The carbon footprint measures the total greenhouse gas emissions a company causes directly and indirectly, expressed as a single tally of carbon dioxide-equivalent. Investors care because it’s like a company’s emissions “utility bill”: higher footprints can mean bigger future regulatory costs, reputational damage, and operational changes as the economy shifts to cleaner energy, all of which can affect profitability and long-term value.

asset-light delivery network technical

"Ryde's driver community has become an important extension of its asset-light delivery network."

An asset-light delivery network is a logistics approach where a company uses third-party carriers, gig drivers or shared facilities instead of owning its own trucks, warehouses or delivery fleet. For investors, this often means lower upfront capital spending, faster ability to scale and potentially higher margins—like renting cars instead of buying a fleet—but it also raises dependence on outside partners for reliability and cost control.

AI optimization engine technical

"reduced fuel usage through GO-GENIE's AI optimization engine."

An AI optimization engine is a computer system that uses machine learning to analyze data and automatically choose the best actions to meet a goal, such as cutting costs, boosting sales, or improving product performance. Investors care because it can make businesses faster and cheaper to run—like an automated thermostat that keeps energy use low—potentially increasing profits, reducing risk, and creating a competitive advantage.

AI-generated analysis. Not financial advice.

Collaboration to Introduce Carbon Intelligence and Strengthen Sustainability in Last-Mile Logistics

SINGAPORE, SG / ACCESS Newswire / December 16, 2025 / Ryde Group Ltd (NYSE American:RYDE) ("Ryde" or the "Company"), a leading technology platform for mobility and quick commerce in Singapore, and GO-GENIE, an AI-powered smart logistics ecosystem, have strengthened their strategic partnership to boost on-demand delivery capabilities, uplift gig worker income and introduce real-time carbon measurement into their last-mile operations. The collaboration enables private-hire drivers and riders to attain more earning opportunities while offering their customers a faster and more reliable delivery experience.

The expanded partnership builds on the joint pilot launched in January 2025, when Ryde's driver and rider community was connected to GO-GENIE's logistics platform. The pilot delivered positive outcomes, enabling drivers to access additional earning opportunities during idle and non-peak periods and improving overall vehicle utilization.

A key development in this expanded partnership is the introduction of GO-GENIE's carbon emissions tracking. This capability enables Ryde to monitor delivery-related emissions in real time, baseline its environmental footprint and make informed decisions aligned with Singapore's growing emphasis on sustainable mobility.

Enhanced Benefits to Gig Workers

Drivers and riders can now expect shorter waiting times between jobs, smarter route planning, and reduced fuel usage through GO-GENIE's AI optimization engine. This creates improved opportunities for trip matching, enabling drivers to manage their earnings potential with greater predictability while retaining full flexibility over their working hours. For consumers, the partnership delivers faster pick-ups, smoother delivery experiences, and enhanced reliability. With a wider pool of available drivers and riders, Ryde's customers can also expect quicker turnaround times for both personal and business deliveries.

Ryde and GO-GENIE remain committed to supporting driver and rider wellbeing by helping them manage their schedules safely and avoid overwork, in full compliance with Singapore's platform worker regulations.

Delivering Sustainability and Business Outcomes

The collaboration also deepens both organizations' commitment to environmental responsibility. GO-GENIE's real-time carbon footprint measurement tools will enable Ryde to better track emissions and make informed decisions to reduce its environmental impact, meeting the rising demand for greener logistics solutions.

For GO-GENIE, Ryde's driver community has become an important extension of its asset-light delivery network. The partnership significantly expands GO-GENIE's on-demand fleet capacity and strengthens its ability to support merchants during peak sales periods. By widening its resource pool, GO-GENIE can offer businesses more resilient delivery performance, ensuring they benefit from a network that is both flexible and robust.

"We are excited to partner with GO-GENIE to leverage their innovative technology and contribute to a more sustainable future. With our Support Local initiative, this collaboration aligns well with our vision of providing efficient and eco-friendly mobility solutions," said Mike Liu, Business Development Manager of Ryde. "By optimizing our delivery operations, we aim to reduce our carbon footprint and offer an improved experience to our riders."

"This partnership represents an important step forward for both GO-GENIE and Ryde. By integrating our optimization capabilities with Ryde's established delivery network, we are strengthening our operational foundation and laying the groundwork for scalable, sustainable growth," said Averyl Loke, Business and Brand Development Manager of GO-GENIE. "Together, we are building a future-ready delivery ecosystem that will benefit businesses, drivers and consumers, while contributing to the reduction of logistics-related carbon emissions."

About Ryde Group Ltd

Ryde, a homegrown super mobility app founded in Singapore, is the world's FIRST on-demand carpooling app since 2014! As a publicly listed company on the NYSE American, we are reimagining the way people and goods move around. We offer a full suite of services, including carpooling, private hire, taxi, and delivery, but what truly sets us apart is our commitment to empower our private-hire and taxi partners. We take 0% commission, ensuring that more of every hard-earned dollar goes to drivers on our platform. For more information, please visit https://rydesharing.com/ to learn more.

About GO-GENIE

Headquartered in Singapore, GO-GENIE is a smart logistics ecosystem that provides an integrated, scalable and asset-light solution for businesses of all sizes. Our AI-powered platform unifies warehousing, fulfilment and last-mile delivery, connecting multiple providers seamlessly to deliver greater efficiency, real-time visibility, tighter cost control and measurable carbon reduction. GO-GENIE's digital infrastructure will power the next generation of commerce in Southeast Asia, reimagining logistics as the backbone of the region's rapidly evolving supply chain landscape. For more information, visit www.go-genie.com.

Contacts

For Media Contacts:

GO-GENIE Media Team
Gayle Wong (Ms)
Head, Communications & Sustainability
Email: gayle@go-genie.com

Ryde Media Team
Ryde Group Ltd
Email: media@rydesharing.com

For Investor Relations:
Investor Relations Team
Ryde Group Ltd
Email: investor@rydesharing.com

FORWARD-LOOKING STATEMENTS

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors . Any forward-looking statements contained in this press release speak only as of the date hereof, and Ryde Group Ltd specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE: Ryde Group

View the original press release on ACCESS Newswire

FAQ

What did Ryde and GO-GENIE announce on December 16, 2025 regarding delivery services?

They expanded a strategic partnership to boost on-demand delivery, uplift gig-worker earnings and add real-time carbon emissions tracking to last‑mile operations.

How does the January 2025 pilot with GO-GENIE affect Ryde drivers and riders (RYDE)?

The January 2025 pilot connected Ryde's driver and rider community to GO-GENIE and reportedly improved vehicle utilization and off-peak earning opportunities.

What sustainability capability did GO-GENIE add to Ryde's operations (RYDE)?

GO-GENIE introduced real-time carbon emissions tracking to help Ryde baseline and monitor delivery-related emissions.

How will GO-GENIE's AI optimization affect driver earnings and customer service for Ryde (RYDE)?

The AI engine aims to shorten waiting times, improve route planning, reduce fuel use and enable more predictable trip matching for drivers.

Does the partnership change GO-GENIE's delivery capacity or merchant support?

Yes; Ryde's driver community expands GO-GENIE's asset-light on-demand fleet capacity, strengthening support for merchants during peak periods.

Does the collaboration address driver wellbeing and regulations in Singapore for Ryde (RYDE)?

The companies said they support driver wellbeing by helping manage schedules safely and remain in compliance with Singapore's platform‑worker regulations.