Ryde Announces Strategic Investment in Singapore Electric Vehicles Pte Ltd to Accelerate Sustainable Mobility Growth

Rhea-AI Summary

Ryde (NYSE:RYDE) announced on October 30, 2025 that its subsidiary RCSR Pte Ltd entered a Notes Subscription and Debenture Agreement to invest in Singapore Electric Vehicles Pte Ltd (SEV).

The move secures Ryde early access to SEV's fleet and charging infrastructure, supports the company's electrification roadmap, and aims to lower operating costs for drivers while advancing sustainability goals as Singapore transitions to EVs by 2030.

Key fact: SEV currently operates a fleet exceeding 200 electric vehicles.

Positive

• SEV fleet >200 EVs providing immediate vehicle supply
• Early access to EVs and charging infrastructure for driver acquisition and fleet optimization

Negative

• None.

Insights

Transportation Strategy Analyst

Ryde's minority investment secures EV access and supports its electrification roadmap, likely positive for operational efficiency and sustainability.

Ryde gains early access to a >200‑vehicle EV pool and related charging infrastructure via its note and debenture agreement with SEV. This improves Ryde's ability to source electric vehicles for drivers and integrate charging logistics into its platform, which can lower operating costs and simplify fleet planning.

Key dependencies include the pace of EV deployment by SEV, successful integration of vehicle and charging availability, and any contractual rights tied to the notes and debenture. Risks include execution delays and unreported financial terms that could affect timing or scale of benefits.

Watch for measurable milestones over the next 12–24 months: expansion of EV count available to Ryde, formal fleet utilization metrics, and any disclosures about the notes or debenture terms. The October 30, 2025 announcement frames the start of this partnership and the near-term horizon for initial operational effects.

SINGAPORE, SG / ACCESS Newswire / October 30, 2025 / Ryde Group Ltd (NYSE American:RYDE) ("Ryde" or the "Company"), a leading technology platform for mobility and quick commerce in Singapore, today announced that its wholly owned subsidiary, RCSR Pte Ltd, has entered into a Notes Subscription and Debenture Agreement with Singapore Electric Vehicles Pte Ltd ("SEV"), one of Singapore's largest private EV fleet operators.

This strategic investment represents a key milestone in Ryde's roadmap toward full electrification and reinforces its long-term commitment to building a cleaner, more efficient, and future-ready urban mobility ecosystem.

Strengthening Ryde's Position in Singapore's EV Revolution

Founded in 2022, SEV is a fast-growing innovator shaping Singapore's EV landscape through a vertically integrated ecosystem of EV leasing, charging infrastructure, and smart mobility technologies. With a current fleet exceeding 200 electric vehicles, SEV has rapidly emerged as a leading private EV operator supporting both consumer and enterprise demand.

Through this investment, Ryde secures early access to a growing pool of electric vehicles, giving the Company a strategic advantage in driver acquisition, fleet optimization, and sustainability compliance as Singapore accelerates its nationwide transition to EVs by 2030.

Unlocking Long-Term Value and Sustainability

"This strategic partnership with SEV marks a pivotal step forward in Ryde's journey toward sustainable growth," said Terence Zou, Founder, Chairman and CEO of Ryde. "As EV adoption gathers pace in Singapore, our investment ensures that Ryde is not just participating in this transformation, we are shaping it. By expanding our access to EVs and charging infrastructure, we can lower operating costs for our drivers, enhance user experience, and unlock new avenues of long-term value creation for our shareholders."

This investment aligns with Ryde's broader sustainability strategy and positions the Company to capitalize on the rising demand for clean mobility, a market expected to grow substantially as governments and consumers shift toward green transportation alternatives.

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/.

Safe Harbor Statement

This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.

Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.

Contacts

For Media Relations:

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

For Investor Relations:

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

SOURCE: Ryde Group

View the original press release on ACCESS Newswire

FAQ

What did Ryde announce on October 30, 2025 regarding SEV and RYDE stock?

Ryde announced that subsidiary RCSR signed a Notes Subscription and Debenture Agreement to invest in Singapore Electric Vehicles on October 30, 2025.

How many electric vehicles does SEV operate that Ryde will gain access to?

SEV currently operates a fleet exceeding 200 electric vehicles, which Ryde cites as part of the strategic benefit.

How will the SEV investment affect Ryde drivers and operations (RYDE)?

Ryde says the investment expands access to EVs and charging infrastructure, which it expects to help lower operating costs for drivers and improve fleet optimization.

What is the strategic goal of Ryde's investment in SEV for shareholders of RYDE?

The company frames the investment as accelerating its electrification roadmap and unlocking long-term value by positioning Ryde to benefit from rising demand for clean mobility.

Does Ryde link the SEV deal to Singapore's national EV timeline for RYDE investors?

Yes; Ryde notes the investment aligns with Singapore's broader transition to EVs by 2030.

Which Ryde entity signed the investment agreement with Singapore Electric Vehicles for RYDE?

Ryde's wholly owned subsidiary RCSR Pte Ltd entered the Notes Subscription and Debenture Agreement with SEV.