Ryde Announces Strategic Partnership with Concorde to Drive Cross-Sector Workforce Transformation in Singapore
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 (NYSE:RYDE) ha annunciato una partnership strategica con Concorde International Group (NASDAQ:CIGL) per trasformare le opportunità occupazionali a Singapore. La collaborazione permetterà ai driver-partner di Ryde di offrire servizi di sicurezza e di gestione delle strutture, creando una nuova fonte di reddito oltre al tradizionale servizio di ride-hailing.
Il progetto prevede di integrare fino a 5.000 driver-partner, che riceveranno formazione specialistica in ambito sicurezza da Concorde Security. L'iniziativa, che partirà nell'ottobre 2025, farà leva su soluzioni tecnologiche integrate e su innovazioni basate sull'intelligenza artificiale per assegnare i compiti e ottimizzare l'erogazione dei servizi. L'accordo è coerente con l'iniziativa '7 Driver Commitments' di Ryde e mira a rispondere alla crescente domanda di personale nei diversi settori delle facility a Singapore.
- Creazione di una nuova fonte di reddito per i driver-partner tramite servizi di sicurezza e gestione delle facility
- Obiettivo di integrazione fino a 5.000 driver-partner per ampliare la capacità della forza lavoro
- Integrazione di soluzioni tecnologiche e IA per migliorare l'efficienza operativa
- Diversificazione del modello di business oltre il ride-hailing tradizionale
Ryde (NYSE:RYDE) ha anunciado una asociación estratégica con Concorde International Group (NASDAQ:CIGL) para transformar las oportunidades laborales en Singapur. La colaboración permitirá que los conductores-socios de Ryde participen en servicios de seguridad y gestión de instalaciones, creando una nueva fuente de ingresos más allá del tradicional servicio de ride-hailing.
La alianza contempla incorporar hasta 5.000 conductores-socios, quienes recibirán formación especializada en seguridad por parte de Concorde Security. La iniciativa, que se lanzará en octubre de 2025, utilizará soluciones tecnológicas integradas e innovaciones impulsadas por IA para asignar tareas y optimizar la prestación de servicios. La asociación se alinea con la iniciativa '7 Driver Commitments' de Ryde y busca atender la creciente demanda de mano de obra en los distintos sectores de facility en Singapur.
- Creación de una nueva vía de ingresos para los conductores-socios mediante servicios de seguridad y gestión de instalaciones
- Objetivo de incorporar 5.000 conductores-socios para ampliar la capacidad laboral
- Integración de IA y soluciones tecnológicas para mejorar la eficiencia operativa
- Diversificación del modelo de negocio más allá del ride-hailing tradicional
Ryde (NYSE:RYDE)는 Concorde International Group (NASDAQ:CIGL)와 전략적 파트너십을 발표하며 싱가포르의 일자리 기회를 혁신하려 합니다. 이번 협력을 통해 Ryde의 드라이버 파트너들은 보안 및 시설 관리 서비스에 참여할 수 있게 되어 기존 라이드헤일링을 넘어선 새로운 수익원을 창출하게 됩니다.
파트너십 하에 Ryde는 최대 5,000명의 드라이버 파트너를 온보딩할 계획이며, 이들은 Concorde Security로부터 전문 보안 교육을 받게 됩니다. 2025년 10월 시작 예정인 이 이니셔티브는 통합 기술 솔루션과 AI 기반 혁신을 활용해 작업 배정과 서비스 제공을 효율화할 것입니다. 본 협력은 Ryde의 '7 Driver Commitments' 이니셔티브와도 일치하며 싱가포르 내 다양한 시설 분야의 인력 수요 증가에 대응하는 것을 목표로 합니다.
- 보안 및 시설 관리 서비스를 통한 드라이버 파트너의 새로운 수익원 창출
- 인력 역량 확장을 위한 최대 5,000명 온보딩 목표
- 운영 효율성 강화를 위한 AI 및 기술 솔루션 통합
- 전통적 라이드헤일링을 넘어선 비즈니스 모델 다각화
Ryde (NYSE:RYDE) a annoncé un partenariat stratégique avec Concorde International Group (NASDAQ:CIGL) afin de transformer les opportunités d'emploi à Singapour. Cette collaboration permettra aux conducteurs partenaires de Ryde d'intervenir dans des services de sécurité et de gestion d'installations, créant ainsi une nouvelle source de revenus au‑delà du ride‑hailing traditionnel.
Dans le cadre du partenariat, Ryde vise à intégrer jusqu'à 5 000 conducteurs partenaires, qui suivront une formation spécialisée en sécurité dispensée par Concorde Security. L'initiative, lancée en octobre 2025, s'appuiera sur des solutions technologiques intégrées et des innovations pilotées par l'IA pour optimiser l'affectation des tâches et la prestation des services. Le partenariat s'aligne sur l'initiative '7 Driver Commitments' de Ryde et vise à répondre à la demande croissante de main-d'œuvre dans les différents secteurs des facilities à Singapour.
- Création d'une nouvelle source de revenus pour les conducteurs partenaires via les services de sécurité et de gestion d'installations
- Objectif d'intégrer 5 000 conducteurs partenaires pour accroître la capacité de la main-d'œuvre
- Intégration de l'IA et de solutions technologiques pour améliorer l'efficacité opérationnelle
- Diversification du modèle économique au‑delà du ride‑hailing traditionnel
Ryde (NYSE:RYDE) hat eine strategische Partnerschaft mit Concorde International Group (NASDAQ:CIGL) angekündigt, um die Arbeitsmarktchancen in Singapur zu verändern. Die Zusammenarbeit ermöglicht es Rydes Fahrer-Partnern, in Sicherheits- und Facility-Management-Dienstleistungen tätig zu werden und damit eine neue Einnahmequelle neben dem traditionellen Ride-Hailing zu erschließen.
Im Rahmen der Partnerschaft plant Ryde, bis zu 5.000 Fahrer-Partner einzugliedern, die eine spezielle Sicherheitsschulung von Concorde Security erhalten. Die Initiative, die im Oktober 2025 startet, setzt integrierte technologische Lösungen und KI-getriebene Innovationen ein, um Aufgaben zuzuweisen und die Servicebereitstellung effizient zu gestalten. Die Partnerschaft steht im Einklang mit Rydes Initiative '7 Driver Commitments' und zielt darauf ab, der wachsenden Nachfrage nach Arbeitskräften in den verschiedenen Facility-Sektoren in Singapur zu begegnen.
- Schaffung einer neuen Einnahmequelle für Fahrer-Partner durch Sicherheits- und Facility-Management-Dienstleistungen
- Planung, 5.000 Fahrer-Partner aufzunehmen, zur Erweiterung der Arbeitskapazität
- Integration von KI und technologischen Lösungen zur Steigerung der betrieblichen Effizienz
- Diversifizierung des Geschäftsmodells über das traditionelle Ride-Hailing hinaus
- None.
- Additional training requirements may create temporary downtime for drivers
- Success depends on driver adoption and certification completion
Insights
Ryde's partnership with Concorde creates new revenue streams by deploying drivers as on-demand security personnel, diversifying beyond traditional ride-hailing.
This strategic partnership between Ryde and Concorde represents a significant business model expansion for both companies. The collaboration ingeniously addresses two market needs simultaneously: providing additional income opportunities for Ryde's driver-partners while solving workforce challenges in Singapore's facilities management and security sectors.
The partnership fundamentally transforms Ryde's platform from a pure mobility solution into a broader workforce marketplace. By enabling drivers to monetize downtime between rides with security-related gigs, Ryde is maximizing the utilization rate of its existing driver network without significant additional costs. This asset-light approach to workforce expansion is particularly shrewd in Singapore's tight labor market.
For Concorde, this partnership solves the perennial challenge of on-demand staffing in the security industry. Rather than maintaining excess permanent staff to handle variable demand, they gain access to a flexible, location-diverse workforce through Ryde's network. The target of onboarding 5,000 driver-partners indicates the substantial scale of this initiative.
The October 2025 launch timeframe allows for adequate preparation, including training and technology integration. The mention of exploring AI technologies suggests future operational efficiencies beyond the initial partnership scope. This progressive development of their collaborative capabilities indicates long-term strategic thinking rather than a one-off partnership.
While the press release emphasizes benefits to drivers and operational synergies, the explicit mention of "significant new revenue opportunities" signals material financial impact. The companies are clearly positioning this as a meaningful business expansion rather than merely a marketing initiative or minor operational improvement.
Potential to Unlock Significant New Revenue Opportunities for Both Companies and Driver-Partners
SINGAPORE, SG / ACCESS Newswire / August 13, 2025 / Ryde Group Ltd (NYSE American:RYDE) ("Ryde'' or the "Company"), a technology company with a leading platform for mobility and quick commerce in Singapore, and Concorde International Group Ltd. (NASDAQ:CIGL) ("Concorde"), an integrated facilities and security services provider that combines physical manpower and innovative technology to deliver effective facilities and security solutions, today announced that they have entered into a strategic partnership. The collaboration aims to create industry wide job opportunities for Ryde's driver-partners within the facilities management and security sectors-diversifying income streams while supporting the growing demand for manpower across office, retail, hospitality, industrial and medical facilities.
Concorde is a leading integrated facilities and security services provider which deploys its proprietary patent technology, Cluster™ Mobile Command Center, to enhance productivity and efficiency in the facilities and security industry. Building on its operational success, the company has extended its capabilities to deliver Integrated Facilities Management (IFM) services that reduce costs and improve returns for asset owners and property managers.
Expanding the Gig Economy into Security Services
Under this groundbreaking partnership, Ryde driver-partners will have the opportunity to accept short-term, on-demand security-related assignments, enabling them to diversify their earning potential beyond traditional ride-hailing and delivery services. This initiative directly fulfills a core pillar of Ryde's "7 Driver Commitments" initiative, which promises to continually expand income streams and create flexible working opportunities for driver-partners.
The facilities and security services vertical introduces a completely new revenue stream for driver-partners who can now choose to leverage their time between rides to contribute to Singapore's facilities and security ecosystem, maximizing their earning potential while addressing critical market needs. By creating thousands of flexible facilities and security jobs within Singapore's gig economy, this partnership not only benefits Ryde's driver community but also strengthens the nation's workforce and economic resilience.
"At Ryde, we are constantly exploring innovative ways to create value for our driver-partners," said Terence Zou, Founder, Chairman, and CEO of Ryde Group. "This partnership with Concorde opens up an entirely new vertical of earning opportunities, allowing our driver-partners to leverage their availability and presence across Singapore to contribute to the emerging security sector."
"This collaboration represents a perfect synergy between Ryde's extensive network of driver-partners and Concorde's expertise in facilities and security services," said Swee Kheng (Alan) Chua, CEO of Concorde.
By tapping into Ryde's pool of driver-partners, we can significantly enhance our ground presence and responsiveness across Singapore. We plan to onboard up to 5,000 Ryde Driver-Partners for this partnership over time.
Streamlined Training and Deployment
Ryde driver-partners will undergo specialized security training provided by Concorde Security, equipping them with the necessary skills and certifications to perform security-related tasks. The training program has been optimized for efficiency to minimize downtime for driver-partners
Technology-Driven Security Solutions
The partnership will be powered by an integrated technological solution that seamlessly assigns facilities and security tasks to qualified Ryde driver-partners. This system will ensure efficient matching of security needs with available personnel, optimizing response times and service quality.
"As we continue to advance our integrated facilities services, we are laying the groundwork for the future integration of artificial intelligence across our service ecosystem," said Alan Chua, CEO of Concorde. "Building on our proven IFS model, we plan to explore and adopt AI-driven technologies including AI-powered video analytics, predictive patrolling and response, IoT-enabled anomaly detection, and real-time decision support tools. These innovations will strengthen operational efficiency, enhance responsiveness, and deliver smarter, more scalable solutions to our clients."
Financial Impact and Future Outlook
As the partnership scales across Singapore's facilities and security sectors, Ryde expects this initiative to become a significant new revenue stream in the coming years.
"This partnership with Concorde aligns perfectly with our mission to reimagine mobility and create sustainable earning opportunities," added Terence Zou, Founder, Chairman, and CEO of Ryde Group. "By extending beyond traditional transportation services, we are creating a more resilient and diverse ecosystem that benefits all stakeholders."
The partnership is set to launch operations in October 2025, following the completion of the initial facilities and security certification programs and technology integration.
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
About Concorde International Group Limited
Concorde International Group Limited (Nasdaq:CIGL) was established in 1997 and has recently transformed into a state-of-the-art technology company. The Company is recognized for its bold and disruptive innovation with its integrated monitoring of properties, assets and building service systems under 24/7 surveillance, ensuring complete security and business efficiency. This is done through a suite of smart security solutions called "I-Guarding Solutions". The first of these solutions is its patented I-Man Facility Sprinter ("IFS") - a revolutionary mobile vehicular platform providing security and facility maintenance services.
Having set a new industry standard, Concorde is acknowledged for spearheading change in the recent Industry Transformation Map for the sector. Additionally, its technologically enabled solutions upgrade its workers' salaries, skill-sets and working conditions and redefines the business proposition for the whole industry. For more information, please visit www.concordesecurity.com
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
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
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