Ryde Reaffirms Commitment to Gig Workers at NTUC May Day Rally, Supporting Inclusive Growth and Fair Work Practices

Rhea-AI Summary

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.

SINGAPORE, SINGAPORE / ACCESS Newswire / May 6, 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, proudly reaffirmed its commitment to gig workers at the NTUC May Day Rally 2025, joining over 1,600 union leaders, tripartite partners, and fellow Singaporeans in support of a more inclusive, resilient workforce.

Held at Downtown East, Singapore, the annual rally was marked by Prime Minister Lawrence Wong's first May Day address since taking office. PM Wong acknowledged the rapidly changing nature of work and highlighted the tripartite model as Singapore's key competitive advantage- uniting government, employers, and workers to shape a resilient and future-ready labour force.

Ryde - A Homegrown Champion for Platform Workers

Founded in 2014 on the principle of shared mobility, Ryde became the world's first on-demand, real-time carpooling app. Since then, it has grown into a publicly listed super app offering ride hailing and delivery services-anchored by its unwavering commitment to driver-partner welfare.

As a homegrown company, Ryde has consistently prioritised the well-being of Singapore's gig economy, particularly the driver-partners who keep its platform moving.

"Our presence at this year's May Day Rally was not just symbolic-it is a reaffirmation of our mission," said Subashini Thanakodi, Associate Director of Operations at Ryde Group. "We are building a platform that not only respects but also rewards the people who make our service possible."

Key Highlights of Ryde's Commitment to Worker Welfare

Ryde's mission is anchored in creating a dignified, sustainable and empowering experience for all its driver-partners-recognising that platform workers are at the heart of the mobility ecosystem.

Our 0% commission policy enables driver-partners to maximise and retain most of their earnings, strengthening income reliability amid rising operational costs and inflationary pressures. But Ryde's support goes beyond the industry-leading 0% commission policy. It is structured around a comprehensive framework known as the 7 Driver Commitments, designed to ensure fair earnings, safety first, professional development, dedicated support, job flexibility, active engagement and sustainability. In short, all our policies cater to the long-term well-being of our driver-partners.

Subashini Thanakodi, Associate Director of Operations at Ryde Group, shared, "Our participation in this year's May Day Rally highlighted the critical role of cross-sector collaboration, particularly the tripartite model, in shaping a workforce that is prepared for the future. We are building a platform that not only respects but also rewards the people who make our service possible." She further added, "At Ryde, we firmly believe that platform workers deserve the same dignity, respect, and opportunities as any other profession, and we are committed to turning this belief into reality."

Ryde also expressed its appreciation to the Labour Movement for its inclusive representation of all workers-whether full-time, freelance, or platform-based. The company continues to explore ways to enhance collaboration with tripartite partners, including government, employers, and unions, to improve social protections and ensure long-term security for gig workers.

As Singapore faces rapid transformations in the workforce landscape, Ryde remains steadfast in its commitment to contributing to a future where flexibility and fairness go hand in hand, supporting a sustainable and equitable environment for all.

Looking Ahead: Tech with Heart

Ryde's ambition goes beyond transactions. It envisions a future where technology uplifts, mobility empowers and gig work is dignified and sustainable.

With a strong foundation in Singapore and a public listing on the NYSE American, Ryde is well-positioned to scale its impact across Southeast Asia-without losing sight of the gig economy workers who made it possible.

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, 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.

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

What is Ryde's commission policy for its driver-partners?

Ryde implements a 0% commission policy, allowing driver-partners to maximize and retain most of their earnings amid rising operational costs and inflationary pressures.

What are the 7 Driver Commitments framework components at Ryde (RYDE)?

Ryde's 7 Driver Commitments framework includes fair earnings, safety first, professional development, dedicated support, job flexibility, active engagement, and sustainability.

When was Ryde founded and what was its initial business model?

Ryde was founded in 2014 as the world's first on-demand, real-time carpooling app, and has since evolved into a super app offering ride-hailing and delivery services.

Where is Ryde (RYDE) stock listed?

Ryde Group Ltd is publicly listed on the NYSE American stock exchange under the ticker symbol RYDE.