Ryde Strengthens Direct Engagement with Driver-Partners Through "Ask My CEO a Question" Initiative

Rhea-AI Summary

Ryde Group (NYSE:RYDE) has launched 'Ask My CEO a Question,' a new initiative enabling direct communication between driver-partners and CEO Terence Zou. This program allows Private-Hire, Taxi, Carpool, and Delivery Driver-Partners to submit questions and feedback directly to leadership through a dedicated Q&A form.

The initiative is part of Ryde's 7 Driver Commitments and extends the company's existing 'Connect with Terence Zou: Your Questions' program. A key differentiator highlighted in the announcement is Ryde's 0% commission model, which allows drivers to retain most of their earnings, promoting a more sustainable and rewarding environment for driver-partners.

The company positions this initiative as part of its driver-partner first philosophy, aiming to create a more transparent and collaborative ecosystem in the ride-hailing industry.

Positive

• 0% commission model maximizes driver earnings
• Direct communication channel with CEO strengthens driver relations

Negative

• None.

SINGAPORE / ACCESS Newswire / March 7, 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, is reinforcing its commitment to transparency, open communication, and driver-partner support with the launch of its latest initiative, Ask My CEO a Question. This direct engagement platform allows Ryde's Private-Hire, Taxi, Carpool, and Delivery Driver-Partners to ask Ryde's Founder, Chairman & CEO, Terence Zou, anything about the company, share feedback and voice their genuine concerns.

As part of Ryde's 7 Driver Commitments, this initiative is designed to foster meaningful conversations between the company and its driver-partners. By providing a direct and open Q&A platform, Ryde aims to ensure that drivers feel heard, valued, and empowered.

How Does this Work
Through a dedicated Q&A form, driver-partners can submit their questions directly to Ryde's Founder, Chairman & CEO, Terence Zou. The Ryde team will verify all submissions to ensure that genuine queries receive direct responses, reinforcing the company's dedication to meaningful engagement and transparency with its key stakeholders, the driver-partners.

Why This Initiative
The Ask My CEO a Question initiative builds upon the foundation of Connect with Terence Zou: Your Questions, a longstanding effort where Ryde's Founder, Chairman & CEO, Terence Zou directly engages with entrepreneurs, business owners, and students seeking guidance. By extending this approach to Ryde's driver-partner community, the company is reaffirming its driver-partner first philosophy and commitment to fostering a true partnership with its driver-partners.

0% Commission | 100% Support
Unlike traditional ride-hailing platforms, Ryde continues to lead the industry with its 0% commission model- ensuring that drivers retain most of their earnings. By eliminating commission fees, Ryde is making driving more sustainable and rewarding for its driver-partners while enhancing the overall ride-hailing experience for riders, thereby building a fair ecosystem for all.

A Transparent & Collaborative Future
This initiative underscores Ryde's commitment to a community-driven ride-hailing ecosystem. By actively listening to its driver-partners and implementing meaningful changes, Ryde is creating a sustainable, driver-partner first future-setting a new industry standard for fairness and transparency.

"For years, I have been engaging directly with entrepreneurs, business owners and students through ‘Connect with Terence Zou: Your Questions'. Now, I want to bring that same open transparent dialogue process with our driver-partners. ‘Ask My CEO a Question' is our commitment to transparency and direct engagement, ensuring our driver-partners feel heard, valued, and supported at all times. By fostering honest conversations, we are building a fairer, sustainable ecosystem together." shared Terence Zou, Founder, Chairman & CEO of Ryde Group.

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 'Ask My CEO a Question' initiative and how does it work?

It's a direct Q&A platform where Ryde's driver-partners can submit questions to CEO Terence Zou through a dedicated form. All submissions are verified to ensure genuine queries receive direct responses.

How does RYDE's 0% commission model benefit drivers?

RYDE's 0% commission model allows drivers to retain most of their earnings, making driving more sustainable and rewarding compared to traditional ride-hailing platforms.

Which driver categories can participate in RYDE's new Q&A initiative?

Private-Hire, Taxi, Carpool, and Delivery Driver-Partners can all participate in the Ask My CEO program.

How does RYDE's new initiative differ from their existing 'Connect with Terence Zou' program?

While 'Connect with Terence Zou' was focused on entrepreneurs, business owners, and students, the new initiative specifically targets RYDE's driver-partner community.