Ryde Group (RYDE) enters US$13.8M call option for up to 400 EVs
Rhea-AI Filing Summary
Ryde Group Ltd reported that on December 10, 2025 it entered into a Call Option Agreement with Guan Chao Holdings Limited and Singapore Electric Vehicles Pte. Ltd. The agreement grants Ryde Group an option, valid for six months from that date, to purchase up to 400 electric vehicles, including GAC Aion, Hyptec, and BYD models. Ryde Group will pay a refundable deposit of US$13.8 million, which will be applied toward any vehicles purchased under the option, with any unused amount to be returned in full at the end of the option period.
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FAQ
What agreement did Ryde Group Ltd (RYDE) announce in this 6-K?
How many electric vehicles can Ryde Group Ltd (RYDE) purchase under the option?
What deposit will Ryde Group Ltd (RYDE) pay for the electric vehicle option?
What is the duration of Ryde Group Ltd’s (RYDE) option to purchase electric vehicles?
Is the US$13.8 million deposit refundable to Ryde Group Ltd (RYDE)?
Did Ryde Group Ltd (RYDE) issue any additional communication about this option agreement?