Ryde Group

What Ryde Group does

Ryde Group Ltd is a Singapore-headquartered mobility and quick-commerce platform operating since 2014 as what it describes as the world's first real-time carpooling app. Listed on NYSE American under the ticker RYDE, the company operates through its operating subsidiary Ryde Technologies Pte. Ltd. and serves a primarily Singapore-based user base of urban consumers, private-hire/taxi/carpool driver-partners, and corporate clients. Its product portfolio spans ride-hailing tiers (RydeX, RydeXL, RydePOOL, RydeFLASH, RydeLUXE, RydeLUXE XL, RydeTAXI, RydeHIRE), pet-friendly options (RydePET, RydePET XL), on-demand multi-stop delivery (RydeSEND, RydeSEND for Merchants, RydeSEND for Business with API integrations), the Ryde+ subscription (S$19.99/month or S$49.99/quarter with unlimited cashback and lifestyle perks), the RydeSAFE accident-coverage program underwritten by Singlife, and the RydeCoins in-app wallet.

The platform is built on a proprietary technology stack comprising rider and driver mobile applications, a web merchant/business portal, a corporate platform at corporate.ryde.io, and a Go-ride marketplace backend integrating private-hire, taxi, carpool, pet, luxury, delivery, and subscription services. The stack integrates with Google Maps, OneMap, Land Transport Authority, OpenStreetMap, and HDB data, with Tencent Cloud powering a Weixin/WeChat Mini Program for simplified-Chinese bookings and RMB payments. Documented AI/ML features include planned ML-based marketplace matching and driver allocation (12-month roadmap led by the new Chief Product Officer), AI-powered carbon emissions tracking built with GO-GENIE, the Ryde Driver AI Bot for in-app support, and in-vehicle audio/video capture for safety analytics. The platform's multi-service scope is consolidated under a "7 Driver Commitments" framework built around a marketed 0% commission model for PHV and taxi drivers, with revenue instead generated from a tiered rider-side platform fee (S$1.05 / S$1.25 effective January 23, 2025) plus subscriptions, delivery fees, corporate contracts, cleaning/recovery fees, and RydeCoins top-ups. Management estimates a 15-20% FY2025 revenue uplift from the new platform fee structure.

Ryde's go-to-market combines direct-to-consumer app distribution (Apple App Store, Google Play, Universal Links) with sales-led enterprise acquisition for Ryde for Corporate and RydeSEND for Business, an API/WeChat Mini Program channel for Chinese visitors, and asset-light partnership-led geographic expansion into Hong Kong (announced April 2026 with up to 50 taxi licenses and 50 EVs) and Vietnam (VinaTaxi MOU April 2026). Since 2023 the company has raised more than US$20.1 million in disclosed equity capital across multiple public and private offerings, with Octava having been the controlling shareholder (70.8%) after its April 2023 investment and additional dilution occurring through subsequent raises. Ryde is pursuing regulatory standing in Singapore via a renewed three-year ride-hail/carpool license (December 2024) and an NPHVA MOU (February 2026) under the Platform Workers Act, and adopted a Digital Asset Treasury strategy in March 2026 allocating reserves into Bitcoin, Ethereum, and Solana. Headcount is reported at 11-50 employees, and the company regained full NYSE American continued-listing compliance in May 2026.

Name

Ryde Group

Legal name

Ryde Technologies Pte. Ltd.

Website

https://rydesharing.com

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

51–100 employees

Short description

Ryde Group is a Singapore-headquartered, NYSE American-listed mobility and quick-commerce platform offering ride-hailing, carpool, taxi, pet-friendly, delivery, and subscription services through a single consumer app, with expansion into Hong Kong and Vietnam.

Ownership category

akta.pro rank

Product category

On-demand ride-hailing and mobility platform

NAICS

Taxi and Ridesharing Services (485310)

SIC

Transportation Services (4700)

akta.pro primary industry

Ridepooling & Shared Rides (Dynamic Carpooling) (THAIAGAC)

Keywords

• Ride-hailing services
• Carpooling app
• On-demand delivery
• Corporate transport
• Mobility platform

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Driver service fee / commission: Per-transaction Service Fee charged to driver-partners under Terms of Service, capped at up to 20% of User Charges. Marketed as '0% Commission for PHV and Taxi Drivers' via platform-fee structure rather than commission.
2. Tiered platform fee on rider fares: Tiered fee structure effective January 23, 2025: S$1.05 for fares ≤ S$18 and S$1.25 for fares > S$18. Company estimates 15-20% revenue uplift in FY2025 from the new model, with proceeds reinvested in platform operations and ecosystem.
3. Ryde+ subscription (consumer): Recurring subscription for riders at S$19.99/month or S$49.99/quarter (inclusive of GST), purchased by credit/debit card with auto-renewal; unlocks unlimited cashback, priority matching and lifestyle perks.
4. RydeSEND on-demand delivery fees: Distance- and demand-based delivery fees for point-to-point and multi-stop (up to 6 destinations) consumer and merchant delivery, including API-integrated enterprise orders.
5. Ryde for Corporate (B2B billing & policy): Enterprise platform for managing employees' transportation expenses, policy controls, payments, reporting, and third-party expense-management integrations.
6. Cleaning / damage recovery fees: Up to S$200 rider cleaning fee per verified incident under the Vehicle Contamination Policy, recoverable by Ryde from the rider and remitted to the affected driver-partner.
7. RydeCoins wallet top-ups: Prepaid in-app wallet currency purchased via approved payment methods, valid for 6 months from last transaction, non-refundable and redeemable only for platform services.

Pricing tiers

Go-to-market motion4 records

Distribution channels9 records

Marketing channels10 records

Core offering

Ryde Group operates a single integrated mobility and quick-commerce platform in Singapore aggregating carpool (RydePOOL, RydeFLASH), private-hire (RydeX, RydeXL, RydeHIRE), taxi (RydeTAXI), pet-friendly (RydePET, RydePET XL), premium (RydeLUXE, RydeLUXE XL) and on-demand multi-stop delivery (RydeSEND) services, with a Ryde+ subscription and RydeSAFE insurance add-on. The platform connects independent driver-partners (paid under a 0% commission model with tiered rider-side platform fees) with consumer riders via mobile apps, with a parallel B2B stack (Ryde for Corporate, RydeSEND for Business) for enterprise clients.

Product overview

Ryde Group operates a single integrated mobility and quick-commerce platform comprising the Ryde consumer app, the Ryde Driver App, and a corporate/enterprise stack, with a modular suite of service types. The core platform offers ride-hailing (RydeX, RydeXL, RydeLUXE, RydeLUXE XL, RydePOOL, RydeFLASH, RydeTAXI, RydeHIRE), pet-friendly rides (RydePET, RydePET XL), on-demand delivery (RydeSEND, RydeSEND for Merchants, RydeSEND for Business), corporate transport (Ryde for Corporate), the Ryde+ subscription, the RydeSAFE insurance programme underwritten by Singlife, and the in-app RydeCoins wallet — all unified under the "7 Driver Commitments" driver-partner framework and a 0% commission model.

Differentiator

Problem solved

Functional benefit

Brands

• Ryde+: Subscription-based value plan offering unlimited cashback, priority matching, and lifestyle perks for riders
• RydePOOL
• RydeX
• RydeXL
• RydeFLASH
• RydeLUXE
• RydeLUXE XL
• RydePET
• RydePET XL
• RydeTAXI
• RydeSEND
• RydeSAFE

Products and services

• RydeX Private-hire ride-hailing service for up to 4 seats, providing on-demand and scheduled (up to 7 days in advance) point-to-point transport for individual consumers in Singapore.
• RydeXL Private-hire ride-hailing service for up to 6 seats for passengers needing more space; bookable on-demand or up to 7 days in advance through the Ryde app.
• RydePOOL Singapore's first real-time carpooling service, offering single-seat shared rides focused on sustainability, cost savings, and reducing traffic congestion.
• RydeFLASH Per-seat ride-hailing offering designed to get riders matched quicker by paying per seat rather than booking a whole vehicle.
• RydeLUXE Premium ride-hailing service for up to 4 passengers positioned for higher-end, comfort-oriented trips.
• RydeLUXE XL Premium 6-seater ride-hailing option extending the RydeLUXE premium positioning to larger groups.
• RydeTAXI Taxi ride-hailing service priced based on standard metered taxi fares, enabling licensed taxi drivers in Singapore to fulfil Ryde bookings.
• RydePET Pet-friendly ride-hailing option for up to 3 seats (excluding pets), catering to common household pets such as dogs, cats, rabbits, turtles, hamsters, caged birds, and fish.
• RydePET XL Pet-friendly ride option for up to 5 seats (excluding pets), with phased rollout as a premium 6-seater variant including improved pet travel classification and enhanced driver trip visibility features.
• RydeSEND On-demand point-to-point delivery service for personal or business needs, supporting up to 6 destinations in a single trip with multi-stop, real-time tracking and route optimization via in-house algorithms; eligible items up to 40cm x 30cm x 30cm and 8 kg.
• RydeSEND for Business B2B extension of RydeSEND with monthly business statements, account management, multi-user team management, multiple-stop optimization, and API integrations for automated order placement and delivery-partner matching for SMB merchants and enterprises.
• Ryde for Corporate Enterprise solution that manages billing and tracking of Ryde transactions within a company, supporting policy setting, group management, reporting insights and third-party expense reimbursement system integrations for corporate clients.
• Ryde+ Subscription plan priced at S$19.99/month or S$49.99/quarter that provides unlimited cashback on every trip (excluding RydeTAXI), priority matching, and access to exclusive lifestyle perks from F&B, retail and lifestyle partner brands.
• RydeSAFE Complimentary opt-in ride cover featuring Group Personal Accident insurance underwritten by Singapore Life Ltd (Singlife), including S$15,000 accidental death cover, S$1,000 accidental medical reimbursement, total and permanent disability coverage, S$20 RydeCoins emergency assistance, and a cancellation fee waiver guarantee.
• Ryde Driver App Dedicated mobile app for driver-partners supporting carpool, private-hire and taxi trip categories, profile verification, instant cashout, real-time chat support via RydeHELP, Ryde Driver AI Bot, trip acceptance, ratings and bonus incentive tracking.

Quantifiable outcome

• More than 70% growth in Ryde+ subscriptions within three months (during James Tan's prior tenure)
• +5 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability5 records

Feature7 records

Partnerships

17 partnerships are on record, tiered core and minor.

• HelloRidecoreStrategic or Co-development Partner · 19 June 2026Co-branded bicycle activation in Singapore deploying ~250 specially designed bicycles featuring Ryde's signature pink branding across key islandwide locations, rolling out from 19 June 2026. Riders who share their experience on Instagram receive a S$10 Ryde voucher. Builds on an earlier October 2025 first/last-mile mobility perks partnership announced between the two mobility companies.
• Doctor AnywhereminorGTM or Marketing Partner · 1 June 2026Listed Ryde+ lifestyle perk partner offering From $22.25 nett GP Video Consultations and $109.90 nett Mental Wellness Video Consults to Ryde+ subscribers.
• ZUS COFFEEminorGTM or Marketing Partner · 1 June 2026Listed Ryde+ lifestyle perk partner offering 10% OFF handcrafted drinks to Ryde+ subscribers.
• Mount Faber LeisureminorGTM or Marketing Partner · 1 June 2026Listed Ryde+ lifestyle perk partner offering up to 30% OFF Singapore Cable Car, Wings of Time Fireworks Symphony bundles and more to Ryde+ subscribers.
• Just CakesminorGTM or Marketing Partner · 1 June 2026Listed Ryde+ lifestyle perk partner offering 10% OFF on online orders to Ryde+ subscribers.
• Balance BrewminorGTM or Marketing Partner · 1 June 2026Listed Ryde+ lifestyle perk partner offering brain-booster promotions to Ryde+ subscribers.
• SG Pub CrawlminorGTM or Marketing Partner · 1 June 2026Listed Ryde+ lifestyle perk partner offering 15% OFF any checkout via website to Ryde+ subscribers.
• Pinch BakehouseminorGTM or Marketing Partner · 1 June 2026Listed Ryde+ lifestyle perk partner offering 10% OFF any purchase to Ryde+ subscribers.
• Bob the Baker BoyminorGTM or Marketing Partner · 1 June 2026Listed Ryde+ lifestyle perk partner available to Ryde+ subscribers.
• VinaTaxicoreStrategic or Co-development Partner · 30 April 2026MOU signed April 30, 2026 to explore a strategic partnership in Vietnam's mobility and electric transport market. Plans to combine Ryde's ride-hailing technology with VinaTaxi's taxi fleet, deploy an electric motorcycle ride-hailing ecosystem, and gradually introduce EVs. Asset-light, exploratory with no capital commitment at this stage.
• National Private Hire Vehicles Association (NPHVA)coreOthers · 10 February 2026MOU signed February 10, 2026 to officially recognize NPHVA as the representative body for Ryde's driver-partners under Singapore's Platform Workers Act. Establishes a framework for ongoing dialogue on earnings, working conditions and dispute resolution, with intent to build toward longer-term collaborative agreements.
• GO-GENIEcoreTechnology or Integration · 16 December 2025Expansion of strategic partnership (building on a January 2025 pilot) to introduce AI-powered carbon emissions tracking and optimize delivery operations for gig workers in Singapore. Enables private-hire drivers to access additional earning opportunities while GO-GENIE gains expanded fleet capacity through Ryde's driver community; supports compliance with Singapore's platform worker regulations.
• Tencent CloudcoreTechnology or Integration · 18 November 2025Tencent Cloud expanded its strategic partnership with Ryde to launch a new Weixin/WeChat Mini Program in Singapore that improves mobility and tourism for Chinese visitors, supporting simplified Chinese UI and RMB payments.
• Concorde International Group LtdcoreStrategic or Co-development Partner · 13 August 2025Strategic partnership enabling Ryde driver-partners to take on short-term, on-demand assignments in facilities management and security sectors. Concorde plans to onboard up to 5,000 Ryde driver-partners over time, with operations scheduled to launch in October 2025 after training and tech integration.
• Singapore Life Ltd (Singlife)coreOEM/ Whitelabel/ Licensing Partner · 1 July 2024Singlife underwrites the Group Personal Accident insurance coverage for RydeSAFE riders in Singapore (S$15,000 accidental death, S$1,000 accidental medical expense reimbursement, total and permanent disability). Ryde Technologies Pte Ltd is the master policy owner; cover SDIC-protected up to specified limits.
• Mobile-health Network Solutions (MaNaDr)minorGTM or Marketing Partner · 1 June 2024Partnership announced in June 2024 to provide telemedicine access to driver-partners and their families in Singapore via Mobile-health Network Solutions' platform.
• FairPriceminorGTM or Marketing Partner · 1 August 2023Listed on rydesharing.com home page as a Ryde+ lifestyle partner brand (among Beyond Fruit, Hush, Ceramique, House of Rep Counters, G2000, deelish, Hook Coffee, Sarnies, Zumvet, Flower Advisor, Crafune, Doctor Anywhere, Le Vyr, Chimichanga, Chimi's).

Scale indicators13 records

Recent moves8 records

Expansion highlights8 records

Broad incumbents

• Grab Holdings: Dominant Southeast Asia super-app offering ride-hailing, carpooling, food/package delivery, and corporate transport. Competes with Ryde across nearly every service line in Singapore, but operates at vastly larger scale and is a multi-country platform.
• ComfortDelGro: Singapore-listed land transport conglomerate operating the largest taxi fleet in Singapore (Comfort, CityCab, Zig) and ride-hailing app. Overlaps with RydeX, RydeTAXI, and corporate transport categories in Singapore.
• Gojek: Indonesia-origin super-app for ride-hailing, delivery, and logistics, now part of the Grab group. Overlaps with Ryde's mobility + delivery (RydeSEND) model across Southeast Asia, but at multi-country scale.
• Uber Technologies: Global ride-hailing and delivery super-app. Compares on business model (commission + take rate, ML matching, corporate platform) and on multi-product bundling (ride, delivery, subscription) but is many orders of magnitude larger and operates in a different geography.
• Lyft: US-focused ride-hailing and delivery platform. Compares to Ryde on business model (driver commission, subscription, ML matching, corporate accounts) and on the operational challenges of competing in concentrated urban markets against a dominant incumbent.
• Bolt Technology: European ride-hailing and food/grocery delivery platform with 0% commission positioning for drivers in some markets. Direct strategic parallel to Ryde's 0% driver commission differentiation and asset-light model.
• DiDi Global: Chinese-origin global ride-hailing platform with operations across Latin America, Japan, and Australia. Compares to Ryde on cross-border mobility ambitions and on a multi-service ride + corporate platform stack.
• Careem: MENA super-app for ride-hailing, delivery, and payments (a Uber subsidiary). Comparable on multi-service ride + delivery model, subscription/cashback mechanics, and asset-light geographic expansion via local partnerships.

Direct peers

• Tada: Singapore-anchored ride-hailing platform spun out of the former Uber/Grab Korean joint venture. Closest direct competitor in Singapore on private-hire and taxi booking; comparable in scale, app-led, and Singapore-focused.
• Lalamove: Hong Kong-headquartered on-demand delivery and courier platform with strong Southeast Asia presence. Closest direct peer to RydeSEND and RydeSEND for Business on multi-stop, van-based B2B and B2C last-mile delivery.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/playlist?list=PLKJFadOGeCLa3Moit3TvCJA07uiFDuVRX
• Facebookfacebook.com/rydesg
• Instagraminstagram.com/ryde_sg
• Xx.com/rydesharing
• LinkedInlinkedin.com/company/ryde-technologies

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds10 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ryde Group