Ethoz Group

What Ethoz Group does

ETHOZ Group Ltd (formerly Orient Car Leasing Pte Ltd) is a Singapore-incorporated, privately-held integrated mobility and financial solutions provider founded on 25 September 1981. Since June 2022 it has been a wholly-owned subsidiary of Tan Chong International, an Asia-Pacific automotive, property and distribution conglomerate with operations in 11 markets. ETHOZ operates across Singapore, China, and Malaysia through eight offices, serving corporates, SMEs, individual drivers, and healthcare professionals via four business segments: Mobility Solutions (passenger and commercial vehicle rental with in-house workshop, chauffeured services, and Mercedes-Benz servicing); Financial Solutions (equipment leasing, hire purchase, corporate term loans, Enterprise Singapore Loans, secured business term loans, and specialized Doctor's and Dentist's loan programs); Equipment Rental (Mobile Elevating Work Platforms including scissor and boom lifts, plus Material Handling Equipment such as forklifts); and Solar Energy (rooftop PV delivered through 5–7 year lease financing or 10-year Power Purchase Agreements). The company's China solar business alone covers 300+ live contracts with cumulative 300MWP generated capacity, and it operates an EV Rental Flexi Plan (launched November 2025) to help Singapore drivers trial electric vehicles such as the smart#1 before longer-term commitment.

The underlying technology is operational and asset-based rather than software-platform oriented: a managed vehicle fleet spanning sedans (Toyota Corolla Altis, Hyundai Avante), SUVs (Honda Vezel/HR-V, Hyundai Kona), and MPVs (Toyota Sienta, Honda Freed); a purpose-built headquarters at Bukit Batok Crescent (acquired 2005) housing the in-house workshop and Mercedes servicing center; solar PV installations on customer rooftops under PPA or lease; and equipment fleets of MEWP and MHE units. Proprietary commercial features include the 10-year Solar PPA (system installed, operated, and maintained by ETHOZ with electricity sold below retail rates and ownership transferred at contract end), 5–7 year PV lease financing with bundled EV charging, and the F.A.S.T (Fast Application, Simple Steps, Trusted) loan origination workflow. Regulatory compliance includes Singapore PDPA 2012 personal-data handling.

Revenue is generated through subscription- and recurring fee-based streams: monthly all-inclusive rental fees covering insurance, maintenance, servicing, and 24/7 breakdown support for vehicles; short- and long-term rental and lease income for MEWP and MHE equipment; interest income and financing fees on term loans, hire purchase, and Enterprise Singapore loans; and electricity sales and lease payments from solar PV customers under multi-year agreements. Pricing is predominantly quote-based, with multi-year contractual structures in equipment leasing and solar PPAs and pay-as-you-go or monthly billing in rentals. Distribution is relationship-driven — six dedicated phone hotlines per service line, assigned personal relationship managers for enterprise clients, website enquiry forms, and inside-sales outreach — supported by a content marketing function (LinkedIn, Facebook, Instagram, YouTube, blog articles) and CSR activity for brand-building. Named customers span DHL (electric commercial vehicle fleet), a foreign embassy (chauffeured services), and a broad base of SMEs and individuals across healthcare (GP doctors), engineering (geotechnical), logistics (frozen food delivery), and creative/cleaning services.

Name

Ethoz Group

Legal name

ETHOZ Group Ltd

Website

https://ethozgroup.com

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

251–500 employees

Short description

ETHOZ Group is a Singapore-based, Tan Chong International-owned integrated mobility and financial solutions provider offering vehicle rental, equipment leasing, corporate financing, and solar energy services across Singapore, China, and Malaysia for corporates, SMEs, and individuals.

Ownership category

akta.pro rank

Product category

Integrated Mobility and Financial Solutions

NAICS

Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing (53212), Commercial and Industrial Machinery and Equipment Rental and Leasing (5324)

SIC

Services-Auto Rental & Leasing (No Drivers) (7510), Transportation Services (4700)

akta.pro primary industry

Passenger Vehicle Leasing & Long-Term Rental (Cars/SUVs) (TLABAHAA)

akta.pro secondary industries

Corporate Mobility & Car Sharing / Pool Fleet Management (TLABAHAO), Fleet Insurance, Risk & Accident Management (Claims, Loss Control) (TLABAHAM), Business Travel Car Rental (TMC/OBT Integrated) (THADAOAC)

Keywords

• Vehicle leasing services
• Commercial vehicle rental
• Equipment leasing solutions
• Corporate financing services
• Solar energy leasing

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Vehicle Rental: Long-term and short-term rental of passenger cars and commercial vehicles. Revenue generated through monthly rental fees that typically include insurance, maintenance, servicing, and 24/7 breakdown support. Services include Passenger Car Rental, Commercial Vehicle Rental, Chauffeured Service, and Mercedes Car Servicing.
2. Equipment Leasing and Rental: Rental and leasing of Mobile Elevating Work Platform (MEWP) including Scissor Lift and Boom Lift, and Material Handling Equipment (MHE) such as Forklifts and Reach Trucks. Revenue from short-term and long-term rental contracts with flexible durations from days to months or years.
3. Financial Solutions: Corporate financing services including Equipment Leasing, Hire Purchase, Corporate Term Loans, Enterprise Singapore Loans, Secured Business Term Loans, and Working Capital Loans. Revenue from interest income and financing fees.
4. Solar Energy Solutions: Solar PV leasing and Power Purchase Agreement (PPA) services for commercial and industrial properties. Revenue from solar lease payments and electricity sales under PPA contracts over 10-year terms.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

ETHOZ Group is an integrated mobility and financial solutions provider offering passenger and commercial vehicle rental, chauffeured services, Mercedes-Benz servicing, equipment leasing and rental (MEWP and MHE), corporate term loans, hire purchase, Enterprise Singapore-backed loans, and solar PV leasing and Power Purchase Agreements. Established in 1981 and operating in Singapore, China, and Malaysia, the company serves corporate clients, SMEs, healthcare professionals, and individual drivers through four main service segments: Mobility Solutions, Financial Solutions, Equipment Rental, and Solar Energy.

Product overview

ETHOZ Group is an integrated mobility and financial solutions provider offering a diversified portfolio of services. The company operates four main business segments: (1) Mobility Solutions encompassing passenger car rental, commercial vehicle rental, chauffeured services, and Mercedes car servicing; (2) Financial Solutions including equipment leasing, hire purchase, corporate term loans, Enterprise Singapore Loans, and specialized professional loan programs for doctors and dentists; (3) Equipment Rental providing MEWP (scissor lifts, boom lifts) and MHE (forklifts, reach trucks) for short and long-term projects; and (4) Solar Energy solutions through PV lease financing and Power Purchase Agreements. The company also offers an EV Rental Flexi Plan for flexible electric vehicle experiences. Established in 1981, ETHOZ is a wholly-owned subsidiary of Tan Chong International and operates across Singapore, China, and Malaysia.

Differentiator

Problem solved

Functional benefit

Products and services

• Passenger Car Rental Long-term and short-term rental of passenger cars (sedans, SUVs, MPVs) for individuals and corporate clients. All-inclusive monthly fees cover insurance, maintenance, servicing, and 24/7 breakdown support.
• Commercial Vehicle Rental Customisable commercial vehicle rental solutions for business operations, providing vans and trucks for logistics, delivery, and fleet needs.
• Chauffeured Service

Quantifiable outcome

• 65% savings in annual running costs by replacing ICE vehicles with EVs (based on LTA average commercial vehicle mileage of 40,000km/year)
• +1 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators5 records

Recent moves12 records

Expansion highlights5 records

Broad incumbents

• Sunrun: US residential solar PPA and lease provider. Business model is highly comparable to ETHOZ Solar's Power Purchase Agreement structure (ETHOZ installs, owns, operates; customer buys electricity), though Sunrun operates at residential scale versus ETHOZ's commercial/industrial focus.
• United Rentals: Largest equipment rental company in the world, offering aerial work platforms, material handling, and specialty equipment. Provides a global scale benchmark for ETHOZ's equipment rental segment in terms of operational model and customer engagement.
• Toyota Financial Services: Captive finance arm of Toyota providing vehicle leasing, financing, and insurance globally. Comparable to ETHOZ's hire purchase and corporate vehicle financing business, especially given the Tan Chong International relationship as a Toyota distributor in Asia.
• Hyundai Capital: Captive auto finance and leasing provider for Hyundai and Kia vehicles, operating across multiple Asian markets. Directly comparable to ETHOZ's commercial vehicle financing and hire purchase offerings within the Singapore SME and corporate segment.
• Sixt SE: German-based global car rental and leasing company with significant corporate and individual rental operations. Comparable to ETHOZ in passenger vehicle rental and fleet management, though Sixt is much larger and operates a different global footprint.
• Hertz Global Holdings: Global car rental company serving both corporate and consumer segments across multiple geographies. Comparable to ETHOZ's passenger car rental and chauffeured services business, though operating at vastly larger scale and with a different geographic mix.

Direct peers

• Herc Rentals: US-listed equipment rental company specializing in aerial work platforms, material handling, and industrial equipment. Comparable to ETHOZ's MEWP (scissor lifts, boom lifts) and MHE (forklifts, reach trucks) rental business, particularly the Equipment Rental segment.
• ALD Automotive (Ayvens): Global corporate fleet leasing and mobility provider formed by the merger of ALD Automotive and LeasePlan. Operates long-term vehicle leasing, fleet management, and integrated mobility solutions directly comparable to ETHOZ's core passenger and commercial vehicle rental business.

Regional players

• ComfortDelGro Corporation: Singapore-listed transportation conglomerate with vehicle leasing, rental, and chauffeur services in Singapore and across Asia. Closest regional direct comparable to ETHOZ given shared Singapore base, automotive leasing heritage, and chauffeured services business.

Others

• DBS Bank (Auto Finance): Singapore's largest bank offering vehicle financing, hire purchase, and SME term loans. Competes with ETHOZ's Financial Solutions arm (Corporate Term Loans, Hire Purchase, Enterprise Singapore Loans) for the same SME customer base in Singapore.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@ethozgroup8073
• Facebookfacebook.com/ETHOZgroup
• LinkedInlinkedin.com/company/ethoz-group
• Instagraminstagram.com/ethozgroup
• Xx.com/ETHOZgroup

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Ethoz Group