Ryde Group Ltd is a company providing a super mobility app offering ultimate convenience and reliability for their customers through multiple mobility tools that can be accessed and function seamlessly out of a single app. The company operates in the following segments such as being mobility where it provides on-demand and scheduled carpooling and ride-hailing services, matching riders to driver partners; and quick commerce where it provides on-demand, scheduled, and multi-stop parcel delivery services.

Ryde Group Ltd.

At Ryde, we believe in sustainable travelling. We’re here to make the daily commute better for all, while promoting a green and car-lite society. Being a technology company with mobility at the core of our business, we reimagine the way we move around - where communities are brought closer and travelling made sustainable.

Ryde started as a ride-sharing platform that matched drivers with riders going the same way to share a ride (RydePool), but we haven’t stopped there. We have established extended product services to include an e-payment platform (RydePay), taxi booking and insurance purchase. We continue to build features that benefit everyone.

Founded in September 2014, Ryde is currently available in Singapore and have presence in Malaysia, Hong Kong and Australia.

If you are an innovative individual with a passion for problem-solving and want to work where you are inspired to explore your curiosity, nurture your talents and make an impact, drop us a message!

Ryde

Last week, Ryde hosted #MakanwithRyde where we gave out free Nasi Lemak to our Driver-partners to show our appreciation for their hard work and dedication. Our Driver-partners are the driving force behind our community, providing our passengers with safe, reliable, and comfortable rides.

Our CEO and Founder, Terence Zou, led the Ryde team in distributing 150 packets of Nasi Lemak from the historic Kampong Glam Cafe to every Driver-partner who took the time to stop by. Our team met with both new and long-time Driver-partners, gathered invaluable feedback and exchanged ideas on potential improvements we could make to our services and app.

We would also like to thank our partners, Shell and Lumens Pte Ltd, for supporting us in this giveaway and extending exclusive offers to our Driver-partners.

Read more about it here: https://lnkd.in/gZv45ZQF
Watch the TikTok of our giveaway here: https://lnkd.in/gw3TXkfV

#driverpartners #drivercommunity #drivewithryde #carpool #ridehailing #community #csr

Imagine never having to deal with awkward small talk again with our new driverless cars... Just kidding! We'll stick to the human touch. Happy April Fool's Day! 🤪

Ready to experience the future of transportation? Our new driverless cars are here and ready to take you on a ride.

Book now on the Ryde app and see for yourself! 🚗🤖

#rydesg #driverlesscars #newlaunch

Receive $40 RydeCoins when you sign up and make your first deposit with moomoo SG! 

Simply sign up for an account, complete your verification and make your first deposit. Just like that, you’ll receive $40 RydeCoins!

Click here for more details: https://bit.ly/3ES2U3o

*Offer ends on 31 March 2023.

#ryde #rydesg #moomoo

On 9 March, Ryde's CEO and Founder, Terence Zou had the pleasure of speaking with the The University of Hong Kong Masters students about the future of transportation. We also shared with the students some of the unique features of our product that differentiate us from our competitors. Professor Hai Wang hosted the session at SMU, and he shared many insightful concepts, frameworks, and research on ride-hailing. It was an exciting opportunity to share our company's vision and to hear the insightful perspectives of the next generation of transportation leaders. We believe that by working together, we can create a more sustainable, efficient, and convenient transportation system for all. Thank you, HKU, for inviting us to this enlightening discussion. #ryde #transportation #futureleaders #sustainability #innovation #ridehailing #carpooling

Happy International Women's Day! 💜

Today, we celebrate the strength, resilience and achievements of women everywhere. At Ryde, we're lucky to have inspiring female driver-partners who are breaking barriers and driving change in the transportation industry.
Last week, we spoke with two amazing female drivers who shared their experience driving with us.

Read the full article here on our blog: https://bit.ly/3ZoIbgw

Check us out on TikTok @rydesg for 3-part bite-sized clips of the interview!

RydeSG TikTok Interview Part 1: https://lnkd.in/garzy_Vj
RydeSG TikTok Interview Part 2: https://lnkd.in/gkHi89fU
RydeSG TikTok Interview Part 3: https://lnkd.in/gAvCP3t6

#InternationalWomensDay #IWD2023 #RydeSG #WomenInTransportation 💪

Ryde has recently launched support for motorcyclists and walkers to become delivery partners for RydeSEND, our on-demand delivery service. 

Read more about how Ryde is bringing value to the community here: https://lnkd.in/gyNdtTne

Just last week, we held our annual Chinese New Year lunch some of our driver-partners where we also had the opportunity to engage in meaningful conversations with them. 

Read all about it on our site: https://lnkd.in/gGif3pyS

#driverpartners #drivercommunity #drivewithryde #chinesenewyear

	Jun '22	Dec '22	Jun '23	Dec '23	Jun '24
revenue	2.57M -	3.82M 48.58%	3.92M 2.54%	2.54M 35.01%	3.25M 27.66%
cost of revenue	3.71M -	3.46M 6.79%	3.60M 4.15%	8.45M 134.74%	9.75M 15.29%
gross profit	-1.14M -	359.76K 131.54%	313.54K 12.85%	-5.91M 1,984.92%	-6.50M 9.97%
selling and marketing expenses
general and administrative expenses
selling general and administrative expenses	868.03K -	1.90M 118.31%	2.75M 45.12%	381.51K 86.13%	3.25M 751.10%
research and development expenses
other expenses
cost and expenses	4.58M -	5.35M 16.93%	6.35M 18.65%	8.84M 39.12%	12.99M 47.06%
operating expenses	868.03K -	1.90M 118.31%	2.75M 45.12%	381.51K 86.13%	3.25M 751.10%
interest expense	68.12K -	75.40K 10.68%	38.91K 48.39%	291.87K 650.08%	55.67K 80.92%
ebitda	-1.91M -	-1.41M 26.18%	-2.30M 62.91%	-6.13M 166.30%	-9.81M 60.15%
operating income	-2.01M -	-1.54M 23.56%	-2.44M 58.70%	-6.29M 158.22%	-9.75M 54.91%
depreciation and amortization	95.23K -	122.79K 28.94%	135.44K 10.31%	163.71K 20.87%	183.36K 12.00%
total other income expenses net		-58.88K -	-556K 844.34%	-279.28K 49.77%	-306.59K 9.78%
income before tax	-2.01M -	-1.59M 20.58%	-2.99M 87.72%	-6.57M 119.58%	-10.05M 52.99%
income tax expense		-12.21K -	-22.45K 83.92%	-8.89K 60.39%	-259.82K 2,821.31%
net income	-1.99M -	-1.58M 20.60%	-2.97M 87.75%	-6.56M 120.94%	-10.04M 53.06%
weighted average shs out	19.11M -	19.11M 0%	19.11M 0%	19.11M 0%	16.58M 13.27%
weighted average shs out dil	19.11M -	19.11M 0%	19.11M 0%	19.11M 0%	16.58M 13.27%
eps	-0.10 -	-0.08 17.20%	-0.16 93.24%	-0.34 112.50%	-0.61 79.41%
epsdiluted	-0.10 -	-0.08 17.20%	-0.16 93.24%	-0.34 112.50%	-0.61 79.41%

RYDE

COM:RYDESHARING

RydeSharing Inc.

Last Close

0.41

22/11 21:00

Market Cap

8.31M

Beta: -

Volume Today

178.96K

Avg: -

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