Non-profit carpooling service Ryde has entered the Singaporean mobility market with the aim of easing the country’s growing traffic troubles.
It aims to do so through a mixture of digital innovation, an unorthodox business model and the creation of a new commuter community.
Ryde operates under a non-profit business model, which means it takes little-to-no commission from its users. In Singapore, it takes a 9% commission per ride and in Malaysian the company takes no commission at all.
This means that users looking for a ride will almost exclusively pay what it costs to share the actual ride that they are on in the form of petrol and eventual road tolls with the driver and other passengers.
So far, Ryde has collected 25,000 drivers in four years, and is expecting to reach 50,000 by the end of 2019.
