It was just yesterday we reported that there was more speculation on Singapore’s ride-hailing soap opera. Now, there’s finally confirmation on at least one thing: Local p2p carpooling start-up Ryde will be rolling out their new private-hire car service, RydeX, starting May 2.
This comes just less than a month after announcing their expansion plans to roll out this service, a move they call “a natural extension of its growing business” after Uber’s impending exit. According to a report, there are currently about 5,000 new drivers, most of whom were previously with Uber. They have plans in the pipeline to grow this numebr to 10,000 within the next three months, and it seems possible, especially since RydeX will only take a 10 percent cut (Grab takes 20 percent).
We’re well on our way to having more options to get around Singapore. However, you won’t be able to book a ride on demand in the initial roll out; you can only successfully get one if you book at least 10 minutes ahead. And in case you’re wondering, yes, there’ll be a surge when there is a high demand for rides.
More info on RydeX here.
