Ryde Group Ltd (RYDE)

Ryde Introduces RydePET XL and Enhanced Pet Travel CategoriesMay 26, 2026 6:00 AM
ACCESS NewswireSINGAPORE, SG / ACCESS Newswire / May 26, 2026 / Ryde Group Ltd (NYSE American:RYDE) ("Ryde" or the "Company") , a leading technology platform for mobility and quick commerce in Singapore, is pleased to announce strategic enhancements to its RydePET service, including the phased rollout of RydePET XL and enhanced pet travel categories designed to improve marketplace efficiency, expand ride availability, and strengthen Ryde's position within Singapore's growing pet mobility segment. The latest enhancements introduce a premium 6-seater pet-friendly ride option alongside new pet travel classification and trip visibility features designed to improve matching accuracy, reduce cancellations, and enhance trip transparency for both riders and drivers. Key Strategic EnhancementsRydePET XL: A larger-format pet-friendly ride option designed for families, group travel, multi-pet scenarios, and riders seeking additional cabin space and comfort. RydePET XL expands Ryde's ability to serve higher-value ride segments while increasing utilization opportunities across larger vehicle categories.Improved Pet Travel Classification System: Riders can now specify pet type and travel method, including whether pets are travelling in carriers or on a leash, enabling more accurate matching across different pet travel scenarios.Expanded Pet Booking Options: Additional categories for dogs, cats and other small pets broaden accessibility while enabling more accurate rider-driver matching across a wider range of pet travel scenarios.Enhanced Driver Trip Visibility: Drivers receive upfront visibility of pet travel details prior to trip acceptance, improving transparency and helping drivers make more informed acceptance decisions. "The pet mobility segment continues to demonstrate strong long-term growth potential as pet ownership and consumer spending on pet-related services increase across Singapore," said James Tan, Chief Product Officer of Ryde. "These enhancements reflect a strategic investment in improving marketplace transparency, expanding ride options, and strengthening the overall reliability of the RydePET experience."James added, "We believe improved trip visibility and expanded vehicle accessibility will enhance supply participation, improve matching efficiency, and support higher-frequency pet mobility transactions across the Ryde ecosystem over time."The Company believes continued investment in marketplace optimization, service diversification, and technology-driven user experiences will further strengthen Ryde's long-term competitive positioning within Singapore's evolving mobility landscape. Ryde remains focused on executing strategic initiatives that support sustainable platform growth and long-term shareholder value creation.About Ryde Group LtdThe Ryde Group is listed on the New York Stock Exchange. Ryde was founded in Singapore in 2014, is a leading technology company transforming the way people and goods move around with its super mobility app. As the world's FIRST on-demand carpooling app, Ryde offers a full suite of services, including carpooling, private hire, taxi, and delivery. Committed to empowering our private-hire and taxi partners, we take 0% commission, ensuring that more of every hard-earned dollar goes to drivers on our platform. For more information, please visit https://rydesharing.com/Safe Harbor StatementThis press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement.ContactsFor Media Relations:Media Team
Ryde Group Ltd
Email: media@rydesharing.comFor Investor Relations:Investor Relations Team
Ryde Group Ltd
Email: investor@rydesharing.comSOURCE: Ryde GroupView the original press release on ACCESS NewswireOriginal: Ryde Introduces RydePET XL and Enhanced Pet Travel Categories

Ryde Appoints Chief Product Officer to Accelerate Platform Innovation and Marketplace GrowthMay 18, 2026 6:45 AM
ACCESS NewswireSINGAPORE, SG / ACCESS Newswire / May 18, 2026 / Ryde Group Ltd (NYSE American:RYDE) ("Ryde" or the "Company") a leading technology platform for mobility and quick commerce in Singapore, today announced the appointment of James Tan as Chief Product Officer ("CPO"). In this role, James will lead Ryde's end-to-end product strategy, platform optimisation, and product-led growth initiatives as the Company accelerates its next phase of development. A Proven Product Leader with Deep Platform KnowledgeJames brings over 12 years of experience in product management, design, and digital platform development, including more than 8 years at Ryde where he has been central to the Company's platform evolution. During his tenure, James has led cross-functional teams spanning engineering, operations, customer experience, marketing, and business development, consistently delivering measurable improvements in marketplace performance and user experience.Prior to his appointment as CPO, James earned his stripes as a core member of the team that built and scaled Ryde into Singapore's first ride-hailing company to list on the NYSE American - a milestone that reflects both the platform's maturity and the calibre of the team behind it. His track record includes driving over 70% growth in Ryde+ subscriptions within three months - one of the strongest subscription growth periods in the platform's history - through targeted improvements in user engagement, subscription optimisation, and platform experience.Strategic Product Priorities for the Next 12 MonthsUnder James's leadership, Ryde will execute a focused set of product initiatives targeting measurable gains in marketplace efficiency, driver retention, and rider experience:Smarter driver job allocation - Automated job matching to reduce average rider wait times, with phased rollout targeted from Q4 2026Enhanced marketplace matching - Machine learning-driven optimisation to improve successful ride match rates and reduce booking frictionDriver operational tools - Improved earnings visibility and platform tools to strengthen driver engagement and supply stabilityRider personalisation and loyalty - Targeted features to improve long-term retention and Ryde+ subscription adoptionPlatform analytics and intelligence - Expanded data capabilities to support operational decision-making and scalable growthRyde targets measurable improvement across ride match rates, average rider wait times, and platform engagement within 12 months, underpinned by these initiatives.Leadership Commentary"As Ryde continues to scale, product innovation and operational efficiency remain central to our long-term growth strategy," said Terence Zou, Founder, Chairman and CEO of Ryde. "James brings the product depth, operational understanding, and execution track record we need as we strengthen the platform for both drivers and riders. His appointment reflects our commitment to building a smarter, more efficient, and more accessible mobility ecosystem.""Product innovation is not about releasing features - it is about solving real operational challenges at scale," said James Tan, Chief Product Officer of Ryde. "Our focus is on building a more intelligent and seamless platform that improves marketplace performance while delivering a meaningfully better experience for drivers and riders alike."A Differentiated Model Built for Sustainable GrowthUnlike platform-centric competitors, Ryde operates on a driver-first, 0% commission model - a structural advantage that drives superior driver retention, supply stability, and long-term marketplace sustainability. James's appointment reinforces the Company's commitment to deepening this differentiation through continuous platform investment and operational excellence.About Ryde Group LtdRyde is a super mobility app founded in Singapore and recognised as the world's FIRST on-demand carpooling app since 2014. As a publicly listed company on the NYSE American, Ryde is reimagining the way people and goods move around by offering a full suite of services, including carpooling, private hire, taxi, and delivery. What distinguishes Ryde is its commitment to empowering private-hire and taxi partners by taking 0% commission, ensuring that drivers retain more of their hard-earned earnings. For more information, please visit https://rydesharing.com/.Safe Harbor StatementThis press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement.ContactsFor Media Relations
Media Team
Ryde Group Ltd
Email: media@rydesharing.comFor Investor Relations:
Investor Relations Team
Ryde Group Ltd
Email: investor@rydesharing.comSOURCE: Ryde GroupView the original press release on ACCESS NewswireOriginal: Ryde Appoints Chief Product Officer to Accelerate Platform Innovation and Marketplace Growth

Ryde is Back in Compliance With all of The NYSE American LLC Continued Listing StandardsMay 14, 2026 6:00 AM
ACCESS NewswireSINGAPORE, SG / ACCESS Newswire / May 14, 2026 / Ryde Group Ltd (NYSE American:RYDE) ("Ryde" or the "Company"), a leading technology platform for mobility and quick commerce headquartered in Singapore, today announced that the Company received a letter from the NYSE Regulation dated May 13, 2026, confirming that the Company is back in compliance with all of the NYSE American LLC continued listing standards set forth in Part 10 of the NYSE American Company Guide ("Company Guide"). Specifically, the Company has resolved the continued listing deficiency with respect to Section 1003(a)(ii) of the Company Guide referenced in the Exchange's letter dated May 21, 2025 since it demonstrated compliance with the continued listing standards for a period of two consecutive quarters pursuant to Section 1009(f) of the Company Guide.The below compliance (".BC") indicator will no longer be disseminated, and the Company will be removed from the list of NYSE American noncompliant issuers on the Exchange's website.The Company is pleased to maintain full compliance with the NYSE American LLC continued listing standards and appreciate the continued support of our investors and stakeholders, and remains committed to executing its long-term strategic of strengthening Ryde's position as an innovative mobility platform through technology innovation, ecosystem expansion, and sustainable business growth.About Ryde Group LtdRyde is a super mobility app founded in Singapore and recognised as the world's FIRST on-demand carpooling app since 2014. As a publicly listed company on the NYSE American, Ryde is reimagining the way people and goods move around by offering a full suite of services, including carpooling, private hire, taxi, and delivery. What distinguishes Ryde is its commitment to empowering private-hire and taxi partners by taking 0% commission, ensuring that drivers retain more of their hard-earned earnings. For more information, please visit https://rydesharing.com/.Safe Harbor StatementThis press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement.ContactsFor Media Relations:Media Team
Ryde Group Ltd
Email: media@rydesharing.comFor Investor Relations:Investor Relations Team
Ryde Group Ltd
Email: investor@rydesharing.comSOURCE: Ryde GroupView the original press release on ACCESS NewswireOriginal: Ryde is Back in Compliance With all of The NYSE American LLC Continued Listing Standards

Ryde Announces Results for First Quarter 2026May 6, 2026 6:00 AM
ACCESS NewswireSINGAPORE, SG / ACCESS Newswire / May 6, 2026 / Ryde Group Ltd (NYSE American:RYDE) ("Ryde" or the "Company"), a leading technology platform for mobility and quick commerce headquartered in Singapore, today announced its unaudited financial results for the first quarter ended March 31, 2026.Key Financial Highlights for First Quarter 2026:Revenue: The Company reported revenue of S$3.77 million (US$2.93 million), representing an increase from S$2.72 million (US$2.08 million) in the first quarter of 2025. This growth was primarily attributable to the expansion of both supply and demand on the platform, underpinned by stronger engagement from riders and driver-partners, as well as ongoing enhancements in operational and platform efficiency.
Adjusted EBITDA: The Company's adjusted EBITDA improved by 44%, with the adjusted EBITDA deficit narrowing to S$1.02 million (US$0.79 million) in the first quarter of 2026. This improvement reflects ongoing efforts to enhance operational efficiency, including disciplined optimisation of driver-partner incentives and rider-related costs. These initiatives have contributed to a more sustainable cost structure, strengthening the Company's pathway toward profitability while continuing to support value creation for both driver-partners and riders.
Shareholders' Equity: Shareholders' equity stood at S$31.12 million (US$24.14 million) as of March 31, 2026, reflecting the cumulative impact of multiple capital-raising initiatives successfully completed in September, October, and December 2025. These fund-raising activities strengthened the Company's balance sheet and provided additional financial flexibility to support ongoing growth and strategic initiatives.The first quarter of 2026 marked continued execution momentum for Ryde, as we advanced our strategic priorities with discipline. Revenue increased by 38% year-on-year to S$3.77 million (US$2.93 million), driven by sustained growth in ride volume and improving user engagement across our platform. At the same time, we reduced our adjusted EBITDA deficit by 44%, underscoring the impact of our ongoing cost optimization initiatives and operational efficiencies. Our differentiated zero-commission model and rider-first philosophy remain central to strengthening our ecosystem and deepening loyalty among both driver-partners and riders.Looking ahead, we are encouraged by the resilience of demand and the progress we have made in building a leaner and more scalable operating model. We remain committed to sustainable growth and to delivering long-term value for our stakeholders as we continue to evolve the Ryde platform.About Ryde Group LtdRyde is a super mobility app founded in Singapore and recognised as the world's FIRST on-demand carpooling app since 2014. As a publicly listed company on the NYSE American, Ryde is reimagining the way people and goods move around by offering a full suite of services, including carpooling, private hire, taxi, and delivery. What distinguishes Ryde is its commitment to empowering private-hire and taxi partners by taking 0% commission, ensuring that drivers retain more of their hard-earned earnings. For more information, please visit https://rydesharing.com/.Safe Harbor StatementThis press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement.ContactsFor Media Relations:
Media Team
Ryde Group Ltd
Email: media@rydesharing.comFor Investor Relations:
Investor Relations Team
Ryde Group Ltd
Email: investor@rydesharing.comUnaudited Financial InformationThe condensed consolidated statements of operations and comprehensive loss for the three months ended March 31, 2025 and 2026 are unaudited and have been derived from the Company's management accounts, which have not been reviewed or audited.The condensed consolidated balance sheet as of December 31, 2025, has been derived from the Company's audited financial statements for the financial year ended December 31, 2025. The condensed consolidated balance sheet as of March 31, 2026, is unaudited and has been derived from management accounts that have not been reviewed or audited.Certain amounts and percentages that appear in this document may not sum due to rounding.Convenience TranslationTranslations of balances in the condensed consolidated balance sheet as of March 31, 2026, and the condensed consolidated statements of operations and comprehensive loss from SGD into USD are solely for the convenience of the readers and are calculated at the rate of SGD1.00 = USD0.7756, representing the exchange rate set forth in the H.10 statistical release of the Federal Reserve Board on March 31, 2026. No representation is made that the SGD amounts could have been, or could be, converted, realized or settled into USD at such rate, or at any other rate.Non-US GAAP Financial MeasuresThis document includes references to non-US GAAP financial measures. Ryde uses these non-US GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons, and Ryde's management believes that these non-US GAAP financial measures provide meaningful supplemental information regarding its performance by excluding certain items that may not be indicative of its recurring core business operating results. However, there are a number of limitations related to the use of non-US GAAP financial measures, and as such, the presentation of these non-US GAAP financial measures should not be considered in isolation from, or as an alternative to, financial measures determined in accordance with US GAAP. In addition, these non-US GAAP financial measures may differ from non-US GAAP financial measures with comparable names used by other companies. See below for additional explanations about the non-US GAAP financial measures, including their definitions and a reconciliation of these measures to the most directly comparable US GAAP financial measures.Explanation of non-US GAAP financial measures:Adjusted EBITDA is a non-US GAAP financial measure calculated as net loss adjusted to exclude: (a) finance costs, (b) income tax expenses, (c) depreciation and amortization, (d) share-based compensation, and (e) impairment loss on goodwill.Adjusted EBITDA has limitations as a financial measure, should be considered as supplemental in nature, and is not meant as a substitute for the related financial information prepared in accordance with US GAAP. For a reconciliation of Adjusted EBITDA to the most directly comparable US GAAP measure, see the section titled "Reconciliation of Non-US GAAP Financial Measures".Reconciliation of Non-US GAAP Financial MeasuresTo supplement our financial information, we use the following non-US GAAP financial measures: Adjusted EBITDA. However, the definitions of our non-US GAAP financial measures may be different from those used by other companies, and therefore, may not be comparable. Furthermore, these non-US GAAP financial measures have certain limitations in that they do not include the impact of certain expenses that are reflected in our consolidated financial statements that are necessary to run our business. Thus, these non-US GAAP financial measures should be considered in addition to, not as substitutes for, or in isolation from, measures prepared in accordance with US GAAP. We compensate for these limitations by providing a reconciliation of these non-US GAAP financial measures to the related US GAAP financial measures. We encourage investors and others to review our financial information in its entirety, not to rely on any single financial measure and to view these non-US GAAP financial measures in conjunction with their respective related US GAAP financial measures.The following table provides reconciliations of Adjusted EBITDA. For the three months ended March 31, 2025 2026 2026 S$'000 S$'000 US$'000 Net loss (3,553) (2,073) (1,608)Depreciation and amortization expenses 150 160 124 Finance costs 2 1 1 Share-based compensation 1,564 891 691 Adjusted EBITDA (1,837) (1,021) (792)Unaudited Summary of Financial ResultsCondensed consolidated statements of operations and comprehensive loss For the three months ended March 31, 2025 2026 2026 S$'000 S$'000 US$'000 Revenue 2,717 3,772 2,926 Drivers and riders cost and related expenses (1,495) (2,466) (1,913)Total expenses, net (3,211) (2,488) (1,930)Operational loss (1,989) (1,182) (917)Share-based compensation (1,564) (891) (691)Loss before income taxes (3,553) (2,073) (1,608)Income tax expense - - - Net loss (3,553) (2,073) (1,608)Other comprehensive loss Foreign currency translation adjustment (722) (30) (23)Total other comprehensive loss (4,275) (2,103) (1,631)Less: Comprehensive loss attributable to non-controlling interest (2) 248 192 Comprehensive loss attributable to Ryde Group Ltd (4,273) (2,351) (1,823)Net loss per share attributable to ordinary shareholders Basic and diluted (0.15) (0.02) (0.01)Weighted average number of ordinary shares used in computing net loss per share Basic and diluted ('000) 28,700 121,715 121,715 Condensed consolidated balance sheets December 31,
2025 March 31,
2026 March 31,
2026 S$'000 S$'000 US$'000 Assets Current assets 35,687 40,323 31,275 Non-current assets 2,634 2,628 2,038 Total assets 38,321 42,951 33,313 Liabilities and shareholders' equity Liabilities Current liabilities 6,339 11,830 9,175 Non-current liabilities - - - Total liabilities 6,339 11,830 9,175 Shareholders' equity 31,982 31,121 24,138 Total liabilities and shareholders' equity 38,321 42,951 33,313 SOURCE: Ryde Group LtdView the original press release on ACCESS NewswireOriginal: Ryde Announces Results for First Quarter 2026

Ryde Signs Memorandum of Understanding with VinaTaxi to Explore Strategic Mobility Expansion in VietnamApril 29, 2026 7:15 AM
ACCESS NewswireSINGAPORE, SG / ACCESS Newswire / April 29, 2026 / Ryde Group Ltd (NYSE American:RYDE) ("Ryde" or the "Company"), a leading technology platform for mobility and quick commerce in Singapore, today announced its it has signed a Memorandum of Understanding ("MOU") with VinaTaxi, a licensed taxi operator in Vietnam, to explore potential strategic collaboration opportunities in Vietnam's fast-growing mobility and electric transport market.This milestone marks an important step in Ryde's regional expansion strategy and supports its continued efforts to evaluate scalable growth opportunities across Southeast Asia's emerging mobility ecosystems.Exploring Entry into Vietnam's High-Growth Mobility MarketUnder the MOU, Ryde and VinaTaxi will explore a potential collaboration framework to modernise and enhance mobility services in Vietnam. The discussions will focus on leveraging Ryde's proprietary ride-hailing technology and VinaTaxi's established operational fleet to assess opportunities across both four-wheel and two-wheel mobility segments.The areas of exploration include the potential deployment of Ryde's platform within VinaTaxi's existing taxi fleet, the development of an electric motorcycle ride-hailing ecosystem tailored to Vietnam's unique urban transport landscape, and the phased introduction of electric vehicles to support long-term sustainability objectives.Vietnam: A High-Potential and Structurally Attractive Mobility MarketVietnam represents one of Southeast Asia's most dynamic mobility markets, characterised by rapid urbanisation, strong reliance on motorcycle-based transportation, and increasing demand for digital mobility solutions. The government's ongoing focus on electrification and sustainable transport further reinforces the long-term potential of the sector.Through this collaboration, Ryde aims to assess the viability of its platform in a high-volume, fast-growing market while gaining early insight into consumer behaviour, regulatory dynamics, and operational scalability in Vietnam.Strategic Optionality Through Asset-Light ExplorationThe MOU supports Ryde's broader strategy of combining platform technology with selective market exploration to identify scalable growth opportunities across Asia. By working with an established local operator such as VinaTaxi, Ryde is able to evaluate market entry pathways in a capital-efficient and low-risk manner, while preserving full flexibility for future strategic decisions."Vietnam represents a highly attractive and fast-evolving mobility market, particularly in the areas of motorcycle and electric mobility," said a spokesperson for Ryde. "This MOU with VinaTaxi allows us to explore potential opportunities in a structured and disciplined manner, leveraging our technology platform while working with a strong local operator. Importantly, this is an exploratory step, and no capital commitment is required at this stage as we assess the market and potential long-term fit."Advancing Ryde's Regional Growth StrategyThis collaboration reflects Ryde's ongoing strategy to evaluate and expand into selected high-growth Asian markets through partnerships that combine technology, local operational expertise, and scalable mobility infrastructure. By engaging with established operators in key regional markets, Ryde aims to strengthen its platform network, enhance technology deployment opportunities, and build long-term optionality for sustainable regional growth.About Ryde Group LtdRyde is a super mobility app founded in Singapore and recognised as the world's FIRST on-demand carpooling app since 2014. As a publicly listed company on the NYSE American, Ryde is reimagining the way people and goods move around by offering a full suite of services, including carpooling, private hire, taxi, and delivery. What distinguishes Ryde is its commitment to empowering private-hire and taxi partners by taking 0% commission, ensuring that drivers retain more of their hard-earned earnings. For more information, please visit https://rydesharing.com/.Safe Harbor StatementThis press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement.ContactsFor Media Relations:Media Team
Ryde Group Ltd
Email: media@rydesharing.comFor Investor Relations:Investor Relations Team
Ryde Group Ltd
Email: investor@rydesharing.comSOURCE: Ryde GroupView the original press release on ACCESS NewswireOriginal: Ryde Signs Memorandum of Understanding with VinaTaxi to Explore Strategic Mobility Expansion in Vietnam

Ryde Advances Regional Expansion Strategy with Entry into Hong Kong Mobility MarketApril 14, 2026 6:18 AM
ACCESS NewswireSINGAPORE, SG / ACCESS Newswire / April 14, 2026 / Ryde Group Ltd (NYSE American:RYDE) ("Ryde" or the "Company"), a leading technology platform for mobility and quick commerce in Singapore, today announced its strategic expansion into the Hong Kong market. This milestone marks a significant step in Ryde's regional growth strategy and strengthens its position as a key player in Asia's evolving mobility landscape.Entry into Hong Kong with Scalable Mobility InfrastructureAs part of this expansion, Ryde will acquire up to 50 Hong Kong taxi licenses and deploy up to 50 electric vehicles ("EVs"). This initial rollout is intended to establish a capital-efficient and scalable operating base in one of Asia's most densely populated and high-demand mobility markets.By integrating licensed taxi operations with EV deployment, Ryde will introduce a differentiated, technology-enabled service offering aimed at improving driver economics, enhancing rider experience and supporting the transition toward lower-emission urban transportation.Expanding Geographic Footprint to Drive Revenue GrowthThe Company's entry into Hong Kong represents a strategic step in diversifying its geographic exposure and unlocking new revenue opportunities beyond its home market of Singapore. Leveraging its proprietary platform, established driver network model and operational expertise, Ryde is well-positioned to scale efficiently while adapting to local regulatory and market conditions. This expansion is expected to strengthen network effects, increase platform utilization and support more resilient, multi-market revenue streams over time.Positioned to Capture Demand in a High-Value Urban Mobility Market"Expanding into Hong Kong marks an important milestone in Ryde's growth journey," said James Tan, Chief Product Officer of Ryde. "We are entering a market with strong and consistent demand for mobility services, and a clear shift toward more efficient and sustainable solutions. Our focus is to establish a reliable operating base first, before scaling with discipline. This positions us to deliver long-term value to our shareholders."Advancing a Scalable, Asset-Enabled Growth StrategyThis expansion underscores Ryde's broader strategy of combining platform technology with targeted asset deployment to accelerate growth and strengthen its competitive positioning. By entering key gateway cities such as Hong Kong, the Company aims to build a scalable regional mobility ecosystem that delivers sustainable, long-term value for customers, drivers and investors.About Ryde Group LtdRyde is a super mobility app founded in Singapore and recognised as the world's FIRST on-demand carpooling app since 2014. As a publicly listed company on the NYSE American, Ryde is reimagining the way people and goods move around by offering a full suite of services, including carpooling, private hire, taxi, and delivery. What distinguishes Ryde is its commitment to empowering private-hire and taxi partners by taking 0% commission, ensuring that drivers retain more of their hard-earned earnings. For more information, please visit https://rydesharing.com/.Safe Harbor StatementThis press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement.ContactsFor Media Relations:Media Team
Ryde Group Ltd
Email: media@rydesharing.comFor Investor Relations:Investor Relations Team
Ryde Group Ltd
Email: investor@rydesharing.comSOURCE: Ryde GroupView the original press release on ACCESS NewswireOriginal: Ryde Advances Regional Expansion Strategy with Entry into Hong Kong Mobility Market

RYDE..................................https://stockcharts.com/sc3/ui/?s=RYDE&p=w&b=5&g=0&id=p86431144783

RYDE................https://stockcharts.com/sc3/ui/?s=RYDE&p=w&b=5&g=0&id=p86431144783

RYDE...........................https://stockcharts.com/sc3/ui/?s=RYDE&p=w&b=5&g=0&id=p86431144783

RYDE.................................https://stockcharts.com/sc3/ui/?s=RYDE&p=W&b=5&g=0&id=p86431144783