Boosting SG Mobility: ComfortDelGro Invests $5M
ComfortDelGro, a company that provides taxi services in Singapore, is getting more involved in helping new companies in the automotive industry.
Earlier this year, they supported a fund that focuses on improving transportation, and they also supported a company that recycles batteries.
ComfortDelGro recently gave Drive Lah US$2 million. Drive Lah is a car-sharing platform in Singapore.
ComfortDelGro was the main investor in Drive Lah’s newest funding round, where they raised a total of US$5 million.
A Powerful Mobility Combination
Funding details
Funding amount: US$5,000,000
Lead investors: ComfortDelGro
Stage: Strategic investment
The two companies want to work together on making cars smarter and easier to use. They will be working on things like helping cars talk to each other and finding the best way to get somewhere.
ComfortDelGro Australia will give Drive Mate 3,000 vehicles to use in Australia. It is not known if they will also do this in Singapore.
Drive Lah said that they will start working together in Sydney and Melbourne this quarter.
Future of Transportation With Great Investment
Drive Lah was started by Gaurav Singhal and Dirk-Jan ter Horst in 2019. It helps people in Singapore and Australia who own cars to make money by renting out their cars when they are not using them.
The company Drive Lah has said that it now has over 200,000 people who have signed up to use its service, and they have over 2,000 cars available to use.
They have also grown a lot since they first got money in 2020, but they didn’t say exactly how much they have grown.
Drive Lah raised money in 2021. They got $3.2 million from KFC Ventures to help them grow.
