Ryde Bets Big on EVs: Acquires 40% Stake in Atoll to Expand EV Footprint in Singapore

  • SINGAPORE, SG / ACCESS Newswire / June 18, 2025 / Ryde Group Ltd (NYSE American:RYDE) ("Ryde'' or the "Company"), a technology company with a leading platform for mobility and quick commerce in Singapore, today announced the acquisition of a strategic 40% shareholding in Atoll Discovery Pte Ltd ("Atoll"), a Singapore-based electric vehicle (EV) rental company. This investment marks a significant milestone in Ryde's commitment to sustainable urban transportation and positions the Company to capitalize on the growing EV market in Singapore.