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.
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