Ryde Group Ltd (NYSE American:RYDE) (“Ryde” or the “Company”), a leading technology platform for mobility and quick commerce in Singapore, today announced the signing of a Memorandum of Understanding (MOU) with HelloRide, one of the world’s largest platform to explore a strategic partnership that connects first-/last-mile cycling with on-demand rides, creating a more seamless, greener, and more affordable urban commute in Singapore.
Under the MOU, both companies will pilot reciprocal promotions and product integrations designed to lower door-to-door travel costs and reduce switching friction for users. As part of the collaboration, HelloRide will launch a new ‘HelloRyde’ pass priced at S$22.90. The pass includes a 30-day unlimited HelloRide pass and S$20 in RydeCoins, which can be redeemed to pay for trips booked through Ryde in Singapore. Additional co-marketing, in-app placements, and product experiments are contemplated in subsequent phases.
“This collaboration aligns with our mission to make everyday travel simpler and fairer,” said Mike Liu, Business Development Manager of Ryde. “By pairing micromobility for short hops with ride-hailing for longer legs, commuters can save money, shave minutes off total journey time, and reduce their carbon footprint.”
Hayden Choo, Managing Director of HelloRide, said: “We’re excited to work with Ryde to bring a truly multimodal experience to users in Singapore. Our combined strengths make end-to-end urban trips more flexible and cost-effective, especially for first- and last-mile connections.”
