Transport giant ComfortDelGro to expand car-sharing services in Australia and provide up to 3,000 vehicles.
ComfortDelGro (CDG), a major transport company, has announced a US$2 million (S$2.7 million) investment in Drive lah, a peer-to-peer car-sharing platform. This investment forms part of Drive lah’s US$5 million funding round, which will help expand the service in Australia and develop connected car technology.
The car-sharing service, which was founded in Singapore and extended into Australia in 2021, operates under the brand Drive mate. Currently, Drive mate has 500 vehicles and 5,000 active users. CDG will supply up to 3,000 vehicles for the platform’s operations in Sydney and Melbourne starting in the coming months. These vehicles will remain CDG’s property, and the rental revenue will be shared between CDG and Drive lah.
In Singapore, Drive lah operates with an exemption from the Land Transport Authority to match private car owners with renters, allowing individuals to rent out their vehicles under specific conditions. The platform boasts about 1,700 vehicles and serves 40,000 users.
The investment is part of CDG’s ongoing expansion in the automotive sector, including their recent involvement in the sale of electric commercial vehicles in Singapore.
