Ryde Bets Big on EVs: Acquires 40% Stake in Atoll to Expand EV Footprint in Singapore
1. Ryde acquired 40% of Atoll, enhancing its EV portfolio and sustainability efforts. 2. Singapore's EV market is projected to reach $564 million by 2030. 3. Ryde's investment aligns with government plans for a low-emission transport ecosystem. 4. Collaboration with Atoll supports deeper EV integration within Ryde's services. 5. The acquisition positions Ryde for future regional expansion in green mobility.