SINGAPORE, SG / ACCESS Newswire / April 14, 2026 / Ryde Group Ltd (NYSE:RYDE) (&#34;Ryde&#34; or the &#34;Company&#34;), a leading technology platform for mobility and quick commerce in Singapore, today announced its strategic expansion

<p><strong id="dateline">SINGAPORE, SG / <a href='https://www.accessnewswire.com/'>ACCESS Newswire</a> / April 14, 2026 / </strong><strong>Ryde Group Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/RYDE">RYDE</a>) ("Ryde" or the "Company"),</strong> a leading technology platform for mobility and quick commerce in Singapore, today announced its strategic expansion into the Hong Kong market. This milestone marks a significant step in Ryde's regional growth strategy and strengthens its position as a key player in Asia's evolving mobility landscape.</p><p><strong>Entry into Hong Kong with Scalable Mobility Infrastructure</strong></p><p>As part of this expansion, Ryde will acquire up to 50 Hong Kong taxi licenses and deploy up to 50 electric vehicles ("EVs"). This initial rollout is intended to establish a capital-efficient and scalable operating base in one of Asia's most densely populated and high-demand mobility markets.</p><p>By integrating licensed taxi operations with EV deployment, Ryde will introduce a differentiated, technology-enabled service offering aimed at improving driver economics, enhancing rider experience and supporting the transition toward lower-emission urban transportation.</p><p><strong>Expanding Geographic Footprint to Drive Revenue Growth</strong></p><p>The Company's entry into Hong Kong represents a strategic step in diversifying its geographic exposure and unlocking new revenue opportunities beyond its home market of Singapore. Leveraging its proprietary platform, established driver network model and operational expertise, Ryde is well-positioned to scale efficiently while adapting to local regulatory and market conditions. This expansion is expected to strengthen network effects, increase platform utilization and support more resilient, multi-market revenue streams over time.</p><p><strong>Positioned to Capture Demand in a High-Value Urban Mobility Market</strong></p><p>"Expanding into Hong Kong marks an important milestone in Ryde's growth journey," said <strong>James Tan, Chief Product Officer of Ryde.</strong> "We are entering a market with strong and consistent demand for mobility services, and a clear shift toward more efficient and sustainable solutions. Our focus is to establish a reliable operating base first, before scaling with discipline. This positions us to deliver long-term value to our shareholders."</p><p><strong>Advancing a Scalable, Asset-Enabled Growth Strategy</strong></p><p>This expansion underscores Ryde's broader strategy of combining platform technology with targeted asset deployment to accelerate growth and strengthen its competitive positioning. By entering key gateway cities such as Hong Kong, the Company aims to build a scalable regional mobility ecosystem that delivers sustainable, long-term value for customers, drivers and investors.</p><p><strong>About Ryde Group Ltd</strong></p><p>Ryde is a super mobility app founded in Singapore and recognised as the world's FIRST on-demand carpooling app since 2014. As a publicly listed company on the NYSE American, Ryde is reimagining the way people and goods move around by offering a full suite of services, including carpooling, private hire, taxi, and delivery. What distinguishes Ryde is its commitment to empowering private-hire and taxi partners by taking 0% commission, ensuring that drivers retain more of their hard-earned earnings. For more information, please visit <a rel="nofollow" href="https://pr.report/knet">https://rydesharing.com/</a>.</p><p><strong>Safe Harbor Statement</strong></p><p>This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.</p><p>Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement.</p><p><strong>Contacts</strong></p><p><strong>For Media Relations:</strong></p><p>Media Team<br/>Ryde Group Ltd<br/>Email: <a rel="nofollow" href="mailto:media@rydesharing.com">media@rydesharing.com</a></p><p><strong>For Investor Relations:</strong></p><p>Investor Relations Team<br/>Ryde Group Ltd<br/>Email: <a rel="nofollow" href="mailto:investor@rydesharing.com">investor@rydesharing.com</a></p><p><strong>SOURCE:</strong> Ryde Group</p><br/><br/>View the original <a href='https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/ryde-advances-regional-expansion-strategy-with-entry-into-hong-ko-1157365'>press release</a> on ACCESS Newswire<br/><br/>
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RYDE

Ryde Advances Regional Expansion Strategy with Entry into Hong Kong Mobility Market

Ryde Group Expands into Hong Kong Market with Strategic Mobility Initiative

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>SINGAPORE, SG / ACCESS Newswire / April 14, 2026 / Ryde Group Ltd (NYSE:RYDE) (&amp;#34;Ryde&amp;#34; or the &amp;#34;Company&amp;#34;), a leading technology platform for mobility and quick commerce in Singapore, today announced its strategic expansion</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Ryde Group&#039;s strategic entry into the Hong Kong market by acquiring taxi licenses and deploying electric vehicles aligns with its growth strategy. This expansion aims to enhance platform utilization and unlock new revenue streams, positioning Ryde for long-term value creation in a high-demand urban mobility market.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Ryde expands into Hong Kong, acquiring 50 taxi licenses and EVs.</li><li>The move strengthens Ryde&#039;s regional growth strategy and market position.</li><li>Expansion aims to enhance driver economics and rider experience.</li><li>Ryde plans to build a scalable mobility ecosystem in Asia.</li><li>This development could unlock new revenue opportunities beyond Singapore.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Uber Technologies Inc. (UBER)</strong>: RYDE&#039;s expansion will increase competition with major players like Uber in Hong Kong.</li><li><strong>Lyft Inc. (LYFT)</strong>: As RYDE expands, it could pose further challenges to Lyft&#039;s market share in Asia.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This update falls under &#039;Corporate Developments&#039; as it highlights Ryde&#039;s strategic expansion into a new market, reflecting its intention to increase its footprint and revenue potential based on operational efficiencies and technological advancements.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Acquisition of taxi licenses positions RYDE for immediate operational expansion.</li><li>Deployment of EVs aligns with growing urban emission regulations, boosting Ryde&#039;s appeal.</li><li>Diverse geographic exposure could stabilize revenue flow amidst market volatility.</li><li>Integration of technology into traditional taxi operations may improve operational efficiency.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Ryde plans to acquire up to 50 taxi licenses in Hong Kong.</li><li>The company will deploy 50 electric vehicles as part of the expansion.</li><li>Expansion signifies a strategic move beyond its Singapore base.</li><li>Ryde emphasizes a technology-enabled service to enhance user experience.</li><li>The company aims to build a regional ecosystem for sustainable urban mobility.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>RYDE could see price appreciation as the expansion strategy unfolds, with potential gains in the next 6-12 months.</p>
  </section>
</section>


<p><strong id="dateline">SINGAPORE, SG / <a href='https://www.accessnewswire.com/'>ACCESS Newswire</a> / April 14, 2026 / </strong><strong>Ryde Group Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/RYDE">RYDE</a>) ("Ryde" or the "Company"),</strong> a leading technology platform for mobility and quick commerce in Singapore, today announced its strategic expansion into the Hong Kong market. This milestone marks a significant step in Ryde's regional growth strategy and strengthens its position as a key player in Asia's evolving mobility landscape.</p><p><strong>Entry into Hong Kong with Scalable Mobility Infrastructure</strong></p><p>As part of this expansion, Ryde will acquire up to 50 Hong Kong taxi licenses and deploy up to 50 electric vehicles ("EVs"). This initial rollout is intended to establish a capital-efficient and scalable operating base in one of Asia's most densely populated and high-demand mobility markets.</p><p>By integrating licensed taxi operations with EV deployment, Ryde will introduce a differentiated, technology-enabled service offering aimed at improving driver economics, enhancing rider experience and supporting the transition toward lower-emission urban transportation.</p><p><strong>Expanding Geographic Footprint to Drive Revenue Growth</strong></p><p>The Company's entry into Hong Kong represents a strategic step in diversifying its geographic exposure and unlocking new revenue opportunities beyond its home market of Singapore. Leveraging its proprietary platform, established driver network model and operational expertise, Ryde is well-positioned to scale efficiently while adapting to local regulatory and market conditions. This expansion is expected to strengthen network effects, increase platform utilization and support more resilient, multi-market revenue streams over time.</p><p><strong>Positioned to Capture Demand in a High-Value Urban Mobility Market</strong></p><p>"Expanding into Hong Kong marks an important milestone in Ryde's growth journey," said <strong>James Tan, Chief Product Officer of Ryde.</strong> "We are entering a market with strong and consistent demand for mobility services, and a clear shift toward more efficient and sustainable solutions. Our focus is to establish a reliable operating base first, before scaling with discipline. This positions us to deliver long-term value to our shareholders."</p><p><strong>Advancing a Scalable, Asset-Enabled Growth Strategy</strong></p><p>This expansion underscores Ryde's broader strategy of combining platform technology with targeted asset deployment to accelerate growth and strengthen its competitive positioning. By entering key gateway cities such as Hong Kong, the Company aims to build a scalable regional mobility ecosystem that delivers sustainable, long-term value for customers, drivers and investors.</p><p><strong>About Ryde Group Ltd</strong></p><p>Ryde is a super mobility app founded in Singapore and recognised as the world's FIRST on-demand carpooling app since 2014. As a publicly listed company on the NYSE American, Ryde is reimagining the way people and goods move around by offering a full suite of services, including carpooling, private hire, taxi, and delivery. What distinguishes Ryde is its commitment to empowering private-hire and taxi partners by taking 0% commission, ensuring that drivers retain more of their hard-earned earnings. For more information, please visit <a rel="nofollow" href="https://pr.report/knet">https://rydesharing.com/</a>.</p><p><strong>Safe Harbor Statement</strong></p><p>This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.</p><p>Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement.</p><p><strong>Contacts</strong></p><p><strong>For Media Relations:</strong></p><p>Media Team<br/>Ryde Group Ltd<br/>Email: <a rel="nofollow" href="mailto:media@rydesharing.com">media@rydesharing.com</a></p><p><strong>For Investor Relations:</strong></p><p>Investor Relations Team<br/>Ryde Group Ltd<br/>Email: <a rel="nofollow" href="mailto:investor@rydesharing.com">investor@rydesharing.com</a></p><p><strong>SOURCE:</strong> Ryde Group</p><br/><br/>View the original <a href='https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/ryde-advances-regional-expansion-strategy-with-entry-into-hong-ko-1157365'>press release</a> on ACCESS Newswire<br/><br/>
      <img src="https://app.accessnewswire.com/img.ashx?id=1157365" width="0" height="0"/>

Ryde Group's strategic entry into the Hong Kong market by acquiring taxi licenses and deploying electric vehicles aligns with its growth strategy. This expansion aims to enhance platform utilization and unlock new revenue streams, positioning Ryde for long-term value creation in a high-demand urban mobility market.

Ryde Advances Regional Expansion Strategy with Entry into Hong Kong Mobility Market

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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