Singapore-based marketplace for car-sharing Drive lah has successfully secured a $5 million investment round.
Drive lah said in a statement on Thursday that Singapore-based transport firm ComfortDelGro (CDG) has invested $2 million, establishing them as the lead investor for this round and the preferred fleet partner for Drive lah.
As the leading investor and a fleet partner, ComfortDelGro’s collaboration with Drive lah will be a holistic one, with a focus on car connectivity and navigation technology as well as supplying vehicles to Drive lah’s platforms.
The collaboration will start this quarter in Sydney and Melbourne, with ComfortDelGro Corporation Australia progressively supplying up to 3,000 vehicles to the Drive mate platform, supporting the increase in demand for car sharing services in Australia.
“Drive lah is at the forefront of the car sharing ecosystem with our asset-light model with footprint across multiple APAC countries,
Drive lah Co-Founder Dirk-Jan ter Horst said that the future of mobility is interconnected.
“We’re gearing up to lead the transformation towards a more connected and efficient transportation ecosystem in
“This success of this investment round is a testament to our shared commitment with our investors and strategic partners towards innovation and excellence,” he added.
The firm is a pioneer in the asset-light car sharing domain of the APAC region.
As a shared mobility platform, the firm helps car seekers find nearby vehicles to rent while providing owners a way to earn.
Drive lah has onboarded over 200,000 registered users
to-date, has more than 2,000 cars on our platform, and has recorded a ten times growth since first investors came on board in early 2020.
“As a lead investor and fleet partner, our collaboration with Drive mate will allow the two companies to shape urban mobility, particularly in Australia where we have a strong foothold operating buses, taxis and non-emergency patient transport,
“We look forward to working closely with Drive mate to enable seamless experience for the car owners and seekers on the car-sharing platform,” ComfortDelGro Corporation Australia Chief Executive Officer Nicholas Yap said.