GetGo (carsharing company)

Last updated

GetGo Technologies Pte Ltd
Company type Private
Industry Car rental
Founded2021;3 years ago (2021)
Headquarters55 Ayer Rajah Crescent, #07-12/26, Singapore 139949
Area served
Singapore
Key people
Toh Ting Feng (Co-Founder, CEO), Johnson Lim (Co-Founder, CMO)
Services
Website www.getgo.sg

GetGo is a Singaporean company providing car sharing services. Launched in 2021, it is currently the largest carsharing company in Singapore in terms of fleet size. [1] As of October 2023, it has over 2,700 vehicles across 1,600 locations in Singapore. [2]

Contents

On February 23, 2023, it announced a fundraising round of SGD $20 million (US$14.9 million) from Treis, a family-backed investment group, for the purpose of growing its fleet of electric vehicles. [3]

History

GetGo was incorporated in August 2020 [4] and officially launched in February 2021. GetGo began with an initial fleet of 400 vehicles from Lion City Rentals, a car-rental company formerly owned by Uber. [5] It attracted 14,000 users in its pre-launched registration, and over 20,000 users within its first two months of operation. [6]

As of November 2023, GetGo has a user count of over 300,000 users within Singapore. It also received acceptance into Enterprise Singapore's "Scale-Up" program to plan an overseas expansion. [7]

Services

GetGo offers a "point A to A" car-sharing platform that prioritizes a greater ease of use. It is available to licensed Singapore residents over the age of 19 with at least a year of driving experience, or to licensed residents over the age of 25 without driving experience. The service is integrated with Singapore's SingPass MyInfo system for registration and verification. [8]

Unlike traditional car rental or carsharing pricing models, GetGo does not charge any security deposits or membership fees. Their pricing is based on booking duration, vehicle selection, and timing of booking. [9]

Fleet

GetGo offers a combination of petrol, diesel, and electric vehicles within its fleet. The company has a goal to increase the percentage of electric vehicles to 15% by the end of 2023, and to have 10,000 EVs by 2030. There are currently 20 different brands within its fleet. [10]

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References

  1. Salim, Zafirah. "GetGo co-founder on how they became S'pore's largest car-sharing provider in just two years". Vulcanpost. Vulcanpost. Retrieved 27 October 2023.
  2. Sutrisno, Gabriel. "GetGo profitable for second straight year, revenue surges by over 300%". Tech In Asia. Retrieved 8 November 2023.
  3. Ahmad, Samreen (23 February 2023). "SG's GetGo Carsharing raises $14.9m to expand electric fleet". Tech In Asia. Retrieved 8 November 2023.
  4. "GETGO TECHNOLOGIES PTE. LTD". SGP Business. Retrieved 8 November 2023.
  5. "Newly launched GetGo enters Singapore car-sharing market". Straitstimes. Retrieved 27 October 2023.
  6. "S'pore Car-Sharing Firm GetGo Charges No Deposit, Membership Fees". Vulcan Post. Retrieved 27 October 2023.
  7. Sivakumar, Yoganeetha (6 November 2023). "GetGo unveils 14,000 sqft office at one-north – aims to double headcount, expand overseas". Vulcan Post. Retrieved 8 November 2023.
  8. Lim, Mary. "GetGo's co-founder Toh Ting Feng makes driving more sustainable". The Peak Magazine. Retrieved 8 November 2023.
  9. Koh, Joel. "Car Sharing in Singapore 2023 Guide: Which Car Sharing is Best in Singapore?". Seedly. Retrieved 8 November 2023.
  10. Sivakumar, Yoganeetha. "GetGo receives S$20M investment to grow electric fleet, aims to have 10,000 greener vehicles by 2030". Vulcan Post. Retrieved 8 November 2023.