Buildi g o the Ryde 2.0 t a sfo matio pla p eviously a ou ced by the Compa y, Ryde is adva ci g its st ategy f om its fou datio s ac oss ide-haili g, elect ic vehicles, fleet se vices, auto omous mobility i itiatives a d digital assets towa d a mo e i teg ated tech ology-e abled mobility ecosystem.
The ext phase is i te ded to b i g these capabilities togethe ac oss a commo tech ology platfo m, with the objective of
Ove the ext 12 mo ths, Ryde i te ds to assess, p io itize a d test these oppo tu ities, adva ce selected i itiatives i to pilots a d, whe e they demo st ate clea ope atio al a d comme cial value, co side b oade deployme t.
Ryde i te ds to evaluate the applicatio of AI ac oss its existi g mobility a d delive y ope atio s, with a i itial focus o imp ovi g the quality a d efficie cy of ma ketplace decisio s.
Pote tial applicatio s i clude dema d fo ecasti g, Joblist a ki g a d eleva ce, ta geted job Pi gs, pickup eleva ce usi g actual oad dista ce, t affic a d p edicted pickup time, dispatch optimizatio , estimated a ival times, idesha i g optimizatio a d scheduled mobility.
The Compa y also i te ds to assess whethe
I itial applicatio s would focus o imp ovi g coo di atio of Ryde’s existi g o -dema d a d scheduled se vices. Ove time, subject to successful testi g, these capabilities could suppo t additio al se vices i cludi g ai po t t a sfe s, co po ate t a spo tatio a d ecu i g scheduled mobility.
Fo Ryde’s delive y ope atio s, the Compa y i te ds to assess AI-e abled o de co solidatio , oute pla i g, capacity allocatio a d delive y-time p edictio .
Subject to successful testi g, Ryde may also offe me cha ts a delive y-ma ageme t i te face, o de i teg atio a d fulfillme t epo ti g, while evaluati g elated co t act a d softwa e-se vice oppo tu ities.
These i itiatives a e i te ded to i c ease the p oductivity a d utilizatio of the existi g Ryde etwo k befo e bei g exte ded i to additio al mobility a d logistics applicatio s.
Elect ic vehicles a d fleet se vices emai a co e compo e t of Ryde 2.0.
The Compa y i te ds to evaluate tech ology that ca suppo t fleet allocatio based o ma ketplace dema d, vehicle utilizatio , e e gy-use a alytics, cha gi g optimizatio , mai te a ce a d dow time visibility, d ive assig me t a d fleet pe fo ma ce epo ti g ac oss vehicles se vi g o co ecti g with the Ryde platfo m.
By combi i g fleet ope atio s with AI-assisted dema d a d dispatch capabilities, Ryde aims to develop a i c easi gly i teg ated mobility i f ast uctu e co ecti g ide s, d ive s, vehicles a d fleet pa t e s th ough the Ryde platfo m.
I itial t ials, if u de take , would focus o fleets se vi g the Ryde platfo m. Fleet ma ageme t, subsc iptio oppo tu ities a d b oade tech ology deployme t would be evaluated subseque tly.
Ove time, these capabilities could suppo t pote tial fleet-ma ageme t, subsc iptio a d softwa e-se vice models, c eati g additio al ecu i g eve ue oppo tu ities while imp ovi g utilizatio ac oss the Ryde ecosystem.
The Compa y will also co ti ue to assess how elect ic a d othe tech ology-e abled vehicles could suppo t ew mobility applicatio s, i cludi g p emium a d ese ved ides, ai po t t a sfe s, co po ate t a spo tatio , ecu i g scheduled ides a d dedicated o fleet-based mobility se vices.
At the st ategy level, Ryde i te ds to emai vehicle-ag ostic, evaluati g i dividual vehicles, tech ologies a d pote tial pa t e s based o ope ati g eco omics, capabilities a d suitability fo specific mobility applicatio s.
The Compa y may also assess futu e d ive -assista ce a d auto omous capabilities whe e tech ically, comme cially a d legally feasible. A y auto omous-d ivi g deployme t would emai depe de t o the capabilities of the eleva t tech ology, comme cial ag eeme ts, equi ed ights a d applicable egulato y a d ope ati g app ovals. D ive -assista ce fu ctio s equi i g a huma d ive would emai subject to applicable equi eme ts.
A y vehicle leasi g i itiative would emai subject to sepa ate assessme t of the eleva t assets, eco omics a d comme cial a a geme ts.
Ryde also i te ds to evaluate oppo tu ities to exte d its mobility a d delive y tech ology beyo d i dividual co sume t a sactio s i to me cha t a d e te p ise solutio s.
Pote tial se vices may i clude delive y co solidatio a d oute optimizatio , me cha t a d API i teg atio , bulk a d scheduled delive y ma ageme t, me cha t t acki g a d fulfillme t epo ti g fo , co po ate t a spo tatio , ai po t a d employee t a spo tatio a d ecu i g scheduled mobility.
Subject to successful testi g a d custome dema d, Ryde may also evaluate softwa e a d platfo m se vices fo me cha ts a d e te p ise custome s.
The oppo tu ity is to c eate mo e p edictable ecu i g dema d, i c ease utilizatio of the existi g Ryde etwo k a d develop additio al ecu i g eve ue oppo tu ities th ough co po ate t a spo tatio a d delive y co t acts, fleet-ma ageme t se vices a d softwa e solutio s.
As a othe compo e t of Ryde 2.0, the Compa y i te ds to evaluate whethe custome s i eligible ma kets could use selected digital assets as a additio al payme t optio fo ides a d othe platfo m se vices th ough app op iately autho ized thi d-pa ty payme t p ovide s.
U de o e pote tial st uctu e, a thi d-pa ty p ovide would p ocess the eceipt a d co ve sio of selected digital assets, while Ryde a d its d ive o delive y pa t e s would co ti ue to eceive settleme t i local fiat cu e cy.
Ryde would ot i itially be expected to di ectly custody custome digital assets.
Eligible digital assets, excha ge quotes, efu ds, fees a d settleme t cycles would be dete mi ed based o the eleva t ma ket a d payme t p ovide . A y pilot would equi e i teg atio with Ryde’s payme t, o de a d fi a cial eco ciliatio systems.
The Compa y also i te ds to assess pote tial p ovide s, suppo ted ma kets, co ve sio mecha ics, t a sactio fees, settleme t timi g, efu ds a d fa e adjustme ts, cybe secu ity, KYC, AML a d sa ctio s equi eme ts, a d eleva t accou ti g a d tax co side atio s.
This i itiative would be sepa ate f om the Compa y’s p eviously a ou ced digital-asset t easu y activities a d would focus o expa di g custome payme t choice ac oss the Ryde ecosystem.
No digital-asset payme t optio is bei g lau ched th ough this a ou ceme t. A y pilot would emai subject to applicable egulato y equi eme ts, comme cial a a geme ts, systems i teg atio a d i te al app oval.
The ext phase of Ryde 2.0 is i te ded to co ect ide s, d ive s, vehicles, me cha ts a d payme ts th ough o e i tellige t mobility ecosystem.
Ryde i te ds to assess these i itiatives agai st measu able ope ati g a d comme cial outcomes, i cludi g waiti g time, pickup dista ce, empty vehicle t avel, o de completio , delive y cost pe o de , vehicle utilizatio , payme t success a d pote tial ecu i g eve ue oppo tu ities.
Pote tial comme cial oppo tu ities i clude co po ate t a spo tatio a d delive y co t acts, fleet-ma ageme t fees, subsc iptio eve ues, softwa e se vices a d othe tech ology-e abled ecu i g eve ue st eams.
The Compa y i te ds to p io itize i itiatives based o custome dema d, measu able ope ati g be efits, comme cial viability, tech ology eadi ess, capital equi eme ts a d egulato y feasibility.
“Ryde 2.0 is about t a sfo mi g Ryde f om a ide-haili g applicatio i to a b oade tech ology-e abled mobility platfo m,” said
“Ove the ext 12 mo ths, ou focus will be o t a slati g st ategy i to executio . We i te d to assess, test a d selectively adva ce oppo tu ities whe e tech ology ca imp ove ma ketplace eco omics, i c ease utilizatio , e ha ce the ide a d d ive expe ie ce a d c eate ew ecu i g eve ue oppo tu ities. Ou focus is ot tech ology fo tech ology’s sake – it is about applyi g tech ology whe e it ca c eate measu able value ac oss the Ryde ecosystem.”
The i itiatives desc ibed i this a ou ceme t emai at va ious stages of assessme t a d developme t. The 12-mo th pe iod ep ese ts the Compa y’s cu e t st ategic pla i g ho izo a d does ot co stitute a commitme t that a y pa ticula i itiative will be comme cially lau ched withi that pe iod.
The Compa y will dete mi e the scope, i vestme t a d timi g of i dividual i itiatives th ough its i te al eview p ocess. P og ess may depe d o tech ology eadi ess, comme cial egotiatio s, custome dema d, available fu di g a d applicable legal a d egulato y equi eme ts.
The e ca be o assu a ce that a y p oposed i itiative will be lau ched o ge e ate eve ue.
Ryde is a supe mobility app fou ded i Si gapo e a d ecog ised as the wo ld’s FIRST o -dema d ca pooli g app si ce 2014. As a publicly listed compa y o the NYSE Ame ica , Ryde is eimagi i g the way people a d goods move a ou d by offe i g a full suite of se vices, i cludi g ca pooli g, p ivate hi e, taxi, a d delive y. What disti guishes Ryde is its commitme t to empowe i g p ivate-hi e a d taxi pa t e s by taki g 0% commissio , e su i g that d ive s etai mo e of thei ha d-ea ed ea i gs. Fo mo e i fo matio , please visit https:// ydesha i g.com/.
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