Goldbell Group confirmed acquisition with BlueSG

February 11, 2021
BlueSG
Goldbell Group (Goldbell) has confirmed its acquisition strategy with BlueSG on Friday, Feb 5, 2021. The firm will be fully taking over Singapore's leading electric car-sharing network by August 2021.
Launched in 2017, BlueSG grew under the Singapore Economic Development Board (EDB) and Land Transport Authority's national-level electric vehicle (EV) Car Sharing initiative programme since 2017.
Today, BlueSG has a total fleet of more than 650 electric vehicles with a record of 1,700,000 rentals and 100,000 subscriptions sold. As a result, it is one of the top local car-sharing platforms.
Acquisition within Goldbell and BlueSG
CEO of the Goldbell Group, Arthur Chua mentioned that the $70 million investment will go to areas such as adding new electric vehicles to the fleet, beyond BlueSG's signature white hatchbacks. The firm also plans to partner other EV charging providers to allow convenient solutions for BlueSG users.

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