Date: October 30, 2023. — Drive Lah has announced a $5 million investment round in its newest phase. ComfortDelGro, one of Singapore’s transportation corporations, led the round with a $2 million investment.
Drive Law is a Singapore and Australia based startup providing car-sharing platform. ComfortDelGro is a land transport company operating bus, taxi, rail, car rental and leasing and more. Along with this investment, ComfortDelGro will also become Drive Lah’s preferred fleet partner, supplying vehicles and technology for the company’s platforms in Singapore and Australia.
With the help of ComfortDelGro, Drive Lah will be able to improve its in-car connectivity and navigation systems. It will also be able to increase its market share in Australia, where people know it as Drive Mate. It reports that the partnership will begin this quarter in Sydney and Melbourne.
Singhal, co-founder of Drive Lah, expressed his excitement about the industry’s future prospects and praised the investors for believing in his vision. Furthermore, he stated that it is pioneering the asset-light strategy. He is determined to make car-sharing and subscription services more accessible and environmentally benign in the region.
Ter Horst, co-founder of Drive Lah, noted that integrating diverse modes of transportation will determine mobility’s future. Additionally, he stated that Drive Lah is excited to collaborate with ComfortDelGro to provide more convenient and sustainable mobility solutions to their clients.
Drive Lah focuses on developing community-driven mobility solutions that meet the demands of contemporary urban dwellers. With the help of this latest cash infusion, it can maintain its position as a major participant in the region’s developing car-sharing economy.