Soon, there will be a new player in town to rival Grab, the private-hire car service provider who currently holds monopoly over the market after its acquisition of Uber.
The homegrown company, Ryde, was initially introduced to the market solely with their carpooling services.
However, the company plans to launch RydeX, a scheduled service that takes bookings in advance, from 10 minutes to seven days ahead of time. From May 2, commuters will be provided with an alternative platform apart from Grab.
To differentiate itself from its competitor, Ryde enables commuters to request for a specific driver, especially if they have had a good experience with him or her. They can tip drivers through the app, and there will be no additional service fees on tips.
Base fares for RydeX will start at S$8, and commuters pay S$0.60 subsequently for every kilometre, said Mr Zou, CEO of Ryde Technologies.
In addition, a premium RydeExec option will also be made available for commuters who prefer to travel in luxury cars. The base fare for this option starts at S$18.
Mr Zou added that the company has plans to offer on-demand rides in future. “We need to accrue a critical mass on our platform before we launch additional services,” he said.