Ryde Group Ltd

Corporate History Our Company, Ryde Group Ltd, was incorporated in the Cayman Islands on February 21, 2023 under the Companies Act as an exempted company with limited liability. We currently operate in Singapore, with our core businesses in the following segments: (i) mobility, where we provide on-demand and scheduled carpooling and ride-hailing services, matching riders to our driver partners; and (ii) quick commerce, where we provide on-demand, scheduled, and multi-stop parcel delivery services. We set out below our key milestones, which show the growth journey of our Group and development of our service offerings throughout the years. Year Milestone 2014 Ryde Technologies Pte. Ltd. was founded by Mr. Terence Zou, our chairman and CEO. At this point in time, well known players Uber and Grab had begun to provide ride hailing services for private hire drivers. We differentiated ourselves by intending to provide an on-demand carpooling offering via our mobile app, with the aim of providing a cleaner, greener, and more efficient way for point-to-point transport users in Singapore to get around. We had a vision to become a technology-focused Super mobility app where multiple mobility tools can be accessed and function seamlessly out of a single app, offering ultimate convenience and reliability for consumers. 2015 We launched our on-demand carpooling app to market with the intention of growing our business within the carpooling vertical. 2016 As a young company, we required resources in order to advance our technology capabilities.