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The latest announcement is out from Jayride Group Ltd. ( (AU:JAY) ).
Jayride Group Ltd. has signed its first SaaS licensing agreement with GB Limousine Co., Ltd., marking a significant milestone in its transition to an enterprise-grade transport software provider. The agreement will see GB Limousine use Jayride’s platform for fleet management, passenger booking, and real-time trip tracking, debuting at a major event in Thailand. This partnership highlights the scalability of Jayride’s SaaS platform and opens opportunities in the Asia-Pacific region, with a market potential exceeding US$1 billion. The SaaS model is expected to provide recurring revenue streams and long-term growth, with Jayride already engaging with additional clients globally.
More about Jayride Group Ltd.
Jayride Group Ltd. operates in the transportation industry, focusing on providing a global transfer marketplace and enterprise-grade transport software solutions. The company is transitioning from being a marketplace aggregator to a provider of proprietary mobility Software-as-a-Service (SaaS) platforms, targeting premium fleet operators and enterprise mobility use cases.
Technical Sentiment Signal: Sell
Current Market Cap: A$7.11M
For detailed information about JAY stock, go to TipRanks’ Stock Analysis page.