Ryde Group (RYDE) announced the acquisition of a 40% shareholding in Atoll Discovery, a Singapore-based electric vehicle rental company. Ryde’s investment in Atoll, which operates a fleet of close to 100 fully electric BYD vehicles, comes as the city- state ramps up its transition to a low-emission transport ecosystem, including a plan to roll out 60,000 EV charging points and phase out internal combustion engine vehicles by 2040.
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