For many businesses, Covid-19 represented a crisis, but Toh Ting Feng made it an opportunity. It led the co-founder of carsharing company GetGo to send out its first 400-strong fleet in February 2021.
Concerned about contracting the virus on public transport, those who couldn’t work from home commuted by private cars instead. GetGo made it even more appealing. Instead of paying a membership fee or a deposit for using the car-sharing service, users are only charged for the actual mileage and hours they use.
GetGo’s website describes it as “the simplest way to access a car in Singapore”, requiring only a mobile app download, registration, and booking. The app is integrated with SingPass MyInfo, which includes your digital driving licence, so there’s no hassle with verification. Off-peak weekday rates for standard vehicles start at $3, while luxury vehicles cost $240 for a full day. Maintenance, insurance and petrol are included.
With 1,800 vehicles at 1,300 locations, GetGo has grown into Singapore’s largest car-sharing platform, serving 200,000 users. Toh, 39, is not able to provide revenue figures for 2022, but confides that it is several times more than in 2021, when revenue “surpassed $10 million”, say reports.
This story is from the December 2022 edition of The PEAK Singapore.
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This story is from the December 2022 edition of The PEAK Singapore.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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