SINGAPORE, SG / ACCESS Newswire / October 30, 2025 / Ryde Group Ltd (NYSE American:RYDE) (“Ryde” or the “Company”), a leading technology platform for mobility and quick commerce in Singapore, today announced that its wholly owned subsidiary, RCSR Pte Ltd, has entered into a Notes Subscription and Debenture Agreement with Singapore Electric Vehicles Pte Ltd (“SEV”), one of Singapore’s largest private EV fleet operators.

This strategic investment represents a key milestone in Ryde’s roadmap toward full electrification and reinforces its long-term commitment to building a cleaner, more efficient, and future-ready urban mobility ecosystem.

Strengthening Ryde’s Position in Singapore’s EV Revolution

Founded in 2022, SEV is a fast-growing…