Drive lah secures strategic investment from ComfortDelGro

Funding Rounds

Summary

Drive lah secured a US$5 million investment round, with ComfortDelGro contributing US$2 million as lead investor. The deal also makes ComfortDelGro the preferred fleet partner for Drive lah. The companies will collaborate on car connectivity, navigation technology, and vehicle supply for the platform, starting in Sydney and Melbourne this quarter. Drive lah plans to expand its car-sharing and subscription services across Singapore, Australia, and the wider APAC region. The company says the investment supports its growth as an asset-light shared mobility platform.

$ Funding

$
Amount $5.0M Total raised
Date October 26, 2023 Announcement date
Investors - Lead investors
Company https://www.drivelah.sg/ Funded company

Classifications

industries
Telecommunications
applications
No applications detected

AskAI Classifications

Labels
No AI classifications detected

Linked Companies