Drive lah secures strategic investment from ComfortDelGro
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
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