Grab gets license to operate taxis in Singapore

0
2K

Southeast Asia’s superapp Grab has obtained the Land Transport Authority (LTA) license to operate taxis in Singapore.

LTA said in a statement on Wednesday that it has awarded a street-hail service operator license (SSOL) to GrabCab Pte Ltd (GrabCab), a subsidiary of Grab Rentals Pte Ltd, and sister company of GrabCar Pte Ltd, which holds a ride-hail service operator license (RSOL) and a car-pool service operator license (CSOL).

“GrabCab’s entry into the street-hail sector brings the total number of taxi operators to six, providing drivers and commuters with more choices and is expected to boost taxi supply,” LTA noted.

Under the license, GrabCab will be allowed a three-year grace period to progressively expand their fleet to meet the minimum fleet size requirement of 800 taxis.

Valid for ten years, the license will commence from April 9, 2025.

GrabCab will need to comply with the conditions of its license, including meeting LTA’s safety standards and ensuring that partnership arrangements with drivers are non-exclusive in nature.

According to the statement, GrabCab’s license terms are consistent with that of other existing street-hail operators.

It noted the firm must ensure that its taxis are easily identifiable by street-hail customers, including having a prominent roof-top sign and a distinctive livery scheme.

Its vehicle models must be approved by LTA, and must meet requirements such as having sufficient boot space to carry a folded wheelchair or luggage.

Its street-hail services must also follow the same taxi fare structure components as other street-hail operators, and its fare must be prominently displayed, so that passengers are informed on the applicable fare rates.

 

#Grab #Taxi #RideHailing #Transport #Singapore

Sponsored
Search
Sponsored
Categories
Read More
Networking
Singapore’s Syfe offers to acquire ASX-listed investment platform Selfwealth for $41M
Syfe, a Singapore-based saving and investment platform, has made a non-binding indicative offer...
By Ifvex 2025-02-06 06:05:52 0 4K
Causes
21 percent of SMEs in Malaysia are women-led: Strive Malaysia
Women-owned businesses, defined as 51 percent owned, managed, and controlled by one or more...
By Ifvex 2025-04-23 13:44:07 0 2K
Food
Crispy Air-Fried Asparagus with Lemon Aïoli
Enjoy these easy-to-make crispy asparagus spears with lemon aïoli as an appetizer, a side...
By Recipes 2025-02-12 20:35:48 0 5K
Networking
Yiren Digital partners AG Network to deliver AI-driven financial solutions across Indonesia
Yiren Digital Ltd., an artificial intelligence (AI)-powered platform providing financial and...
By Ifvex 2025-04-18 04:49:29 0 3K
Networking
[CES 2025] Sony-Honda Afeela EV launches at CES 2025
Sony Honda Mobility Inc (SHM) announced the first model to be sold under the AFEELA brand...
By Ifvex 2025-01-08 13:18:46 0 5K
Ifvex https://ifvex.com