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Tribecar acquires fellow car-sharing operator Car Club to expand fleet to over 1,400 vehicles

By Kenny Yeo - on 3 Mar 2022, 2:32pm

Tribecar acquires fellow car-sharing operator Car Club to expand fleet to over 1,400 vehicles

Adrian Lee, co-founder of Tribecar. (Image source: Tribecar)

Tribecar has just announced the acquisition of Car Club. According to them, this is the biggest buyout ever in the local car-sharing scene.

Established in 1997 by NTUC Income, Car Club was one of Singapore's first car-sharing operators. In 2016, it was acquired by a Japanese company, Mitsui & Co. Ltd, which later entered a joint venture with another Japanese company, Willers.

Terms and details of the acquisition were not revealed.

Adrian Lee, Co-Founder of Tribecar, said:

The onboarding of Car Club, a pioneer in the mobility industry, further solidifies our leading position in Singapore’s car-sharing space. We can now advance our platform strategy and strengthen our end-to-end transactional capabilities by leveraging on Car Club’s award-winning customer support services to improve on the overall experience for our customers. A shared mission to advance the state of sustainable mobility in Singapore is what made this an even greater fit for us.

Lewis Chen, General Manager of Car Club, had this to say:

We are excited to co-lead the growing team at Tribecar. With this new relationship, we will have more resources to develop our car-sharing technology arm for businesses and corporations in the region. Accompanied by Tribecar’s creative product innovations and technical strengths, we can continue to provide high quality mobility options while expanding our services to a wider group of audience.

Moving on, Tribecar said that members of Tribecar and Car Club will get to enjoy services and features that are currently offered exclusively on platforms. They did not mention specifics but said that it would include various subscription plans and corporate programmes.

But perhaps more importantly, members will get access to a larger fleet of vehicles and at more locations. Combined, Tribecar and Car Club will have a fleet of over 1,400 vehicles.

Tribecar said members will get to enjoy a greater range of premium luxury car options and a wider range of vehicle types such as motorcycles, vans, and lorries, that can be booked via hour bookings or even through monthly subscriptions and leasing plans.

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