Toh Ting Feng, GetGo
Toh Ting Feng, GetGo
18 October 2024
Under the Radar: GetGo’s CEO on changing aspirations for car ownership on its business strategy
Carsharing is on deck today as we speak to Singapore’s largest carsharing service, where users can register, book a car and start driving in the span of minutes.
You might have guessed it by now – yes we’re indeed speaking to GetGo. Founded in 2020 in the middle of the Covid-19 pandemic, GetGo has expanded quickly in recent years to 1,600 locations across Singapore.
The company now boasts a fleet of 3,000 cars, over 300,000 users and over 3 million drives completed.
But why are we speaking to GetGo you might ask? Well, the carsharing business is an interesting one to look at because of rising car ownership costs in Singapore. For one thing, a survey by The Straits Times out in 2022 revealed that the high costs of buying a car are putting a dent on car ownership aspirations. So how far has that opened up a market gap for GetGo to fill?
Meanwhile, GetGo had in July 2024 teamed up with electric vehicle charging firm Charge+ to introduce the carsharing company’s electric vehicles and Charge+’s EV charging infrastructure together in condominium projects.
GetGo and Charge+ had said that they aim to provide 100 condominiums with such bundled products by 2025.But what were the reasons behind the move, and how much money will the partnership bring to GetGo given the increased adoption of EVs among the younger population?
Speaking of condominium projects, GetGo also said then that it would roll out a new feature in Q4 to provide condominium developers secured access to its carsharing vehicles – but again, what is the significance of the move to GetGo as a company?
On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Ting Feng Toh, CEO and Co-founder, GetGo.
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Listen To His Previous Podcasts:
6 March 2023
Culture Club: What do Singaporeans really feel about 'car-sharing'?
GetGo has seen tremendous growth since its launch in 2021, and is now dubbed as Singapore’s largest car-sharing service.
With Singapore’s mobility sector looking to undergo a complete electrification as part of the nation’s wider Green Plan 2030, how will the company play a bigger role in the facilitation of EV adoption among Singaporeans?
On Culture Club, Drive Time's Elliot Danker also speaks with Toh Ting Feng, CEO and Co-Founder, GetGo to find out if the car-sharing demand has surged in Singapore in a post-pandemic world.
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20 October 2022
In the Spotlight: With sky high COE premiums, will you consider car sharing?
COE premiums for all categories are all up in the latest bidding out yesterday, with motorcycle COE price hitting a new high of over $12,800. This comes before the kickoff of the lower COE quota between November and January 2023. Singaporean car owners are looking at other options such as car renting and car sharing. In the Spotlight on Prime Time, Bharati Jagdish dives deeper into the car sharing option when we speak with Toh Ting Feng, Managing Director and Co-Founder of local car-sharing brand GetGo.
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22 March 2021
Newly launched GetGo enters Singapore car-sharing market
GetGo was launched some time in February and aims to roll out 400 vehicles across 300 locations islandwide by the end of March to meet what it says is growing demand. The firm aims to be the largest car-sharing platform here by year-end, with a fleet of 1,000 cars across more than 600 stations, going head to head with its established competitors, which currently have about 600 cars each in their fleets. Toh Ting Feng, Managing Director and Co-Founder, GetGo shares the process of setting up a car-sharing business in Singapore and how they come up against other car-sharing services.
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