Ryde Launches REMA 2024: A Commitment To Educational Excellence For Driver-Partners’ Children

Rhea-AI Summary

Ryde Group (NYSE American: RYDE) has launched the Ryde Educational Merit Awards 2024 (REMA 2024), continuing its social initiative to support the educational aspirations of its driver-partners' children. The program, which began in 2020 during the pandemic, offers financial and social resources to empower future generations.

REMA 2024 aims to encourage high achievement, promote equal opportunities, and support Ryde driver-partners. Award recipients will receive up to SGD 2,000 in cash, SGD 500 in Book Vouchers, a free 1-year Ryde Transport Pass, a MacBook and an AirPods Pro. The initiative aligns with UN Sustainable Development Goals of providing quality education and reducing inequalities.

Previous recipients and their families have expressed gratitude for the program's impact on their educational journey. Ryde's CEO, Terence Zou, emphasized the company's long-term commitment to supporting driver-partners' children and helping them reach their fullest potential.

Positive

• Launch of REMA 2024 demonstrates Ryde's commitment to corporate social responsibility
• Substantial awards package including cash, vouchers, and technology products for recipients
• Program aligns with UN Sustainable Development Goals
• Initiative may strengthen loyalty and engagement with driver-partners

Negative

• None.

SINGAPORE--(BUSINESS WIRE)-- Ryde Group Ltd (NYSE American: RYDE) ("Ryde'' or the “Company"), a technology company with a leading platform for mobility and quick commerce in Singapore, is proud to announce the launch of Ryde Educational Merit Awards 2024 (“REMA 2024”), a continuation of its social initiative from 2020 to support the educational aspirations of the children of its dedicated driver-partners.

REMA 2021 Recipients – Seah Jit Sheng and Sasha Ng (Photo: Business Wire)

Ryde Educational Merit Awards (“REMA”) was originally launched in response to the challenges faced by driver-partners and their children during the pandemic, and has since stayed true to its promise by continuing to be fully committed to providing financial and social resources to empower our children of tomorrow. REMA 2024 reaffirms Ryde’s steadfast commitment to its driver-partners and their children by supporting students from diverse backgrounds and promoting academic excellence.

Through this initiative, Ryde aims to uphold its core values of inclusivity and community development, while also contributing to the UN Sustainable Development Goals of providing quality education and reducing inequalities. By investing in the future of its community, Ryde seeks to cultivate a culture of high achievement and equal opportunity for all.

Why REMA 2024:

• Encourage High Achievement: The program motivates students to excel in both academic and extracurricular activities, cultivating a passion for learning and continuous improvement.

• Promote Equal Opportunities: REMA ensures talented students have access to educational resources regardless of socioeconomic background, helping bridge gaps between different communities.

• Support Ryde Driver-Partners: By alleviating the financial burden of education, REMA strengthens the bond between Ryde and our driver-partners, fostering loyalty and engagement.

Award recipients will receive up to SGD 2,000 in cash, SGD 500 in Book Vouchers, a free 1-year Ryde Transport Pass, a MacBook and an AirPods Pro. The Ryde Transport Pass will help students save on travel time, enabling them to concentrate on their studies and passion.

Simon Ng, father of REMA 2021 recipient Sasha Ng, shared: “Receiving the REMA award in 2021 was a moment of pure joy for our family. The financial support, along with the Ryde credits and iPad, has been invaluable in helping Sasha excel in her studies. We are incredibly grateful to Ryde for their generosity and support."

Kelvin Seah, father of REMA 2021 recipient Seah Jit Sheng, commented: “The REMA 2021 has helped Jit Sheng with the resources he needs to succeed academically. We are honored to be part of the Ryde community."

Terence Zou, CEO of Ryde Group, commented, “The Ryde Educational Merit Awards (REMA) demonstrates our long-term commitment to supporting the children of our driver-partners. By investing in those with outstanding academic achievements, we are providing them with the resources they need to thrive and reach their fullest potential.”

For more information about REMA 2024 and application details, please visit [https://forms.gle/KawUt34haWuNrC5U8].

About Ryde Group Ltd

Ryde, a homegrown super mobility app founded in Singapore, is the world's FIRST on-demand carpooling app since 2014! As a publicly listed company on the NYSE, we are reimagining the way people and goods move around. We offer a full suite of services, including carpooling, private hire, taxi, and delivery, but what truly sets us apart is our commitment to empower our private-hire and taxi partners. We take 0% commission, ensuring that more of every hard-earned dollar goes to drivers on our platform. For more information, please visit https://rydesharing.com/ to learn more.

FORWARD-LOOKING STATEMENTS

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors . Any forward-looking statements contained in this press release speak only as of the date hereof, and Ryde Group Ltd specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241009741390/en/

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Ryde Group Ltd

Email: media@rydesharing.com



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Investor Relations Team

Ryde Group Ltd

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Source: Ryde Group

FAQ

What is REMA 2024 and how does it benefit Ryde (RYDE) driver-partners?

REMA 2024 is the Ryde Educational Merit Awards program for 2024, offering financial support and resources to children of Ryde driver-partners. It provides up to SGD 2,000 in cash, SGD 500 in book vouchers, a free 1-year Ryde Transport Pass, a MacBook, and AirPods Pro to recipients, aiming to alleviate the financial burden of education for driver-partners' families.

How much financial support does Ryde (RYDE) offer through REMA 2024?

Through REMA 2024, Ryde offers award recipients up to SGD 2,000 in cash, SGD 500 in book vouchers, a free 1-year Ryde Transport Pass, a MacBook, and AirPods Pro. The total value of the award package is significant, providing both financial and technological support for students' educational needs.

When did Ryde (RYDE) first launch the REMA program?

Ryde first launched the Ryde Educational Merit Awards (REMA) program in 2020 in response to the challenges faced by driver-partners and their children during the pandemic. REMA 2024 is a continuation of this initiative, demonstrating Ryde's ongoing commitment to supporting its driver-partners' families.

How does REMA 2024 align with Ryde's (RYDE) corporate values?

REMA 2024 aligns with Ryde's core values of inclusivity and community development. It supports the UN Sustainable Development Goals of providing quality education and reducing inequalities. By investing in the future of its community, Ryde aims to cultivate a culture of high achievement and equal opportunity for all.