Ryde Supercharges Mobility with AI-Driven App Revamp

Rhea-AI Summary

Ryde Group has revamped its rider app, introducing AI-driven features to enhance user experience. The updated app includes a more intuitive user interface, faster booking, and personalized trip recommendations based on past trips and preferences. Key improvements include a modern UI/UX design, simplified navigation with a prominent 'Where To' option, streamlined access to saved addresses, and a smart digital advertising algorithm that tailors ads to users. According to Terence Zou, Founder and CEO, these updates are expected to increase trip requests and revenue for Ryde's carpooling, ride-hailing, and delivery services.

Positive

• AI-driven personalized trip recommendations improve user experience.
• Modern UI/UX design enhances visual appeal and usability.
• Faster booking and shorter wait times benefit riders.
• Streamlined access to frequently visited locations improves efficiency.
• Smart digital advertising algorithm increases ad relevance and value for advertisers.
• CEO expects upgrades to boost trip requests and revenue.

Negative

• Potential increased competition as other companies may adopt similar AI-driven features.
• User adaptation period required due to significant app changes.

SINGAPORE--(BUSINESS WIRE)-- Ryde Group Ltd (“Ryde” or “the Company”) (NYSE American: RYDE), a leading technology company in Singapore offering super mobility and quick commerce solutions, is pleased to announce the update and redesign of its rider app to enhance user experience.

Ryde Supercharges Mobility with AI-Driven App Revamp. (PHOTO: RYDE)

The redesigned Ryde app features significant improvements, including an enhanced user interface, seamless booking experience, and personalized trip recommendations driven by AI. Leveraging advanced algorithms, the app offers riders faster booking, shorter match and waiting times, and a more intuitive navigation experience.

Key Enhancements to the Ryde App Include:

• AI-Driven Recommendations. Personalized trip recommendations based on past trips and user preferences, ensuring a faster and more tailored booking experience.
• Enhanced UI/UX Design Interface: A sleek, modern design that offers users an intuitive and visually appealing experience.
• Simplified Navigation. A prominently featured “Where To” option for quicker access to ride-hailing services.
• Streamlined Access to Saved Addresses. Easy access to frequently visited locations, improving the efficiency of the booking process.
• Smart Digital Advertising Algorithm. RydeAds, the app’s advertising space, now delivers tailored content to riders based on geographical and demographic factors, enhancing the relevance of advertisements and providing better value to advertisers.

Terence Zou, Founder and CEO of Ryde Group, expressed his enthusiasm about the app’s revamp, stating, “We’ve given our rider app a modern facelift, focusing on current design trends, language, and the use of AI to enhance our product further. Each design decision was thoughtfully made with our users in mind. We believe these changes will be well-received by our community, offering a better user experience for all users.”

Mr. Zou also emphasized the potential impact of these upgrades on trip requests and revenue generation, stating, “We believe these upgrades are likely to produce a meaningful increase in both trip requests to carpooling, ride-hailing, and delivery services and RydeAds revenue going forward.”

About Ryde Group Ltd

The Ryde Group is listed on the New York Stock Exchange. Ryde was founded in Singapore in 2014, is a leading technology company transforming the way people and goods move around with its super mobility app. As the world’s FIRST on-demand carpooling app, Ryde offers a full suite of services, including carpooling, private hire, taxi, and delivery. Committed to empowering 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/

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, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all, and other factors discussed in the "Risk Factors" section of the registration statements filed with the SEC. 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/20240517776864/en/

For Media Relations:

Media Team

Ryde Group Ltd

Email: media@rydesharing.com

For Investor Relations:

Investor Relations Team

Ryde Group Ltd

Email: investor@rydesharing.com

Skyline Corporate Communications Group, LLC

Email: info@skylineccg.com

Source: Ryde Group

FAQ

What are the key enhancements in the Ryde app update?

The key enhancements include AI-driven trip recommendations, a modern UI/UX design, faster booking, simplified navigation, and a smart digital advertising algorithm.

How will the Ryde app revamp impact trip requests?

The revamp is expected to lead to a meaningful increase in trip requests for carpooling, ride-hailing, and delivery services.

What specific AI features are included in the updated Ryde app?

The updated Ryde app includes AI-driven personalized trip recommendations and a smart digital advertising algorithm.

Will the new Ryde app design affect user experience?

Yes, the new design aims to enhance user experience with a modern interface and intuitive navigation.

What is the expected impact on Ryde's revenue with the updated app?

The upgrades are likely to boost revenue through increased trip requests and more effective digital advertising.