What's Happening?
Ryde Group Ltd, a mobility and quick commerce platform, has announced a strategic partnership with Concorde International Group Ltd to create job opportunities for Ryde's driver-partners in the facilities management and security sectors. This collaboration aims to diversify income streams for drivers while addressing the growing demand for manpower across various sectors in Singapore. Ryde driver-partners will be able to accept short-term, on-demand security-related assignments, enhancing their earning potential beyond traditional ride-hailing and delivery services. Concorde will provide specialized security training to equip drivers with necessary skills and certifications. The partnership is set to launch operations in October 2025.
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Why It's Important?
This partnership represents a significant expansion of the gig economy into the security services sector, offering Ryde's driver-partners new revenue streams and flexible working opportunities. By integrating Ryde's extensive network of drivers with Concorde's expertise in facilities and security services, the collaboration aims to strengthen Singapore's workforce and economic resilience. The initiative is expected to create thousands of flexible jobs, benefiting both the driver community and the nation's economy. Additionally, the partnership aligns with Ryde's mission to reimagine mobility and create sustainable earning opportunities.
What's Next?
Ryde and Concorde plan to onboard up to 5,000 driver-partners for this partnership, following the completion of initial training programs and technology integration. The collaboration will be powered by an integrated technological solution to efficiently match security needs with available personnel. Concorde aims to explore AI-driven technologies to enhance operational efficiency and deliver smarter solutions to clients. As the partnership scales, Ryde expects it to become a significant new revenue stream in the coming years.
