Japan's leading auto leasing player Sumitomo Mitsui Auto Service acquires stake in car-sharing platform Tribecar in a push for greener mobility

January 08, 2025 01:00 PM AEDT | By Cision

Japan's leading auto leasing player Sumitomo Mitsui Auto Service acquires stake in car-sharing platform Tribecar in a push for greener mobility — Image source: Kalkine Media

Recent News

Hawo’s Story: How One Mother Persevered To Feed Her Family

Analysts explain why Hims & Hers stock is crashing today

Coinbase shares rise as SEC set to drop case

Funnelmax: The Innovative, Versatile Tool Revolutionizing Multiple Ind...

Creating a sustainable future through comprehensive mobility services like car-sharing.

SINGAPORE and JAPAN, Jan. 8, 2025 /PRNewswire/ -- Sumitomo Mitsui Auto Service, Japan ("SMAS") and Tribecar, Singapore ("Tribecar") will become partners in the development of car-sharing services and technology in Singapore and in the region.

Adrian Lee, Co-Founder of Tribecar with Kei Sato, President & CEO of SMAS

SMAS, with its extensive experience in managing over 1 million vehicles across Japan, Australia, India, Indonesia, and Thailand, offers a comprehensive suite of automotive solutions, including leasing, fleet management, risk management, cost optimization, and sustainable fleet development.

Tribecar is the only car-sharing service provider in Singapore to offer a comprehensive fleet of 1,500 vehicles, including passenger cars, commercial vans, and motorcycles. This diverse range of options caters to a wide spectrum of drivers, from families and new drivers to private-hire vehicle (PHV) and commercial operators.

By joining forces with Tribecar, SMAS gains access to cutting-edge car-sharing technologies and expertise. This collaboration will expedite the development of innovative personal mobility solutions across the region.

To further strengthen its commitment to sustainable mobility, SMAS has acquired a minority stake in Tribecar. This strategic move aligns with SMAS's broader goal of expanding its portfolio of environmentally friendly technology solutions.

"This partnership with SMAS marks a significant milestone for Tribecar. By joining forces, we're poised to shape the future of mobility, offering innovative solutions that cater to the evolving needs of our customers." said Adrian Lee, Co-Founder of Tribecar.

"We are excited to partner with Tribecar to accelerate the growth of car-sharing services in Singapore and the region. By combining SMAS's expertise in mobility solutions with Tribecar's innovative platform, we aim to shape the future of sustainable mobility." said Kei Sato, President & CEO of SMAS.

SMAS intends to trial the technology by Tribecar as soon as 2025 in one of its subsidiaries.

To commemorate this new partnership, customers of Tribecar can look forward to exciting new discounts and services to mark this occasion. Stay tuned to Tribecar's social media channels for more details.

The Tribecar app is available for download via the Google Play Store and the Apple App Store.

About Tribecar

Tribecar is Singapore's most comprehensive car-sharing platform, offering a diverse fleet of over 1,500 vehicles – from passenger cars to commercial vans and motorcycles – conveniently located island-wide. Founded in 2016, Tribecar provides a more affordable and better peace of mind alternative to car ownership and car-sharing in Singapore.

Key Benefits:

Flexible Rentals: Rent by the hour, day, or week to suit your needs.
All-Inclusive Pricing: Enjoy transparent pricing that includes insurance, COE, road tax, and maintenance.
24/7 Bookings & Pick-Up: Book and access your car anytime, anywhere through our user-friendly app.
Wide Range of Vehicles: Choose the perfect vehicle for your needs, whether it's a family outing, a commercial delivery, or just a quick errand.
Compliance & Safety: All vehicles comply with LTA regulations and come equipped with comprehensive insurance, including coverage for private-hire, food delivery, and leisure use. P-plate drivers from the age of 18 years old are also welcome.

Download the Tribecar app today from the Google Play Store or Apple App Store. Visit our website (https://www.tribecar.com/) to learn more.

About SMAS

As a leading company in the auto leasing industry, our goal is to be "Mobility Platformer aiming for Sustainable Society", in order to contribute to the development of automobile society and global sustainability. We are committed to creating a sustainable future through "comprehensive mobility services" that meet all kinds of needs related to the movement of people and goods.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.

Two ASX Listed Stocks Giving Bullish Indications

Full Name

Mobile

By submitting your details above and clicking on the 'Download Report' button, you confirm that you are happy for one of the representatives of Kalkine Media or its group entities to contact you to discuss the services, consent to - our Terms & Conditions, and to receive marketing offers, including to be contacted by email or phone, as set out in our Privacy Policy. Any calls will be made by Kalkine group's telemarketing entities on our behalf or on behalf of Kalkine group entities.

Markets

Disclaimer

Recent Articles

1

2

3

4

5

Investing Tips

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27