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Goldbell to invest S$70m over the next 5 years to refresh, expand BlueSG fleet

It also plans to expand car-sharing business in the region, with BlueSG serving as the global headquarters

Published Sat, Feb 6, 2021 · 05:50 AM
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Singapore

VEHICLE leasing and distribution firm Goldbell Group will invest S$70 million over the next five years to refresh and expand BlueSG's electric vehicle fleet, which it is acquiring from Bollore Group.

In addition to repairing, replacing and adding vehicles, Goldbell plans to expand the car-sharing business regionally, with BlueSG serving as the global headquarters.

KEYWORDS IN THIS ARTICLE

Sharing economy
M&A

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