ComfortDelGro forms new private mobility group for its transport, lifestyle businesses

COMFORTDELGRO on Monday announced that it will bring its taxi, private bus, car rental and leasing, as well as lifestyle businesses, under a new umbrella division called the Private Mobility Group (PMG). This comes amid an ongoing strategic review by the group.

"The move aims to synergise and leverage on ComfortDelGro's core strengths in land transport solutions, whilst making it easier for customers to gain access to the various services in the group," said the group in a bourse filing.

It added: "The re-organisation will allow for a more focused approach in the development of novel and sustainable mobility solutions using digital technology and clean energy."

The PMG, which will have a combined fleet size of over 12,000, will be headed by the group's chief risk and sustainability officer Jackson Chia. He will hold both posts concurrently until a suitable replacement is found for his current position, said ComfortDelGro.

Mr Chia will oversee the various business units comprising ComfortDelGro Taxi, ComfortDelGro Bus, ComfortDelGro Rent-a-Car, as well as Zig, a lifestyle and mobility app that allows users to book taxis, plan journeys and make dining reservations. He will report directly to the managing director or group chief executive.

Meanwhile, as part of the plan, a "mega app" will be introduced by early next year, said the filing. The app will allow customers to select from a variety of service offerings on a single platform, such as to make restaurant bookings or for taxi users to rent a car for the weekend.

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Said Mr Chia: "Pooling the resources in the Private Mobility Group will enable us to develop smart and green intermodal mobility solutions for our clients. With scale and our diverse range of assets, we will be better positioned to forge partnerships to experiment and offer innovative products and services."

He added that the group intends to expand its service offerings in the future, such as providing learner driving services and medical transport.

"The intent is to cross-market (ComfortDelGro's) extensive range of transport solutions to enable convenience to the different communities that we serve."

Shares of ComfortDelGro ended Monday up S$0.01 or 0.6 per cent at S$1.68.