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Singapore car-sharing service Shariot, related firms face S$180 million debt; exploring survival options

Lawyer’s letter to creditors requests temporary standstill on enforcement or recovery actions including statutory demands, repossessions

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Derryn Wong

Derryn Wong

Published Wed, Nov 26, 2025 · 10:55 AM
    • Shariot debuted in 2020 offering short-term vehicle rentals. At launch, its fleet consisted of 250 vehicles at 85 locations, and advertised rental rates as low as S$1 an hour.
    • Shariot debuted in 2020 offering short-term vehicle rentals. At launch, its fleet consisted of 250 vehicles at 85 locations, and advertised rental rates as low as S$1 an hour. PHOTO: BT FILE

    [SINGAPORE] A group of nine related companies, including car-sharing service Shariot and rental company Autobahn Rent A Car, is exploring restructuring options.

    The Business Times understands that the group’s debts are in the region of S$180 million and creditors have been asked to hold off on enforcement and recovery actions until concrete next steps are decided.

    A letter seen by BT dated Nov 25 from law firm Fervent Chambers to the companies’ creditors, said that Fervent has been appointed by the companies to advise on “potential restructuring options”.

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    Debt restructuringInsolvency

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