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GetGo back to profit after easing on the gas in 2024

The firm is closing in on 500,000 registered users, up from about 300,000 at the end of 2023

Summarise
    • Toh says that the company needs to be “disciplined” and not chase certain metrics – such as revenue and profit – “for certain metrics’ sake”.
    • Toh says that the company needs to be “disciplined” and not chase certain metrics – such as revenue and profit – “for certain metrics’ sake”. PHOTO: GETGO

    Miguel Cordon

    Published Mon, Aug 11, 2025 · 02:13 PM

    IF 2023 was the year of aggressive fleet expansion for Singapore-based GetGo, 2024 was about hitting the brakes.

    After growing its fleet to 3,000 vehicles in 2023, the car-sharing firm focused on getting more users last year, Toh Ting Feng, co-founder and CEO of GetGo, told Tech in Asia.

    Beyond expanding its fleet size, the firm also upped its staff count and inked new partnerships in 2023. This increased its burn rate, causing the company to move into the red that year.

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