The Business Times
SUBSCRIBERS

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 Fri, Feb 5, 2021 · 09:50 PM

    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.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Electric vehiclesSharing economyM&A

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More