Technology is evolving at lightning speed presenting both opportunities and challenges in the way we plan and deliver passenger transport and infrastructure. We know tomorrow’s transport solutions will be more personal, more autonomous, more integrated and more sustainable.
In growing our existing businesses, we committed to pursuing strategic investments in new and emerging tech start-ups that bridge the gap between what is, and what could be.
“Mobility Comes to Life” is our strategic vision. In 2019, ComfortDelGro established a US$100 million corporate venture capital fund to invest in transport related start-ups that plug technology gaps and address the impact of disruptive challenges to our core land transport business.
In line with the vision, ComfortDelGro has made three strategic investments in transport-related technology start-ups:
Our first investment in Ministry of Movement (SWAT) – a shared mobility tech start-up with a demand response transport technology based in Singapore. Following the trial’s success, CDC launched the on-demand bus service called Hillsbus MetroConnect providing first and last mile connections for Metro customers using the technology provided by the Ministry of Movement (SWAT). MetroConnect is a point to hub service in Sydney’s Hills District.
Our second investment in Haulio – a container trucking technology start-up company based in Singapore that helps match trucking job demand with supply, helping trucking companies save time and resources, while improving visibility and reliability for end customers.
Our third investment in Foretellix – an Israel-based autonomous vehicle safety testing and compliance technology start-up company – focuses on developing solutions to bridge the gap between current vehicle testing standards and the eventual stringent safety and compliance requirements that autonomous vehicles will need to achieve for full commercialisation.
Other technology start-up investments being assessed include opportunities that impact and help to improve ComfortDelGro’s core businesses including vehicle electrification and autonomous vehicle fleet management as well as adjacent disciplines such as smart logistics, artificial intelligence, cyber security and robotics.
We are heavily invested and committed to re-imagining tomorrow’s transport solutions.