Home > Home > Car rental service Drive.sg raises almost $800,000, plots Asia expansion

Car rental service Drive.sg raises almost $800,000, plots Asia expansion

03/11/2014| 3:05:17 PM| 中文

Singapore-based online car rental marketplace Drive.sg has raised $790,000 (SGD 1 million) in a Series A round from Insas Berhad, an investment company in Malaysia.

Drive.sg will use the fund to expand its service to other Asian markets – beginning with Malaysia and Philippines. The online reservation sites for both of these countries will be ready by mid-2014 and will also offer rental of mini-coaches and limousines.

In January 2013, the company announced a seed investment for $157,000 from private investor John Tan.

The company’s service include online car rental for short-term, long-term and chauffeur driven services.

Read full story at: http://www.tnooz.com/article/singapore-online-car-rental-service-drive-sg-raises-790000-usd/

TAGS: Drive.sg | Car Rental | Financing
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