Grab invests in new electric vehicle fleet enabled by SP Group

The new fleet will be progressively rolled out in Singapore from early 2019. Driver-partners on this new model will enjoy preferential EV charging rates from SP, at all their charging stations island-wide. With the cost benefits offered by EVs, they can expect to earn up to 25% more in daily income compared to those on a regular petrol vehicle and up to 20% more daily income compared to a hybrid vehicle.

This announcement marks SP's first fleet partnership since it unveiled plans in June to build Singapore's largest and fastest public EV charging network. SP has committed to build 500 publicly accessible charging points, comprising both DC and AC chargers by 2020.

Grab and SP will study EV usage patterns and behaviours to improve the accessibility and utilisation of charging stations. SP plans to install its charging points within close proximity to coffee shops and food outlets to allow driver-partners to match their charging time with meal and driving breaks.

"We have heard from our driver-partners that a faster charge time and longer EV driving range are important considerations for them when making the switch to EVs. We have taken their feedback on board and have negotiated the best deals to bring them concrete savings and the best vehicle model to cater to their driving needs. We are proud and happy to partner with SP, which has a long history of serving Singaporeans," said Lim Kell Jay, Head of Grab Singapore.

"We are pleased to enable the success of Grab's electrification efforts through our plans to launch Singapore's largest public electric vehicle charging network. The pervasive fast-charging network will provide Grab's EV drivers with convenience and speed in charging their vehicles, while helping them to achieve energy and cost savings. This will accelerate the wider adoption of EVs in Singapore and support the nation's efforts to reduce our carbon footprint," said Mr. Goh Chee Kiong, Head, Strategic Development, SP Group.

Commenting on the partnership, Grab driver-partner Jason Ryan, said, "This new partnership will give me access to more charging locations island-wide, allowing me flexibility to plan my day. I am also excited to try out the new fast-charging EVs, which will let me maximise my time on the road and increase my overall income."