Carsharing platform GetGo is getting yet another boost here in Singapore, thanks to a new $20 million investment from Treis, a family-backed investment group.

GetGo states that the investment will enable it to accelerate the growth of its electric fleet, which is now targeted to reach 10,000 greener vehicles by 2030. The firm also plans to strengthen its technology and operational platform. This news comes after it announced that it would be fielding the all-electric Ioniq 5 as part of its carsharing fleet in May of 2022.

The platform now sports a fleet of 2,100 vehicles, available across 1,400 locations, serving over 50,000 users making more than 150,000 bookings each month. New users are able to join in on the platform without any deposit or membership fees, and can book a car from periods ranging from an hour to five days. The cost of booking a car on GetGo is based on duration and distance, with fuel, maintenance, and insurance costs all included.