Singapore firm buys majority stake in UniRide


UniRide runs a fleet of Perodua Axia in Universiti Teknologi Mara and Universiti Utara Malaysia under its car sharing programme.

KUALA LUMPUR: Singapore listed BM Mobility Ltd is buying an electric bike dealer in Malaysia that has a majority stake in car sharing programme targeting local universities.

“The proposed acquisition further serves as a strategic platform for the group to scale up vehicle rental business by introducing electric scooters and reaching out to more universities in Malaysia,” the company said in a filing with the exchange today.

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