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In 50 Words: Singapore’s GetGo posts 300% yearly increase in 2022 revenue

Singapore-based car-sharing platform GetGo posted US$34.1 million in FY2022 revenue, marking a 300% year-on-year increase.

Despite rising expenses, its net profits rose marginally to US$94,900.

The startup operates around 2,700 vehicles across over 1,600 locations. Each month, GetGo records nearly 200,000 bookings.

The platform allows users to rent for up to five days, with pricing inclusive of fuel, maintenance, and insurance.

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