Photo credit: The Business Times
The Land Transport Authority (LTA) of Singapore has issued a Street-hail Service Operator Licence to Grab.
LTA said the license is valid for 10 years starting April 9, and it was awarded to GrabCab – a subsidiary of Grab Rentals and a sister company of GrabCar.
GrabCar is the ride-hailing and food delivery subsidiary of Nasdaq-listed Grab Holdings and is currently licensed to offer ride-hailing and car-pooling services.
The Street-hail Service Operator Licence allows a company to operate taxis, which can serve both street-hail and ride-hail rides. Private hire cars used for ride-hailing may only be used to serve ride-hailing rides.
With the new license, Grab has become the sixth taxi company in the city-state, after CityCab and Comfort Transportation (both subsidiaries of ComfortDelGro), Prime Taxi, Strides Premier, and Trans-cab Services.
GrabCab will be given a three-year grace period to progressively expand its fleet to at least 800 taxis, LTA added.
In 2024, Grab’s proposed acquisition of taxi operator Trans-cab Services fell through after both parties withdrew their application to the Competition and Consumer Commission of Singapore.
See also: Grab’s deal for its second Malaysian supermarket checks out
This story was republished with permission from The Business Times. It was moderately edited to reflect Tech in Asia’s editorial guidelines.
Editing by Jaclyn Tiu
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