Ryde Group shares surge 10.21% intraday after deepening partnership with GO-GENIE to optimize gig worker opportunities.

Ryde Group surged 10.21% intraday following the announcement of a deepened partnership with GO-GENIE to optimize resources and expand opportunities for gig workers. This strategic collaboration, disclosed 1 day ago, aligns with Ryde’s recent focus on workforce development and operational efficiency. Additional catalysts included its expansion into the electric vehicle rental market and a $14 million capital raise 14 days prior, signaling financial strength and growth momentum. The stock’s sharp rise reflects investor optimism over Ryde’s diversified mobility strategies and partnerships, including its Tencent Cloud integration and EV initiatives, which collectively underscore its positioning in Singapore’s evolving transportation and sustainability landscape.