Ryde Group Stock Soars 132.39% on EV Acquisition

On June 19, 2025, Ryde Group's stock surged by 132.39% in pre-market trading, marking a significant rise that has captured the attention of investors and analysts alike.

Ryde Group's recent acquisition has been a major catalyst for its stock price surge. This acquisition is strategically aligned with Ryde's RydeGreen Program, which was launched in December 2024. The program aims to deploy 1,200 electric vehicles (EVs) by 2027, positioning Ryde Group as a key player in the rapidly growing EV market. This move has ignited market buzz and investor interest, driving the stock's impressive performance.

The electric vehicle sector has been a hot topic in the market, and Ryde Group's bold bet on EVs has resonated with investors. The company's commitment to sustainability and innovation has been well-received, further fueling the stock's upward trajectory. As the market continues to favor companies with strong environmental initiatives, Ryde Group's focus on green technology is likely to sustain its momentum.