Ryde Partners with Concorde to Expand Job Opportunities for Drivers in Singapore's Security Sector

Ryde Group has partnered with Concorde International Group to expand job opportunities for drivers in Singapore's facilities management and security services sector. The initiative aims to fill thousands of flexible roles and address workforce shortages in the gig economy. Ryde's driver-partners will be able to accept security-related jobs in addition to transportation and delivery gigs, enabling them to maximize earnings during downtime. Concorde plans to onboard up to 5,000 driver-partners over time.

Singapore-based Ryde Group Ltd. (NYSE American: RYDE) has joined forces with Concorde International Group Ltd. (NASDAQ: CIGL) to offer new job opportunities for drivers in Singapore's facilities management and security services sector. This strategic partnership aims to address workforce shortages and create flexible roles in the growing gig economy.

Under the agreement, Ryde's driver-partners will undergo specialized security training provided by Concorde, enabling them to perform security tasks during periods when they are not providing transportation services. The initiative aligns with Ryde's "7 Driver Commitments" program, which focuses on expanding income streams for its partners. This diversification beyond traditional ride-hailing and delivery services represents a significant step for Ryde.

Concorde, known for its proprietary Cluster Mobile Command Center technology, will work alongside Ryde to train and deploy drivers in short-term, on-demand security assignments. The partnership aims to onboard up to 5,000 driver-partners over time, addressing manpower demands across various facilities in Singapore. Participants will undergo targeted training from Concorde Security to secure the necessary certifications for facility and security tasks.

The program is scheduled to roll out in October 2025 following the completion of training and the integration of security task assignments. Concorde CEO Swee Kheng (Alan) Chua stated that the company plans to enhance its Integrated Facilities Services model with AI-powered tools such as predictive patrolling, IoT-enabled anomaly detection, and real-time decision support.

Ryde founder and CEO Terence Zou called the partnership "an entirely new vertical of earning opportunities" for drivers and a step toward building a resilient, multi-faceted platform. The initiative is expected to optimize both service quality and response times, leveraging Concorde's technological solutions.

Price action: At last check, RYDE shares were trading higher by 6.62% to $0.32 premarket, while CIGL shares were down 0.50% at $1.98 [1].

References:
[1] https://www.benzinga.com/trading-ideas/movers/25/08/47086826/ryde-teams-with-concorde-to-put-drivers-in-singapores-security-jobs
[2] https://ca.investing.com/news/company-news/ryde-partners-with-concorde-to-offer-security-jobs-to-drivers-93CH-4154482