Tribecar Founder Adrian Lee
Tribecar, Singapore’s homegrown car-sharing platform, has acquired the country’s first car-sharing operator Car Club from Japanese company Mitsui & Co.
The size of the deal has not been disclosed.
The acquisition is part of Tribecar’s efforts to expand and enhance its existing services and offerings across the island.
Car Club will continue to serve its existing customers.
The combined entity will offer Tribecar and Car Club members access to a fleet of over 1,400 vehicles in the coming weeks at locations islandwide. Members of both firms can now access various subscription plans, corporate programmes, premium luxury car options and other transport alternatives (motorcycles, cars, vans and lorries), ranging from hourly bookings to monthly subscriptions and leasing.
Established in 1997 as NTUC Income’s car-sharing co-operative, Car Club was acquired by Mitsui & Co. in 2016, which later entered into a joint venture agreement with another Japanese company Willers.
“With this new relationship, we will have more resources to develop our car-sharing technology arm for businesses and corporations in the region,” said Lewis Chen, General Manager of Car Club.
In January 2021, Tribecar partnered with local insurance firm NTUC Income and wholesale automotive marketplace Carro to provide usage-based insurance (UBI) coverage for its fleet of rental cars.
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