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Corporation
comfortdelgro.com.sg

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Portfolio Exits

1

Partners & Customers

10

About ComfortDelGro

ComfortDelGro (SGX: C52) is a land transport company whose businesses include bus, taxi, rail, car rental and leasing, automotive engineering services, inspection and testing services, driving center, insurance broking services, and outdoor advertising. ComfortDelGro was formed from the 2003 merger between Comfort Group and DelGro Corporation.

ComfortDelGro Headquarter Location

205 Braddell Road

579701,

Singapore

(65) 6383 8833

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Latest ComfortDelGro News

ComfortDelGro, Engie partner to expand into green energy

Dec 1, 2021

By Digital News Asia December 1, 2021 Both parties to jointly develop renewable energy Will electrify ComfortDelGro's fleet with technology ComfortDelGro, through its wholly-owned subsidiary, ComfortDelGro Engineering Pte Ltd (CDGE) and ENGIE South East Asia (ENGIE) have expanded their strategic partnership from green mobility to renewable energy. In a statement, the transport operator said by leveraging ENGIE's expertise in renewable energy worldwide, both parties will jointly develop and manage solar solutions as part of ComfortDelGro’s journey towards carbon neutrality. It said through JV company ComfortDelGro Engie Solar, both parties intend to electrify ComfortDelGro's fleet of vehicles with renewable power and offer fast charging solutions to drivers and public electric vehicle (EV) users through renewable energy assets. The Solar JV comes just two months after the first venture, ComfortDelGro ENGIE Pte Ltd, won a tender to deploy 479 EV chargers across the island of Singapore by the third quarter of 2022, the company said. Its incorporation and the projects that it will undertake are however still subject to customary regulatory approvals, it said. With a target to operate by the second half of 2022, ComfortDelGro Engie Solar intends to first install and operate rooftop solar panels atop three buildings at Loyang, Pandan and Ubi, operated by CDGE, it added. Apart from these buildings, the automotive workshops will also run on renewable energy deployed from these rooftop solar panels. The Solar JV also plans to offer renewable energy solutions to ComfortDelGro’s customers and business partners that are looking to deploy renewable energy to their own buildings, the company said. Thomas Baudlot, CEO of Energy Solutions APAC and country head South East Asia, said the company is excited to expand its partnership with ComfortDelGro from green mobility to renewable energy and help accelerate its journey towards carbon neutrality. Ang Soo Hock, CEO of CDGE said “We are excited about taking the partnership with ENGIE further and expanding it into the renewable energy sector. Ang revealed that beyond the electrification of its vehicle fleets is the need to build charging farms powered by renewable energy on our premises that offer fast charging solutions to its cabbies as well as the public EV users. “One of our long term sustainability goals is to meet the preliminary target of 50MWp renewable energy capacity by 2030, which is equivalent to powering up 12,500 four-room housing flats,” Ang added. ComfortDelGro ENGIE has also pledged to play a major role in the deployment of the 60,000 EV chargers targeted by Land Transport Authority as part of the SG Green Plan 2030. It  will leverage on the Solar JV to offer EV charging solutions powered by renewable energy harnessed from the solar panels.

ComfortDelGro Portfolio Exits

1 Portfolio Exit

ComfortDelGro has 1 portfolio exit. Their latest portfolio exit was Lion City Rentals on January 07, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/7/2019

Acquired

1

Date

1/7/2019

Exit

Acquired

Companies

Valuation

Acquirer

Sources

1

ComfortDelGro Acquisitions

11 Acquisitions

ComfortDelGro acquired 11 companies. Their latest acquisition was B&E Blanch on April 23, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/23/2019

$991

Acquired

1

11/5/2018

$991

Acquired

1

8/7/2018

$991

Acquired

1

7/25/2018

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$991

$99M

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10

4/19/2018

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$991

$99M

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10

Date

4/23/2019

11/5/2018

8/7/2018

7/25/2018

4/19/2018

Investment Stage

Companies

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Valuation

$991

$991

$991

$991

$991

Total Funding

$99M

$99M

Note

Acquired

Acquired

Acquired

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Sources

1

1

1

10

10

ComfortDelGro Partners & Customers

10 Partners and customers

ComfortDelGro has 10 strategic partners and customers. ComfortDelGro recently partnered with DBS Bank on June 6, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

6/25/2020

Partner

DBS Bank

Singapore

DBS, ComfortDelGro Taxi in strategic payments partnership

DBS Bank and ComfortDelGro Taxi first partnered in 2017 to introduce QR code payment for taxi rides .

7

6/18/2020

Partner

Alstom, and RATP Dev

France

RATP Dev, ComfortDelGro Transit, and Alstom sign a partnership agreement to submit tenders for Grand Paris Express

RATP Dev , ComfortDelGro Transit , and Alstom sign a partnership agreement to submit tenders for Grand Paris Express .

1

5/29/2020

Client

Burpple

Singapore

Burpple Partners ComfortDelGro Taxi to Bring Down Delivery Costs to Restaurants - ComfortDelGroTaxi

With this partnership , Burpple will be reaching out to all merchants to onboard them onto ComfortDelivery 's platform .

1

4/14/2020

Partner

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10

10/31/2019

Partner

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10

Date

6/25/2020

6/18/2020

5/29/2020

4/14/2020

10/31/2019

Type

Partner

Partner

Client

Partner

Partner

Business Partner

DBS Bank

Alstom, and RATP Dev

Burpple

Country

Singapore

France

Singapore

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News Snippet

DBS, ComfortDelGro Taxi in strategic payments partnership

DBS Bank and ComfortDelGro Taxi first partnered in 2017 to introduce QR code payment for taxi rides .

RATP Dev, ComfortDelGro Transit, and Alstom sign a partnership agreement to submit tenders for Grand Paris Express

RATP Dev , ComfortDelGro Transit , and Alstom sign a partnership agreement to submit tenders for Grand Paris Express .

Burpple Partners ComfortDelGro Taxi to Bring Down Delivery Costs to Restaurants - ComfortDelGroTaxi

With this partnership , Burpple will be reaching out to all merchants to onboard them onto ComfortDelivery 's platform .

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Sources

7

1

1

10

10

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