Investments
2Portfolio Exits
1Funds
1Partners & Customers
10About 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 founded in 2003 and is based in Singapore.

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Latest ComfortDelGro News
Mar 28, 2023
ComfortDelGro’s planned purchase of new hybrid taxis comes as its push towards fully electric vehicles has slowed. ST PHOTO: KUA CHEE SIONG https://str.sg/iZ2t SINGAPORE - ComfortDelGro is looking to put up to 1,000 new petrol-electric hybrid taxis on the roads here as the taxi giant continues to move away from diesel-powered vehicles towards more environmentally sustainable alternatives. The listed transport group, which owns the Comfort and CityCab taxi brands, called a tender on March 23 for the supply of 500 new hybrid taxis that are expected to be delivered and ready for use from Nov 1. The tender, which closes on May 12, also comes with an option for another 500 hybrid taxis, with delivery no later than October 2025. If exercised, this option would take the total order to 1,000 hybrid taxis, equivalent to about 11 per cent of ComfortDelGro’s current fleet of 8,700 cabs. According to documents seen by The Straits Times, both authorised car dealers and parallel importers are eligible to bid for the tender, and the contract may be awarded to one or multiple suppliers. In response to queries, Ms Tammy Tan, group chief corporate affairs officer at ComfortDelGro, said the company’s latest order of hybrid cabs is to replace diesel-powered Hyundai i40 taxis that are reaching the end of their lives in 2024. The statutory lifespan for diesel and hybrid taxis is eight years. For electric taxis, it is 10 years. The Hyundai i40 first entered ComfortDelGro’s ranks in 2013, and it is the oldest taxi model that the company currently offers for hire. It is followed by the Toyota Prius petrol-electric hybrid - the company’s first non-diesel taxi - and the Hyundai Ioniq hybrid, which the company started rolling out in 2017. In recent years, ComfortDelGro has been buying hybrid taxis in bulk to reduce its carbon footprint. The company did not share figures when asked by ST, but Land Transport Authority records show that hybrid taxis currently make up the large majority of cabs across the industry here. As at end-February, there were 9,635 petrol-electric hybrid taxis, accounting for about 69 per cent of Singapore’s taxi fleet. This is up from 5,646 hybrid cabs in February 2019. At the same time, the number of diesel taxis has fallen sharply over the same period, in line with an overall drop in the total number of cabs from about 20,000 in 2019 to less than 14,000 now. There were 3,912 diesel cabs as at end-February, compared with 14,454 four years ago. More On This Topic
ComfortDelGro Investments
2 Investments
ComfortDelGro has made 2 investments. Their latest investment was in Shift4Good as part of their Seed on January 1, 2023.

ComfortDelGro Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
1/27/2023 | Seed | Shift4Good | $4.3M | Yes | 1 | |
1/10/2023 | Series A - II |
Date | 1/27/2023 | 1/10/2023 |
---|---|---|
Round | Seed | Series A - II |
Company | Shift4Good | |
Amount | $4.3M | |
New? | Yes | |
Co-Investors | ||
Sources | 1 |
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
14 Acquisitions
ComfortDelGro acquired 14 companies. Their latest acquisition was Ming Chuan Transportation on January 10, 2022.
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 |
---|---|---|---|---|---|---|
1/10/2022 | Corporate Majority | 2 | ||||
4/23/2019 | Acquired | 1 | ||||
11/5/2018 | Acquired | 1 | ||||
8/7/2018 | ||||||
7/25/2018 |
Date | 1/10/2022 | 4/23/2019 | 11/5/2018 | 8/7/2018 | 7/25/2018 |
---|---|---|---|---|---|
Investment Stage | |||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Corporate Majority | Acquired | Acquired | ||
Sources | 2 | 1 | 1 |
ComfortDelGro Fund History
1 Fund History
ComfortDelGro has 1 fund, including ComfortDelGro Venture Capital Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
1/1/2018 | ComfortDelGro Venture Capital Fund | $100M | 1 |
Closing Date | 1/1/2018 |
---|---|
Fund | ComfortDelGro Venture Capital Fund |
Fund Type | |
Status | |
Amount | $100M |
Sources | 1 |
ComfortDelGro Partners & Customers
10 Partners and customers
ComfortDelGro has 10 strategic partners and customers. ComfortDelGro recently partnered with Gojek on November 11, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
11/28/2022 | Client | Indonesia | Gojek teams up with top Singapore taxi firm to ease driver crunch The two-year partnership aims to give Gojek users in the city-state greater access to ComfortDelGro 's 10,000-strong taxi fleet through its ride-hailing app , the two companies announced on Monday . | 2 | |
10/4/2022 | Partner | United Kingdom | Stagecoach Group 's Joint Venture with Comfort DelGro , Scottish Citylink wins ` Best Bus Service ' for its `` 6 Cities '' network of services . | 1 | |
7/29/2022 | Partner | United Kingdom | Stagecoach confirms future for its inter-city coach retail operations - Stagecoach Group On behalf of ComfortDelGro , Sean O'Shea , Chief Executive Officer for Metroline , said : `` ComfortDelGro 's 20-year long relationship with Stagecoach Group in Scotland is set to expand and I look forward to working together to deliver great services for inter-city customers in England and Wales . '' | 1 | |
6/9/2022 | Partner | ||||
6/8/2022 | Partner |
Date | 11/28/2022 | 10/4/2022 | 7/29/2022 | 6/9/2022 | 6/8/2022 |
---|---|---|---|---|---|
Type | Client | Partner | Partner | Partner | Partner |
Business Partner | |||||
Country | Indonesia | United Kingdom | United Kingdom | ||
News Snippet | Gojek teams up with top Singapore taxi firm to ease driver crunch The two-year partnership aims to give Gojek users in the city-state greater access to ComfortDelGro 's 10,000-strong taxi fleet through its ride-hailing app , the two companies announced on Monday . | Stagecoach Group 's Joint Venture with Comfort DelGro , Scottish Citylink wins ` Best Bus Service ' for its `` 6 Cities '' network of services . | Stagecoach confirms future for its inter-city coach retail operations - Stagecoach Group On behalf of ComfortDelGro , Sean O'Shea , Chief Executive Officer for Metroline , said : `` ComfortDelGro 's 20-year long relationship with Stagecoach Group in Scotland is set to expand and I look forward to working together to deliver great services for inter-city customers in England and Wales . '' | ||
Sources | 2 | 1 | 1 |
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