VEHICLE leasing and distribution company Goldbell Group announced on Monday (Oct 18) its finalisation on the acquisition of electric car-sharing player BlueSG, after the announcement was made in February 2021.
The group, in a press statement, highlighted that out of the planned S$70 million investment capital for the next five years, 60 per cent or S$40 million will be made by 2023, as part of its growth acceleration strategy.
A key priority of the investment will be the establishment of an open innovation platform in Singapore through BlueSG, which will act as a test bed for new and experimental pilot technologies.
Goldbell also noted that it is on track to expand the BlueSG fleet size with immediate effect, and that it will increase its staff strength by 20 per cent at the end of this year.