RYDE 6-K
Ryde Group Ltd (RYDE)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2026
Commission File Number: 001-41950
Ryde Group Ltd
Duo Tower, 3 Fraser Street, #08-21
Singapore 189352
+65-9665-3216
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Ryde Group Ltd (the “Company”) is pursuing a strategic regional expansion to extend its technology-driven mobility platform beyond Singapore into key Asian urban centers. Hong Kong represents a highly attractive market due to its dense population, significant demand for reliable transportation, and growing adoption of environmentally sustainable mobility solutions. This expansion aligns with the Company’s long-term vision to develop a scalable, regional mobility ecosystem that leverages its operational expertise, technology platform, and driver network. By establishing a foothold in Hong Kong, Ryde aims to diversify its geographic exposure, create new revenue opportunities, enhance platform utilization, and strengthen shareholder value, while advancing sustainability objectives through the deployment of electric vehicles.
In furtherance of this strategic initiative, on April 14, 2026, the Company entered into a Call Option and Agency Agreement (the “Agreement”) with Envision W International Ltd (“EWIL”). The Agreement grants the Company the option to purchase a total of up to 50 Hong Kong taxi licenses and up to 50 electric vehicles (“Assets”). Pursuant to the Agreement, the Company will pay a refundable deposit of US$14.5 million (the “Deposit”) to EWIL. The Agreement is valid for a period of six months from the date of the Agreement (the “Option Period”). During the Option Period, the Company may exercise the option to purchase the Assets. The Agreement does not obligate the Company to acquire any Assets, and any such acquisitions remain subject to the Company’s sole discretion during the Option Period. Any portion of the Deposit not applied toward the purchase of Assets during the Option Period will be refunded in full to the Company upon expiration of the Option Period. Any such acquisitions will be subject to the Company’s internal approval processes and applicable regulatory requirements.
A press release dated April 14, 2026 announcing the corporate updates included as Exhibit 99.1 of this Report.
EXHIBIT INDEX
| Exhibit No. | Description | |
| 99.1 | Press release |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Ryde Group Ltd | ||
| Date: April 14, 2026 | By: | /s/ Zou Junming Terence |
| Name: | Zou Junming Terence | |
| Title: | Chairman of the Board of Directors and Chief Executive Officer | |
Exhibit 99.1
Ryde Advances Regional Expansion Strategy with Entry into Hong Kong Mobility Market
SINGAPORE, April 14, 2026 – Ryde Group Ltd (NYSE American: RYDE) (“Ryde” or the “Company”), a leading technology platform for mobility and quick commerce in Singapore, today announced its strategic expansion into the Hong Kong market. This milestone marks a significant step in Ryde’s regional growth strategy and strengthens its position as a key player in Asia’s evolving mobility landscape.
Entry into Hong Kong with Scalable Mobility Infrastructure
As part of this expansion, Ryde will acquire up to 50 Hong Kong taxi licenses and deploy up to 50 electric vehicles (“EVs”). This initial rollout is intended to establish a capital-efficient and scalable operating base in one of Asia’s most densely populated and high-demand mobility markets.
By integrating licensed taxi operations with EV deployment, Ryde will introduce a differentiated, technology-enabled service offering aimed at improving driver economics, enhancing rider experience and supporting the transition toward lower-emission urban transportation.
Expanding Geographic Footprint to Drive Revenue Growth
The Company’s entry into Hong Kong represents a strategic step in diversifying its geographic exposure and unlocking new revenue opportunities beyond its home market of Singapore. Leveraging its proprietary platform, established driver network model and operational expertise, Ryde is well-positioned to scale efficiently while adapting to local regulatory and market conditions. This expansion is expected to strengthen network effects, increase platform utilization and support more resilient, multi-market revenue streams over time.
Positioned to Capture Demand in a High-Value Urban Mobility Market
“Expanding into Hong Kong marks an important milestone in Ryde’s growth journey,” said James Tan, Chief Product Officer of Ryde. “We are entering a highly attractive market with strong, consistent demand for mobility services and clear momentum toward technology-driven and sustainable transportation. Our platform is designed to scale efficiently, and we believe this expansion positions us to capture meaningful opportunities while delivering long-term value to our shareholders.”
Advancing a Scalable, Asset-Enabled Growth Strategy
This expansion underscores Ryde’s broader strategy of combining platform technology with targeted asset deployment to accelerate growth and strengthen its competitive positioning. By entering key gateway cities such as Hong Kong, the Company aims to build a scalable regional mobility ecosystem that delivers sustainable, long-term value for customers, drivers and investors.
About Ryde Group Ltd
Ryde is a super mobility app founded in Singapore and recognised as the world’s FIRST on-demand carpooling app since 2014. As a publicly listed company on the NYSE American, Ryde is reimagining the way people and goods move around by offering a full suite of services, including carpooling, private hire, taxi, and delivery. What distinguishes Ryde is its commitment to empowering private-hire and taxi partners by taking 0% commission, ensuring that drivers retain more of their hard-earned earnings. For more information, please visit https://rydesharing.com/.
Safe Harbor Statement
This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.
Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement.
Contacts
For Media Relations:
Media Team
Ryde Group Ltd
Email: [email protected]
For Investor Relations:
Investor Relations Team
Ryde Group Ltd
Email: [email protected]