Tag: mobility services
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Singapore’s Shariot and Related Firms Face S$180 Million Debt: What This Means for Car-Sharing
Overview: A Car-Sharing Group in Financial Trouble Singapore’s burgeoning car-sharing scene is facing a major shakeup as Shariot, along with eight related companies including Autobahn Rent A Car, explores restructuring options. The group reportedly carries debts around S$180 million, prompting questions about liquidity, capitalization, and the future of shared mobility operators in a competitive Southeast…
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Singapore’s Shariot and Related Firms Seek Restructuring Amid S$180 Million Debt Load
Background: A Group Under Financial Strain Singapore’s car-sharing sector is facing a significant financial hurdle as Shariot, a well-known on-demand vehicle-sharing platform, along with eight related companies, considers restructuring options. The group’s aggregate debts are reported to be around S$180 million, a figure that has caught the attention of creditors, investors, and industry observers alike.…