Uber's Lion City Rentals finally sold

Cars from Lion City Rental seen at Singapore Sports Hub's carpark, on Sept 25, 2018.
Cars from Lion City Rental seen at Singapore Sports Hub's carpark, on Sept 25, 2018.PHOTO: ST FILE
Senior Transport Correspondent
  • Published
    Jan 5, 2019, 2:03 pm SGT
New: Gift this subscriber-only story to your friends and family

SINGAPORE - Two local motor companies have bought Uber-owned Lion City Rentals, marking the United States ride-hailing firm’s complete exit from Singapore.

WayDrive Holdings, a new joint venture between vehicle trader Motorway Group and investment vehicle Toh Motors, signed on the dotted line on Friday evening to acquire 100 per cent of Lion City Rentals for an undisclosed sum.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*
Subscribe now

*Terms and conditions apply.

Join ST's Telegram channel here and get the latest breaking news delivered to you.

Topics: