Latest Airport Transfers News

Jayride Group Limited reported a $322K net cash outflow for the September quarter as it shifts from airport transfers to a SaaS mobility platform, raising $200K through convertible notes to support its transformation.

JAYRIDE Group Limited is advancing its transformation into a scalable Mobility-as-a-Service platform, securing new funding and expanding its SaaS footprint across the Asia-Pacific region.

JAYRIDE Group has inked a pivotal SaaS agreement with Thailand’s Drivemate, marking a strategic shift from airport transfers to a full-scale digital mobility platform. The partnership launches with a 2,000-vehicle pilot in Bangkok and aims for nationwide expansion within a year.

Jayride Group has launched a new SaaS platform aimed at transforming its business model from a traditional aggregator to a scalable, subscription-based technology provider for ground transportation. Early integrations in Southeast Asia signal a strategic shift with promising growth potential.

Jayride Group has appointed a new management team and raised $1.51 million to fund a major restructuring focused on halving operating costs and resolving supplier payment issues. Despite supply constraints, demand remains strong, positioning the company for a potential rebound.

Jayride Group reports a sharp decline in bookings amid supplier payment challenges but eyes growth through API technology and cost cuts.