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New ride hailing mobile app FastGo promises to be the cheapest ride in the market

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The Vietnamese start-up will commence providing services to Singaporeans next month and aims to ease the burden of its drivers, as well as offer lower rates to its customers

Singapore—Vietnam’s FastGo ride hailing mobile app will make its debut in Singapore next month.

Last August, the people behind the firm received funding for the company in a Series A investment from VinaCapital Ventures. For its Series B in, its goal is to raise US$50 million. Each market gets an infusion of S$4 million at least initially, whenever FastGo launches in a new country.And as for the existing ride-hailing companies in Singapore, GoJek, Grab, Ryde, and Tada, she said that FastGo was “competing with them well.”

The company will only charge a daily subscription fee of less than US$5 for drivers who earn more than US$30 in a day. Nguyen Huu Tuat, the Founder and Chairman of FastGo said “FastGo’s model brings the best economic benefit to the drivers and customers. Any FastGo ride will always be cheaper than the others. The customers’ safety is ensured with FastGo insurance package and they are served wholeheartedly by the drivers.

 

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Vietnam’s FastGo revs into Singapore’s ride-hailing marketSINGAPORE — The ride-hailing market here is about to heat up again, with Vietnamese firm FastGo to launch in Singapore next month as part of its expansion plan in South-east Asia.
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