SINGAPORE: Singapore-based Goldbell Group on Friday confirmed plans to acquire electric-car sharing firm BlueSG, saying it will invest more than S$70 million into expanding the firm's business and technical capabilities over the next five years.
He declined to reveal how much the deal is worth, but said the S$20 million to S$25 million estimates previously reported by the Straits Times was"understated". Among the potential revenue streams being considered for BlueSG is corporate car-sharing, where companies allow their employees access to dedicated fleets, he added, noting Goldbell's experience with vehicle leasing.
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