LTA issues Grab taxi operator licence in Singapore
GrabCab receives street-hail service operator licence valid for 10 years from Apr 9, is sixth such operator here
[SINGAPORE] The Land Transport Authority (LTA) has issued a street-hail service operator licence to Singaporean ride-hail and delivery company Grab.
LTA said the licence is valid for 10 years from Apr 9, and was awarded to GrabCab, a subsidiary of Grab Rentals and sister company of GrabCar.
GrabCar is the ride-hail and food delivery subsidiary of Nasdaq-listed Grab Holdings, and currently has ride-hail and car-pooling operator licences.
A street-hail service operator licence allows a company to operate taxis, which can serve both street-hail and ride-hail rides. Private hire cars used for ride-hailing may only be used to serve ride-hailing rides.
The street-hail licence makes Grab the sixth taxi company here, after CityCab and Comfort Transportation (both subsidiaries of ComfortDelGro), Prime Taxi, Strides Premier, and Trans-cab Services.
GrabCab will be given a three-year grace period to progressively expand its fleet to at least 800 taxis, LTA added.
In 2024, Grab’s proposed acquisition of taxi operator Trans-cab Services fell through after both parties withdrew their application to the Competition and Consumer Commission of Singapore.
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