BlueSG Pte. Ltd.
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BlueSG Pte. Ltd. - overview
Location
Singapore, -, Singapore
Primary Industry
Transportation Services
About
BlueSG Pte. Ltd. , based in Singapore, operates a pioneering electric car-sharing service, providing a sustainable transportation alternative for urban mobility. BlueSG Pte.
Ltd. specializes in electric car-sharing solutions, primarily targeting Singapore's urban population. The company was founded to promote eco-friendly transportation and has expanded its fleet to 1,000 electric vehicles. The headquarters is located in Singapore, where it continues to develop its services.
The founder, whose prior entrepreneurial experience is not disclosed, has positioned the company at the forefront of sustainable travel solutions in the region. BlueSG has not undergone any significant pivots in its business strategy since its establishment. Recent funding rounds have not been specified, but the company has continually attracted investment to support its operations in Singapore. BlueSG offers a 24/7 electric car-sharing solution in Singapore, providing an eco-friendly alternative to traditional transportation methods.
The service allows users to rent fully electric cars without the obligation to return them to the initial pickup location. Aiming at urban dwellers, tourists, and environmentally conscious individuals, BlueSG operates a fleet of 1,000 electric vehicles across 500 locations in Singapore, promoting sustainable transportation practices by eliminating CO2 emissions, noise pollution, and fuel costs. In 2022, BlueSG reported a revenue of USD 17. 01 mn, with an EBITDA of USD -7.
82 mn. The company generates revenue through a subscription-based model and pay-per-use pricing for their car-sharing services, allowing users to manage rentals via the BlueSG mobile app. BlueSG Pte. Ltd.
is currently focused on expanding its electric vehicle fleet and enhancing its car-sharing services. Future plans include the introduction of new membership packages designed to attract a broader customer base. The company may explore potential expansion into neighboring markets in Southeast Asia, with a timeframe for this expansion to be determined based on operational readiness and market analysis. Funding will be allocated towards fleet expansion and increased service capacity to meet growing demand.
Primary Industry
Transportation Services
Sub Industries
Car Hire Services
Website
www.bluesg.com.sg
Verticals
Mobile Apps
Total Amount Raised
Subscriber access only
BlueSG Pte. Ltd. - financials
| Fiscal Year Ended | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Mar 31, 2024 | Mar 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 32,921 | 1,949,187 | 5,315,620 | 14,264,976 | 21,128,341 | 23,440,059 | - | - | - |
| % Revenue Growth (YoY) | - | 5820.8% | 172.7% | 168.4% | 48.1% | 10.9% | - | - | - |
| EBITDA (USD) | (3,315,819) | (5,818,570) | (4,924,877) | 2,494,467 | 4,339,979 | (10,772,946) | - | - | - |
| Operating Income (USD) | (3,428,772) | (6,897,860) | (8,124,778) | (1,681,865) | 2,329,909 | (11,340,395) | - | - | - |
| Operating Margin | (10415.2%) | (353.9%) | (152.8%) | (11.8%) | 11.0% | (48.4%) | - | - | - |
| % EBITDA Margin | (10072.0%) | (298.5%) | (92.6%) | 17.5% | 20.5% | (46.0%) | - | - | - |
| NET Income (USD) | (3,425,850) | (7,263,373) | (9,346,072) | (2,949,800) | 1,788,243 | (11,388,698) | - | - | - |
| % Net Margin | (10406.3%) | (372.6%) | (175.8%) | (20.7%) | 8.5% | (48.6%) | - | - | - |
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