GetGo, a Singapore-based carsharing platform, has launched its services in the country while Her Capital has announced its first investment in Hong Kong-based human resource (HR) tech startup Neufast.
GetGo to roll out 400 vehicles in Singapore
GetGo, a Singapore-based carsharing platform, announced its launch on Thursday and said it will be rolling out 400 vehicles across 300 locations island-wide by end-March 2021 to address the growing demand for car-sharing services.
So far, more than 14,000 users have pre-registered for its service, the company said in a statement.
“With a simple and flexible pricing model, we have adopted an approach to carsharing that literally and figuratively puts our users in the driving seat,” said GetGo co-founder and managing director Toh Ting Feng.
With more people working from home because of COVID-19, GetGo noted that the demand for personal mobility has increased significantly. At the same time, the cost of ownership continues to rise due to the limits on Singapore’s private car population.
Instead of owning a car and its associated financial commitments, Singapore’s 1.8 million drivers are increasingly shifting towards alternatives for their mobility needs, the company said. GetGo has also further enhanced its technology platform with government agency Enterprise Singapore’s support.
GetGo said it targets to grow its fleet to 1,000 cars and expand its nationwide footprint to over 600 locations by the end of 2021 to become Singapore’s largest car-sharing provider.
Her Capital invests in Hong Kong HR tech startup Neufast
Singapore-based Her Capital announced on Thursday that it has made its first investment, in Hong Kong-based human resource (HR) tech startup Neufast, which develops cutting-edge, AI video interviewing enterprise solutions.
Neufast’s solutions enable HR managers to screen and select the right hires from thousands of candidates, reducing time-to-hire, eliminating unconscious bias, and scientifically evaluating job fit, according to a statement.
Her Capital joins SOSV Chinaccelerator, AsiaPay Capital, and Artesian Venture Partners as investors in the current funding round.
Neufast plans to utilise the proceeds from this round to expand its product suite and expand into Greater China and Southeast Asia.
Neufast said its enterprise solution is unique because it is able to assess candidates in multiple languages in a single video interview, while its business-to-consumer (B2C) solution, NeuCareers, helps job seekers understand their own personalities and job fit, and succeed in the job market in a video-based virtual interview process.
Neufast currently serves Hong Kong clothing manufacturer Crystal Group, Landbridge Ship Management (HK) Ltd, Hong Kong Polytechnic University, and Hong Kong Jockey Club, among others, and counts McDonald’s Hong Kong, Hong Kong Science and Technology Parks and GetLinks/CPJobs as go-to-market partners.
Her Capital is a female-led seed fund in Singapore investing in female-founded, scalable businesses operating in Southeast Asia.