fbpx

TADA is a Singapore-based ride-hailing firm. It was founded in 2017, and operates on a zero commission, blockchain model.

Jae Chia  |  SG
Published 2021-04-27 12:18:08
0

Nearly three years ago, ride-hailing service TADA entered the Singapore market together with a slew of other companies.

Now, it is present in Vietnam and Cambodia as well with an estimated 100,000 drivers and 890,000 users.

Most recently, the company behind TADA — MVLLABS — raised US$15 million in Series B funding to build an electric vehicle (EV) model for launch in Cambodia. ONiON T1 is a modernised version of the traditional three-wheeled tuk-tuk, and will be added to TADA’s fleet in Phnom Penh, Cambodia.

According to TADA founder Kay Woo, Cambodia has a very unique transportation system, and almost everyone uses platforms like TADA to hail for rides.

As three-wheelers (tuk-tuks) are the main medium for commuting and parcel deliveries, TADA saw a huge opportunity to change those Internal Combustion Engine (ICE) three-wheelers into electric vehicles.  

 
RECOMMENDED

Annual Premium Package

Gain access to all Vulcan Post Premium content for S$99.90 per year.

SUBSCRIBE

Single Article

Unlock and get instant access to this Vulcan Post Premium content for S$7.90.

UNLOCK ARTICLE

Already a subscriber? Log in here

Subscribe to Vulcan Post Newsletter

Stay updated with our weekly curated news and updates.
 
Read more about our privacy policy here.