Ryde Signs MOU with Dimension AI for US$278 Million GPUaaS Collaboration

SINGAPORE, November 5, 2026 /CourierPR/ -- Ryde Group Ltd, a leading technology platform for mobility and quick commerce, has entered into a strategic Memorandum of Understanding (MOU) with Dimension AI Pte. Ltd., an AI infrastructure company based in Singapore. The collaboration aims to explore a potential GPU-as-a-Service (GPUaaS) platform with an indicative value of up to US$278 million over a three-year period.

This partnership aligns with Ryde's broader Ryde 2.0 strategy, which seeks to evaluate technology-driven opportunities alongside the company's established mobility and quick commerce businesses. Founded in 2014, Ryde is recognized as the world's first on-demand carpooling app and is now expanding into AI computing services and high-performance digital infrastructure.

According to the terms of the MOU, the parties intend to assess the commercial viability of the proposed GPUaaS initiative and potential services for enterprise customers and organizations adopting AI technologies. The collaboration is expected to leverage Ryde's commercial capabilities and regional relationships with Dimension AI's expertise in AI factory development, GPU cloud infrastructure, and technical operations.

The MOU provides a framework for the parties to evaluate opportunities combining Ryde's commercial capabilities and regional relationships with Dimension AI's expertise. Specific commercial terms, scope, financing, and implementation arrangements remain subject to further discussions and definitive documentation.

The collaboration is part of Ryde's broader strategy to explore technology-driven opportunities and expand its services. The indicative value of US$278 million represents a preliminary estimate of the potential aggregate project activity and does not constitute contracted revenue, guaranteed customer commitments, or revenue attributable to Ryde.

Ryde Group Ltd, a publicly listed company on the NYSE American, is reimagining the way people and goods move around by offering a full suite of services, including carpooling, private hire, taxi, and delivery. What distinguishes Ryde is its commitment to empowering private-hire and taxi partners by taking 0% commission, ensuring that drivers retain more of their hard-earned earnings.

Dimension AI Pte. Ltd. is a Singapore-headquartered AI infrastructure company that develops, owns, and operates hyperscale AI factories. Its integrated offerings span AI factory development, GPU cloud infrastructure, managed AI operations, infrastructure financing, and lifecycle optimisation. Through scalable AI-as-a-Service models and strategic partnerships, Dimension AI enables organizations to access secure, high-performance computing infrastructure and accelerate AI deployment.

The MOU aligns with Ryde's broader Ryde 2.0 strategy to evaluate technology-driven opportunities alongside its established mobility and quick commerce businesses. The parties intend to assess the commercial viability of the proposed GPUaaS initiative and potential services for enterprise customers and other organizations adopting AI technologies.

This collaboration is part of Ryde's ongoing efforts to integrate advanced technology into its core services and expand its offerings. The indicative value of US$278 million represents a preliminary estimate of the potential aggregate project activity and does not constitute contracted revenue, guaranteed customer commitments, or revenue attributable to Ryde. The actual commercial structure, financial arrangements, and scope of the collaboration remain subject to further assessment and definitive agreements.