Drivemate SaaS Agreement - Build Thailand Mobility Ecosystem
| Stock | Jayride Group Ltd (JAY.ASX) |
|---|---|
| Release Time | 29 Sep 2025, 9:40 a.m. |
| Price Sensitive | Yes |
Jayride Partners with Drivemate to Build Thailand Mobility Ecosystem
- JAYRIDE enters SaaS agreement with Drivemate, Thailand's leading P2P car-sharing platform
- Partnership to design, build, and deploy enterprise-grade mobility platform for Drivemate
- Pilot program in Bangkok with over 2,000 vehicles, followed by national rollout
JAYRIDE Group Limited (ASX: JAY), the global travel technology company, has entered into a new Software-as-a-Service (SaaS) agreement with Drivemate, Thailand's leading peer-to-peer (P2P) car-sharing platform and a subsidiary of the Thairung Group, a diversified automotive and manufacturing leader in Thailand. Under the agreement, JAYRIDE will design, build, and deploy an enterprise-grade platform to power Drivemate's next-generation mobility offering. The solution includes mobile apps for renters and hosts, a management console, and integrated payments and insurance APIs. The project will begin with a pilot program for over 2,000 vehicles in Bangkok, followed by a national rollout to Phuket, Pattaya, and Chiang Mai over the next 12 months. This agreement represents a critical tailwind in JAYRIDE's pivot from a global airport transfer aggregator into a comprehensive SaaS mobility platform. By partnering with Drivemate and its parent Thairung Group, JAYRIDE anchors itself in Thailand's rapidly evolving digital mobility sector, complementing its aggregator roots with high-margin recurring SaaS revenues. The partnership also broadens JAYRIDE's mobility ecosystem in Thailand, allowing ecosystem participants, including Ridehailing and Limousine Services companies, to tap into Drivemate's vehicle supply, expanding fleet flexibility and strengthening the customer value proposition.
The agreement grants Drivemate exclusive rights to JAYRIDE's SaaS services for P2P car-sharing in Thailand, subject to Drivemate maintaining agreed growth thresholds.
The partnership underscores JAYRIDE's transformation into a SaaS-first mobility technology company, with the pilot program in Bangkok and national rollout to Phuket, Pattaya, and Chiang Mai over the next 12 months.