SP’s charging solutions extended to Goldbell’s commercial fleet and BlueSG vehicles

Singapore, 23 April 2021 – SP Group (SP) and Goldbell Group (Goldbell) today announced an agreement for SP to provide holistic electric vehicle (EV) charging solutions to Goldbell’s commercial fleet customers. Goldbell is Singapore’s largest commercial vehicle leasing company, serving more than 10,000 commercial fleet customers to date with over 5,000 vehicles in its fleet.

The agreement includes making SP’s nationwide EV charging network available to Goldbell’s customers and installing EV charging infrastructure on customers’ premises where feasible to support their electrification roadmap. SP’s charging points will similarly be extended to BlueSG users once the acquisition of BlueSG vehicles by Goldbell is completed. SP and Goldbell will also explore a strategic partnership for the leasing of commercial electric vehicles.

Group Chief Executive Officer of SP, Stanley Huang, said, “SP Group is committed to developing and supporting the vehicle electrification eco-system in Singapore. Through this partnership, we are expanding the reach and making green mobility solutions more accessible to Goldbell’s customers. As the demand for EVs grows, our pervasive network infrastructure and continued investment will enable us to offer differentiated charging solutions to meet our partners’ business needs. This is a key pillar of SP’s strategy to help accelerate the pace of electrification and transition to sustainable transportation in Singapore.”

“Expanding our charging infrastructure beyond its current capacity will be mission critical to reach BlueSG’s post-acquisition full potential as well as facilitate the fleet electrification process of our commercial customers. Having strong partnerships with EV charging companies who are able to support this demand and impending growth is therefore imperative.” said Arthur Chua, CEO of the Goldbell Group. “SP’s commitment towards building EV charging station infrastructure in advance as catalysts for the future adoption of commercial electric vehicles is bold, visionary and inspirational. It is a privilege to partner them.”

SP Group continues to operate Singapore’s largest high-speed public EV charging network, with a total of 340 charging points set up in 71 locations[1] including shopping malls, commercial buildings, business parks and industrial sites islandwide. SP announced a partnership with Chevron in March to offer EV fast-charging at selected Caltex service stations. SP had earlier signed partnerships with Grab and Schneider Electric to support the charging needs of their EV fleets. In November 2020, SP Group also partnered Hyundai Motor Group to jointly explore battery leasing, or battery-as-a-service to make it more cost-effective to own an EV in Singapore.

[1] Total number of charging points and locations accurate as at 31 March 2021