Singapore-based transit operator ComfortDelGro (CDG) is considering bringing autonomous vehicles to London, the U.K.’s capital city, after successful trials in both China and Singapore.
An earlier pilot program in Guangzhou “has given us the confidence to scale the deployment of AVs both in China and here in Singapore,” chairman Mark Christopher Greaves said during the firm’s earnings call on Feb. 27.
“Crossing the five billion Singapore dollar revenue mark is a defining milestone in ComfortDelGro’s journey,” said CEO Cheng Siak Kian in a statement.
Traditionally best known in Singapore as the country’s largest taxi operator, CDG is currently trying to expand to cover new kinds of transit, including private-hire, rail, and buses. It’s also ventured into new overseas markets like France and the U.K.
“We have built strong momentum in our public transport business with new international bus and rail contracts… [and] are proactively advancing our capabilities in smart and sustainable mobility,” Cheng said.
CDG hopes to convert 10% of its global taxi fleet to autonomous vehicles by 2030, CEO Cheng said in his prepared remarks.
The firm is also integrating AI into its public transit business, such as in Metroline, London’s third-largest bus operator. The CDG subsidiary is testing the use of AI to help traffic controllers at its bus depots, which Cheng claimed “substantially reduced the waiting time” for buses.
“We have reduced something like 2,000 hours of commute time,” Cheng said during CDG’s earnings briefing.
