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SINGAPORE - Grab has been appointed by Singapore’s Land Transport Authority (LTA) to operate WeRide autonomous vehicles on two designated routes in Punggol, according to a press release issued Monday. WeRide (NASDAQ:WRD), currently valued at $3.28 billion, has shown promising revenue growth of 11.15% in the last twelve months, though InvestingPro analysis indicates the stock is currently overvalued.
The service, named Ai.R (Autonomously Intelligent Ride), will deploy 11 vehicles across two routes, featuring WeRide’s five-seater GXR and eight-seater Robobus models. This marks WeRide’s first deployment of GXRs in Singapore and Southeast Asia. With last twelve months revenue of $57.29 million, WeRide is actively expanding its operational footprint despite currently maintaining a weak financial health score according to InvestingPro metrics.
Both vehicle models have passed Singapore’s Milestone 1 assessment, verifying their ability to operate safely on public roads in autonomous mode in accordance with local traffic rules.
The autonomous vehicles will begin route familiarization this week, with trained safety operators on board. The service is expected to start taking its first passengers by early 2026, connecting residents to amenities including supermarkets, food courts, clinics, business parks, schools and major transport nodes.
"We are deploying our GXRs for the first time in Singapore and Southeast Asia, marking a regional milestone in urban transportation," said Jennifer Li, CFO and Head of International of WeRide.
The vehicles use cameras and LiDAR sensors to detect objects up to 200 meters away in all directions, even in heavy rain. They are programmed to follow Singapore’s traffic laws, including proper signaling before turning and maintaining safe clearances when changing lanes.
Grab has trained more than 10 of its private-hire and taxi drivers as autonomous vehicle Safety Operators through GrabAcademy in partnership with WeRide. These operators will supervise in-vehicle operations during the initial phase.
Passengers will be able to view shuttle schedules and track vehicles in real-time through the Grab app, with all riders covered by Grab’s Personal Accident Insurance Policy.
WeRide (NASDAQ:WRD) is a global autonomous driving technology company that recently became the first publicly traded Robotaxi company. Trading at $11.53, analysts have set price targets ranging from $12.11 to $21.15, suggesting potential upside. For detailed analysis and more insights, check out the comprehensive Pro Research Report available on InvestingPro, which covers what really matters about WeRide through intuitive visuals and expert analysis.
In other recent news, WeRide reported its second-quarter 2025 earnings, showcasing a notable increase in revenue. Despite experiencing a net loss, the company highlighted its expansion efforts and innovations in autonomous driving technology. Additionally, WeRide has secured Belgium’s first federal test permit for a Level 4 autonomous shuttle, allowing its Robobus to be tested on public roads in Leuven-Heverlee. In Beijing, the company received approval for late-night testing of its robotaxi fleet, a move aimed at establishing a round-the-clock autonomous ride-hailing network. UBS initiated coverage on WeRide with a Buy rating and a $12.00 price target, citing its diversified product offerings, including L2-L4 robotaxis, robobuses, robosweepers, and robovans. These developments underscore WeRide’s growing presence in the autonomous vehicle sector.
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