The Client |
|
A leading commercial vehicle leasing firm in Singapore with annual revenues exceeding S$22 million. Operates a fleet of high-quality vans and lorries, with comprehensive service support including 24/7 breakdown assistance and a dedicated service centre. Employs a team of over 30 staff, the majority being local SG/PR employees. Recently embarked on strategic initiatives to digitize and scale operations regionally, including electric vehicle integration and data analytics adoption.
How RIC Helped |
|
Grant Secured:
RIC secured an Enterprise Development Grant (EDG) for New Technology/Product Development, with an approved grant amount of S$167,400, covering 80% of eligible development costs.
Scope of RIC’s Consulting and Advisory Services:
RIC meticulously scoped and prepared a detailed project proposal that included:
Digital transformation analysis specific to the commercial vehicle rental sector.
RIC secured an Enterprise Development Grant (EDG) for New Technology/Product Development, with an approved grant amount of S$167,400, covering 80% of eligible development costs.
Scope of RIC’s Consulting and Advisory Services:
RIC meticulously scoped and prepared a detailed project proposal that included:
Digital transformation analysis specific to the commercial vehicle rental sector.
- Financial impact assessment, showing over S$700K in time savings over 5 years.
- Detailed implementation roadmap, partner evaluations, and cost planning.
- Development of a mobile-first platform with dual interfaces for internal operations and client usage.
- Launch of an Uber-style commercial vehicle sharing feature set, including dynamic vehicle tracking, e-key access, and automated rental billing based on usage.
- Post-approval grant management, including vendor coordination, milestone reporting, grant claims, and audit compliance — ensuring full disbursement of approved funds.
Outcomes |
|
- Reduced internal operational hours by over 68%, unlocking S$140K+ in annual productivity gains.
- Opened a new revenue stream through commercial vehicle sharing features, with forecasted incremental revenue of S$12 million over 5 years.
- Created 4 new SG/PR jobs and upskilled/redesigned 10 existing roles, driving workforce transformation.
- Positioned the client as a technology-driven market leader in commercial vehicle leasing and sharing, with strong scalability for international expansion.
Throughout this journey, RIC worked closely with the client to ensure the project was not only fundable but also executable and strategically aligned with their long-term business vision. By merging deep grant expertise with a clear understanding of the client’s operational needs and market goals, RIC transformed an ambitious digital roadmap into a fully funded, high-impact commercial solution.
This case exemplifies how RIC empowers industry leaders to secure competitive funding, execute complex technology projects, and capture new market opportunities — enabling them to scale faster, smarter, and with confidence.