ComfortDelGro Corp (CDG) is committing $50 million towards clean energy technology and research as part of its plan to intensify sustainability efforts.

In a media release dated March 17, the company announced that it had entered into a memorandum of understanding with the National University of Singapore (NUS), whereby CDG will invest about $10 million for a CDG-NUS Smart & Sustainable Mobility Living Lab which will research mobility technologies that could later be implemented in solutions for the mass market. The lab is expected to be set up by September.

SEE:Analysts remain positive on ComfortDelGro on DTL financing framework review

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