S'pore car-sharing service Shariot pauses vehicle rental service, cites 'internal business restructuring & service review'

Singapore car-sharing company Shariot will be pausing its vehicle rental services "until further notice".

In an announcement on Facebook on Dec. 31, Shariot stated that the pause is "part of an internal business restructuring and service review", adding that it will give them time to review their plans for the future.

"We sincerely appreciate your understanding and continued support during this period. Updates will be shared should there be any changes."

Customers left surprised and lost

Some of Shariot's customers took to the comments section to express their surprise and confusion at the announcement.

Some asked about refunds for payments made for bookings for later timeslots on Dec. 31.

According to one user, the announcement was only made at 6pm on Wednesday, and people were still allowed to make bookings for that day.

Others also raised concerns about how they would retrieve their belongings from the vehicles, as the company’s vehicles are keyless and can only be accessed through the app.

Mothership has reached out to Shariot for further comment.

Group owe S$305.90 million to creditors

According to The Straits Times, in December 2025, Shariot, along with 17 other related companies, including Autobahn Rent A Car, filed an application with the High Court seeking a six-month moratorium to suspend creditor actions such as asset repossessions as they work out a proposed scheme of arrangement.

Citing documents, ST reported that the group collectively owes S$305.90 million to its creditors, including DBS, UOB and OCBC.

The application also stated that the companies are functionally and financially interconnected, noting that the various entities were established or acquired progressively as the group expanded its business.

The companies each manage different parts of the group's car-related business, including vehicle repairs and workshops, and managing fleets for ride-hailing drivers.

Most of the group’s debt comes from hire-purchase agreements for vehicles. The rest consists of business loans, property mortgages and service fees.

Separately, car-sharing operator BlueSG announced in August 2025 that it would suspend its operations, citing the need to upgrade its current infrastructure to keep up with the evolving landscape and potential scale of car-sharing users.

BlueSG's new service is slated to launch in 2026.

Top photos via Shariot Car Sharing/Google Maps and Shariot