Lalamove MY launches ride-hailing service in Klang Valley area

Kuala Lumpur, Malaysia – Lalamove in Malaysia has announced that it is launching its ride-hailing service in the Klang Valley area, according to a recent blog by the company.

Not much about the service has been revealed, apart from encouraging users in the Klang Valley area to test out the service, and also stressing how users can switch from hailing a ride to also scheduling a delivery within the app.

Lalamove Malaysia has already hinted at expanding its ride-hailing service across other Malaysian cities, though there is no exact timeframe shared.

Lalamove is a delivery and logistics company which operates primarily in Asia and parts of Latin America. Lalatech, the parent company of Lalamove, recently filed for a listing on the Hong Kong Stock Exchange (HKEX), marking a major milestone in its growth journey. 

This move follows a fruitful 2022, in which the company reported its first profitable year with a revenue of $7.3b.

Earlier, in January 2021, Lalamove reportedly approached a $1.5b funding round, propelling its valuation to an estimated $1b. This funding allowed Lalamove to expand its logistics offerings, broadening its service reach across various sectors.