Mr Songvit says the new investment in the EV fleet business and showroom expansion will substantially boost the company's revenue.
Synergetic Auto Performance Plc (ASAP), a Thai car rental and fleet management firm, has unveiled plans to invest 1.2 billion baht in electric vehicle (EV) purchases and showroom expansion as part of its strategy to accelerate growth and strengthen its role in the country's automotive transition.Chief executive Songvit Titipoonya said the investment is expected to lift the company's revenue by 70% in 2026.
Of the total budget, around 1 billion baht is allocated to expanding the EV fleet for corporate clients, who typically rent vehicles for 1-5 years, he said.
The remaining 200 million baht will be used to expand EV showrooms nationwide, Mr Songvit said.
Synergetic reported revenue of 8.65 billion baht in 2025, driven mainly by car rental services and distribution as a dealer for several EV brands.
