Search
Close this search box.

Ramssol Group Berhad Officially Launches Rider Gate: One of the Largest Online Platforms in Malaysia for Used Motorcycles

KUALA LUMPUR, 18 January 2025 – Ramssol Group Berhad (“Ramssol” or the “Group”), a leading people solutions and licensing technology provider today through its subsidiary, RAMS Autotech unveiled Rider Gate, a transformative digital platform set to redefine the used motorcycle market in Malaysia. The launch event, held at Lanai@MATIC, was officiated by Yang Berhormat Tuan Anthony Loke Siew Fook, the Minister of Transport Malaysia, alongside key industry players and motorcycle enthusiasts.

Rider Gate addresses the pressing need for a safe, reliable, and comprehensive digital platform to facilitate the buying and selling of pre-owned motorcycles. By bridging the gap between buyers and sellers, the application ensures a seamless and secure transaction process while providing Malaysians with easy access to a wide variety of motorcycles. It enhances the market by providing services such as ownership transfer, inspections, insurance, extended warranties, smart financing and reducing fraudulent activities.

Receiving support and endorsement from the Malaysia Motorcycle and Scooter Dealers Association (MMSDA), Rider Gate enters the market with more than 150 registered dealers and targets to grow its network to over 800 dealers and 3,000 outlets nationwide within the first year of its launch. The ambitious expansion will make Rider Gate the largest online platform for used motorcycles in Malaysia.

Speaking at the event, Yang Berhormat Tuan Anthony Loke Siew Fook emphasised the significance of Rider Gate in advancing Malaysia’s transportation and automotive sectors. He said, “Rider Gate plays a pivotal role as a digital platform for the used motorcycle market in Malaysia, addressing key challenges such as unclear ownership records, mechanical risks, and transaction safety. This innovation not only meets the needs of our motorcycle communities but also enhances trust and efficiency in the market, representing a significant step forward in embracing digital transformation within the transportation sector. I encourage all stakeholders to explore and utilise Rider Gate, experiencing its benefits firsthand while supporting innovative initiatives that improve our nation’s transportation landscape.”

A significant highlight of Rider Gate is its entry into a Memorandum of Agreement (MoA) with eAuto Sdn. Bhd. to simplify and enhance ownership transfer services, ensuring compliance and a hassle-free process. The number of registered vehicles in Malaysia has exceeded the country’s population and motorcycles made up more than 16.7 million. In a such positive economic environment, the Malaysian two-wheeler market, the 13th largest in the world, the high cost associated with new bikes and the extensive demands in gig economy for efficient and affordable transport, represent a significant opportunity for Rider Gate to meet Malaysia’s rising pre-owned motorcycles demand and support riders nationwide.

Investment in digital transformation within the global scene for pre-owned motorcycles market is rapidly accelerating. India, accounting for 40% of global sales, is investing $15 millions to expand its online network, while Spain’s online platform players are investing $22.6 million for expansion in Europe. In line with the global trend, Rider Gate represents a timely and strategic, enabling dealers to leverage digital transformation to increase their footprint, breaks down geographic barriers and tap into underserved markets.

Asia is also witnessing significant growth, with Indonesia reporting 121,000 online pre-owned bike sales per month and Thailand projecting 1.2 million ownership transfers in 2024, Rider Gate is optimistic in capitalizing on these regional and global trends, driving sales and fostering greater market penetration.

Group Managing Director and Chief Executive Officer of Ramssol Group Berhad, Datuk Seri Ts. Cllement Tan Chee Seng shared the company’s vision for Rider Gate: “At Ramssol, we are dedicated to improving lives through innovation. Rider Gate is designed to revolutionize the process of buying and selling used motorcycles by making it easier, faster, and safer. The application provides access to high-quality motorcycles, transparent services, and free inspections, ensuring a seamless and secure experience for all users. The global used bike market was valued at $38.7 billion in 2021 and is projected to reach $66.2 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031. With the rising demand for gig economy services, particularly in food and parcel delivery, pre-owned motorcycles have become a preferred choice for riders connected to online platform services due to their affordability and lower insurance premiums. Rider Gate is well-positioned to cater to these market dynamics. Our collaboration with eAuto Sdn Bhd further enhances Rider Gate’s functionality, facilitating seamless ownership transfers and offering a comprehensive solution to meet market needs.”

Future’s plans for Rider Gate include the sale of accessories, auto parts, and EV motorcycles, as well as technical training courses for mechanics and advanced riding skill training for users. Rider Gate is essential in this space, connecting buyers and sellers seamlessly while helping people meet their transportation needs and supporting the gig economy.