Mobike applies to LTA to withdraw from Singapore

Mobike is currently the largest bike-sharing operator in Singapore, with a licence to operate 25,000 bikes. Its withdrawal would leave local firms SG Bikes and Anywheel as the only viable operators here.In response to queries, an LTA spokesman said Mobike applied to surrender its bicycle-sharing licence on March 11.

"LTA is assessing Mobike's request, and will work with Mobike to ensure that it has fully explored all options, including its proposal to transfer existing assets or operations to existing licensees, to minimise impact to consumers," its spokesman said. It must also provide refunds for user deposits and pre-paid credits, in accordance with its terms and conditions.

On Tuesday, the LTA said Mobike has withdrawn its applications for a PMD-sharing licence, and to increase its bicycle fleet.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mobike applies to LTA to withdraw from SingaporeSINGAPORE - Mobike is withdrawing from the Singapore market - the third major bicycle-sharing operator to hit a roadblock here after oBike and ofo.. Read more at straitstimes.com. Lesser trash. its been good, mobike. all the best.
Source: The Straits Times - 🏆 8. / 63 Read more »

Mobike applies to LTA to withdraw from SingaporeSINGAPORE - Mobike is withdrawing from the Singapore market - the third major bicycle-sharing operator to hit a roadblock here after oBike and ofo.. Read more at straitstimes.com. Lesser trash. its been good, mobike. all the best.
Source: The Straits Times - 🏆 8. / 63 Read more »