in a development that marks back-to-back exits from the bike-sharing scene. Once Singapore’s largest bike-sharing operator, Mobike was forced to rethink its global ambitions and focus on its Chinese operations following financial difficulties in its home market.
SG Bike is already working towards beefing up its resource and manpower requirements in anticipation of the increased bicycle quota, according to Oh. Oh hopes that the partnership will capitalise on the government’s car-lite push which specifically sets out to ensure that every HDB town will have its own cycling network by 2030., the LTA aims to set up additional bicycle parking facilities at bus stops and MRT station exits with the goal of setting up 267,000 bicycle parking spaces by 2020.
and ShareBikeSG similarly exited the domestic market in 2018 in a surprise development that left users reeling.The asset-heavy nature of the bike-sharing industry also continues to pose operational issues to operators especially as a growing number of users requires a larger fleet to continue serving them, Raghavan said in a previous interview.
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Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
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