Data driven, transparent engagement will clear way for good regulationsIt was not on the radar before but the Malaysian Ministry of Transport ban on micromobility vehicles over safety concerns has become a talking point now. The ban came into force on 17 Dec 2021 but only hit users, micromobility providers and the headlines on 26 April when the Minister of Transport, Wee Ka Siong had a press conference on the matter.
That’s good news, right? Not really. Just ask the three key micromobility players in Malaysia who all say they are hurting now because of the ban. The three players, Beam Mobility, OoGyaa Mobility and TRYKE Transportation and their key executives were brought together for a panel session on “Making Micromobility Safe in Malaysia, in early June by Futurise Sdn Bhd in Cyberjaya.
“Entrepreneurs and founders will be anxious and fearful that they could be regulated our of existence,” says Timothy Wong, founder of TRYKE. Taty, speaking with the benefit of Beam being the largest micromobility player in Asia Pacific with a presence in five countries and 35 cities and growing, notes that what’s happening in Malaysia is not an uncommon issue to the micromobility sector.