A row of parked SG Bike bicycles. The bike-sharing operator announced on Mar 21, 2024 that it would not be renewing its licence upon expiry on Apr 30. SINGAPORE: Local bicycle-sharing operator SG Bike is exiting the market after nearly seven years with its user accounts to be transferred to Anywheel by the end of April.
This will take the form of Anywheel ride-only credits which cannot be used for ride coupons, Anywheel passes or merchandise, both companies said in a joint statement on Thursday . SG Bike will also stop accepting new sign-ups, new credit top-ups and purchases of passes from Thursday. "Prior to this agreement, expanding our fleet to meet the growing user demand has always been on our agenda. The decision to increase our fleet size is purely determined by the needs of the bicycle-sharing market, which we closely monitored before applying for any expansion in fleet size," said Anywheel.
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