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SG Bike to exit bicycle-sharing market after nearly 7 years; user accounts to be transferred to Anywheel

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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.

SG Bike to exit bicycle-sharing market after nearly 7 years; user accounts to be transferred to Anywheel

Under an agreement between both companies, SG Bike users will be allowed to convert their existing wallet balance to the Anywheel platform. "To ensure the continuity and reliability of bike-sharing services and to ensure minimal disruption to its users in Singapore, this arrangement between Anywheel and SG Bike was made with the best interest of their users in mind," said both operators.

"We highly encourage users to proceed with the automatic conversion . If they choose to opt out, the conversion will not happen, and their wallet balance will remain on SG Bike app. In such a case, the treatment of the wallet balance will follow existing terms and conditions," said an SG Bike spokesperson.In response to queries from CNA, both operators said that the arrangement was not commercial and was made"with the best interest of the bike-sharing community".

 

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