A new day, a new set of bikes.
Singapore’s Land Transport Authority (LTA) announced on Wednesday that two bike-sharing operators—Anywheel and Moov Technology—have been granted in-principle approval licenses to offer dockless bike-sharing services in the city-state, according to Channel NewsAsia.
Moov Technology, the new bike-sharing operator on the block, was given the green light to maintain a 1,000-strong bicycle fleet under the sandbox license scheme. Homegrown bike-sharing startup Anywheel can now increase its fleet size to a maximum of 10,000 after been awarded a full license.
A third applicant, Ywise Circle, failed to meet the LTA’s requirements.
Before issuing the licenses, the LTA weighed the bike-sharing companies’ financial strength, track record, as well as proposals to handle issues like indiscriminate parking.
Editor: Brady Ng