Bike-sharing operator Moov granted full license by LTA to operate up to 10,000 bicycles

SINGAPORE - Bike-sharing firm Moov Technology has been given the go-ahead to operate a fleet of up to 10,000 bicycles in Singapore, said the Land Transport Authority on Monday .

LTA said in a media statement that it has given in-principle approval for Moov, which did a soft launch of its services in June, to graduate to a full licence. Moov was granted a sandbox license in April, which allowed it to deploy up to 1,000 bicycles for 12 months.On 30 September, LTA delayed for a second time its decision on the awarding of licences to personal mobility device and bicycle-sharing operators.

Bike-sharing firms have had a troubled history in Singapore. Chinese firm ofo had its license suspended by LTA in February after it failed to comply with regulatory requirements. ofo was also facing “immense” cash flow problems and shutting the firm had been considered as an option, its chief executive Dai Wei said in a letter to employees in December last year, according to Reuters. Today later reported that ofo laid off its entire operations team in Singapore without compensation in January, and also owed vendors here more than $700,000.Obike pulled out of the Singapore market last year, while Mobike followed suit in March.

Indiscriminate parking and dumping of bicycles have been a problem for some time. But according to LTA, since the introduction of the QR code parking system and user ban, the number of trips ending in indiscriminate bicycle parking has fallen significantly from 44 per cent to 13 per cent.

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

LTA incurs $1b deficit in bus contractsFares fell far below the cost of government contracts awarded to transport firms such as SBS Transit and SMRT.. Read more at straitstimes.com. Why shouldn't the LTA incur deficits? It is not meant to be a profit-generating body. Is it?
Source: The Straits Times - 🏆 8. / 63 Read more »

LTA incurs $1b deficit due to bus contractsFares fell far below the cost of government contracts awarded to transport firms such as SBS Transit and SMRT.. Read more at straitstimes.com. Totally accidental Why not they declare to the public how much they made per day via ERP alone?
Source: The Straits Times - 🏆 8. / 63 Read more »

LTA incurs $1b deficit due to bus contractsFares fell far below the cost of government contracts awarded to transport firms such as SBS Transit and SMRT.. Read more at straitstimes.com. Totally accidental Why not they declare to the public how much they made per day via ERP alone?
Source: The Straits Times - 🏆 8. / 63 Read more »

LTA incurs $1b deficit in bus contractsFares fell far below the cost of government contracts awarded to transport firms such as SBS Transit and SMRT.. Read more at straitstimes.com. Why shouldn't the LTA incur deficits? It is not meant to be a profit-generating body. Is it?
Source: The Straits Times - 🏆 8. / 63 Read more »

Emirates Airline's Dnata exposure to Thomas Cook 'not a small amount': ExecutiveEmirates Airline President Tim Clark said the group's Dnata unit's exposure to the bankrupt holiday operator Thomas Cook is 'not a small amount'.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

$175m in GST and penalties recovered by Iras; funeral operators particularly susceptible to tax offencesIras said it had picked companies for audit by using data analytics to identify those at risk of non-compliance and evasion.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »