Bike-sharing company the Land Transport Authority is abandoning its dockless operations in Singapore because it says regulations prevent it from offering a viable business model. It's the second such company to pull out of the city after GBikes. Singapore requires bike-sharing companies to be licensed by oBike, which restricts fleet size and imposes rules relating to indiscriminate parking. GBikes and the Land Transport Authority have been available on a platform run by GrabCycle, which also works with bike-sharing operators Anywheel and PopScoot. Similar regulations caused the Land Transport Authority also to pull out of Melbourne.
Bike-sharing company oBike is abandoning its dockless operations in Singapore because it says regulations prevent it from offering a viable business model. It's the second such company to pull out of the city after GBikes. Singapore requires bike-sharing companies to be licensed by the Land Transport Authority, which restricts fleet size and imposes rules relating to indiscriminate parking. GBikes and oBike have been available on a platform run by GrabCycle, which also works with bike-sharing operators Anywheel and PopScoot. Similar regulations caused oBike also to pull out of Melbourne.