Local bike-sharing company Moov has just been approved for a full license by the Land Transport Authority (LTA) on 14 October 2019.
Less than four months ago, the firm soft-launched in the west of Singapore with 1,000 refurbished ofo bikes, under a sandbox license they received in April 2019.
They applied to get upgraded to a full license in the most recent exercise that closed on 8 August.
Now, LTA has announced that they’ve granted “in-principle approval” allowing Moov to graduate to a full license and operate up to 10,000 shared bicycles.
With their new maximum fleet size, Moov may possibly be introducing their own proprietary bicycles soon, which they previously mentioned they were looking forward to develop.
Before Moov, another local player Anywheel also embarked on a 10-time growth from 1,000 to 10,000 bicycles when they went from a sandbox license to full license in June.
SG Bike currently holds the largest fleet in Singapore, after taking over Mobike’s operating license which allows them to deploy 25,000 bicycles.
This now brings the total number of shared bikes in Singapore to 45,000.
As Singapore’s shared-bicycle fleets are on the rise again, LTA also added that indiscriminate bicycle parking has “fallen significantly from 44% to 13%” ever since they started enforcing QR-code parking systems and user bans.
Featured Image Credit: KUT
