
LTA Refunds Over $570K To Bike-Sharing Firms In S’pore After Revising Licensing Fees
LTA said that the price revision "will help reduce compliance costs for operators and support bicycle-sharing as an option for active mobility."
LTA said that the price revision "will help reduce compliance costs for operators and support bicycle-sharing as an option for active mobility."
Users can now Mobike bicycles using the SG Bike app and Mobike app on the other hand, will be rendered defunct.
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A walk to the MRT isn't that painful, so what are bike sharing and e-scooter sharing services really good for in Singapore?
According to Anywheel founder Htay Aung, majority of the bikes sold by LTA were originally owned by ofo.
Moov Technology obtained a sandbox license from LTA in April 2019, letting them deploy up to 1,000 bikes in public places in Singapore.
Chinese bike-sharing firm, ofo, will not longer be allowed to operate in Singapore as the Land Transport Authority (LTA) has cancelled its licence.
oBike Singapore investors maintain their request for a detailed breakdown of the hefty $10 million debt liquidators FTI Consulting claims they owe.
Ofo's coming close to the end of its road, as it could face termination if it fails to remove all bikes in public places by 13 March.
Ofo did not provide any reason for the termination, nor were the affected employees offered a one-month compensation they were due to receive.
Various creditors have filed about $768,700 worth of claims against oBike, higher than the expected $497,700 as stated in the firm's records.
According to a report, ofo Singapore owes over S$700,000 in unpaid services to vendors. Former and current employees have also yet to be paid for claims.