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."
SG Bike Successfully Takes Over Mobike For S$2.54M, Offers Free Rides For A Limited Time
Users can now Mobike bicycles using the SG Bike app and Mobike app on the other hand, will be rendered defunct.
Get Rich Or Die Trying: Here Are 5 Business Ideas That Just Won’t Work In S’pore
Here's a list of some business ideas that have proven unsuccessful in Singapore, so you can save yourself from failing as well.
Shared Bikes And E-Scooters Never Were, And Never Will Be A Need In S’pore
A walk to the MRT isn't that painful, so what are bike sharing and e-scooter sharing services really good for in Singapore?
Anywheel Buys 5,999 Shared Bikes For Almost S$30K To Donate To Needy Students In Myanmar
According to Anywheel founder Htay Aung, majority of the bikes sold by LTA were originally owned by ofo.
New S’pore Bike-Sharing Firm Ready To ‘Moov’ – To Launch 1,000 Bikes By End June
Moov Technology obtained a sandbox license from LTA in April 2019, letting them deploy up to 1,000 bikes in public places in Singapore.
Bye-cycle: No More ofo Rides In S’pore As LTA Cancels Its Bike-Sharing Licence
Chinese bike-sharing firm, ofo, will not longer be allowed to operate in Singapore as the Land Transport Authority (LTA) has cancelled its licence.
Not A “Cheap Bastard”: oBike Investor On Why He Has Not Repaid S$10M Debt
oBike Singapore investors maintain their request for a detailed breakdown of the hefty $10 million debt liquidators FTI Consulting claims they owe.
LTA Suspends Ofo’s License – Orders Removal Of All Bikes By 13 March Or Risk Termination
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 Sacks Operations Team In S’pore Without Notice Or Compensation – Still Owes Vendors Over $700K
Ofo did not provide any reason for the termination, nor were the affected employees offered a one-month compensation they were due to receive.
oBike’s $10M Debt Settlement Drags On As Investor Stands Firm On Demand: “I Asked For Invoices”
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.
ofo, Not Again? Bike-Sharing Firm Mysteriously Vacates S’pore Office, Said To Owe Vendors Over $700k
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.