SINGAPORE — The Land Transport Authority (LTA) has awarded a one-year licence to Chinese bike-sharing giant Hello Inc., permitting it to run a fleet of up to 1,000 bicycles in Singapore.
The agency’s Singapore operation HelloJourney was awarded a “sandbox” licence and may have to apply for a full licence after a yr to operate with a bigger fleet of bicycles, LTA mentioned in a press release on Friday (July 1).
“When evaluating applications, LTA will consider factors such as the applicant’s track record, and ability to manage indiscriminate parking and ensure healthy fleet utilisation,” LTA mentioned.
The entry makes Shanghai-based Hello the third bike-sharing operator in Singapore after Anywheel and SG Bike and brings the overall providing right here to 36,000 bikes.
The transfer additionally comes after a pointy decline in the bike-sharing trade from its peak in 2018 when there have been six firms — Anywheel, GBikes, Mobike, oBike, Ofo, Share Bike SG and SG Bike — providing greater than 200,000 bikes on the time.
The startup, beforehand referred to as HelloBike, is backed by Alibaba’s fintech affiliate Ant Group.
Since bike-sharing first arrived right here in 2017, the Government has had to make regulatory strikes to curb the then-burgeoning trade amid complaints of indiscriminate parking.
In March that yr, it started designating yellow rectangular zones in public areas the place these shared bicycles should be parked in.
The subsequent yr, Parliament handed amendments to the Parking Places Act to sort out indiscriminate parking of shared bicycles. Among the brand new measures are a licensing regime for bike-sharing operators and geo-fencing expertise that requires customers to scan a Quick Response (QR) code at designated parking tons as proof of correct parking earlier than ending their journeys.
Soon after, oBike abruptly introduced it was pulling out of Singapore citing “difficulties” in assembly the brand new necessities, leaving scores of irate prospects scrambling to get better their deposits with the agency.
When the licensing regime kicked in, some operators had been allowed a lot smaller fleet sizes than they’d sought and the overall variety of shared bicycles in Singapore was slashed by about half.
More exits adopted and the problematic departure of Ofo, which laid off employees with out compensation after owing at the very least S$700,000 to collectors, solely tarnished the beleaguered trade additional.
LTA mentioned on Friday that for the reason that introduction of the QR parking system and the ban of customers who repeatedly park ungraciously, greater than 90 per cent of customers now finish their journeys at designated spots.
“Since 2019, LTA’s regulatory requirements have helped to support the sustainable growth of the bicycle-sharing landscape,” it added.
AnyWheel and SG Bike instructed TODAY in 2020 they had been optimistic amid a quiet resurgence of bike-sharing right here regardless of the Covid-19 pandemic.
However, transport analysts mentioned that the bike-sharing mannequin has by no means been worthwhile globally and don’t count on such a mannequin to work in Singapore both. TODAY has reached out to Hello for remark.
LTA awards 1-year licence to China’s bike-sharing giant Hello to operate 1,000 bicycles in Singapore & More Latest News Update
LTA awards 1-year licence to China’s bike-sharing giant Hello to operate 1,000 bicycles in Singapore & More Live News
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LTA awards 1-year licence to China’s bike-sharing giant Hello to operate 1,000 bicycles in Singapore & More News Today
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