LTA licenses Moov Technology to run up to 10,000 bicycles
Moov Technology, a bicycle-sharing company, received full authorisation in principle for operating a fleet of up to 10,000 bicycles, as announced by the State Transportation Authority (LTA).
The company held a sandbox license previously, allowing up to 1,000 bikes per year to run.
It can work in public places for two years with its full licence. Moov said it plans to grow beyond Singapore to provide the users with all ten thousand bikes by the first quarter of 2020.
“We are grateful for LTA’s decision and committed to continue working with the authorities, communities and users to provide the public with green mobility-sharing solutions,” said Sharon Meng, Chief Operating Officer of Moov.
Bike-sharing operators must fulfil the conditions such as the implementation of a Quick Response (QR) code parking system to ensure the parking of users within the specified areas.
The number of trips ending in indiscriminate bicycle parking has dropped from 44% to 13% since the QR parking system began in January, LTA said on Monday.
Users who fail to properly park and scan the QR codes three or more times a year are banned from all bicycle-sharing services for months or longer. With subsequent delays, the ban period will increase.
In Singapore, there are currently three bike-sharing operators.
In addition to Moov, Anywheel is licensed to run 10,000 motorcycles. SG Bike’s 25,000 cycling fleet size is the highest in Singapore following its license purchase.
“LTA regularly reviews the fleet sizes of shared bicycles to ensure that their numbers can meet user demand without causing public disamenities,” the authority stated.