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Seven companies apply for bicycle-sharing licence in Singapore

Staff Writer |
Four bicycle-sharing firms - ofo, Mobike, SG Bike and GBikes - have submitted their applications to the Land Transport Authority (LTA) for a full licence to operate dockless bicycle rental services.

Three others - Anywheel, QiQi Zhixiang and GrabCycle - have submitted their applications for a regulatory sandbox licence.

The regulatory sandbox license is for firms without a sufficiently long track record in operating a bike-sharing service in Singapore, said an LTA spokesman.

Three operators have previously said they would be pulling out of Singapore before the application period closed on Saturday: oBike, GBikes and ShareBikeSG.

LTA's spokesman said that the authority "is currently reviewing all applications and will consider, amongst other factors, the ability and track record of operators to manage their bicycle fleets efficiently and minimise indiscriminate parking, as well as user demand and the availability of parking spaces".

The authority will announce the results of the evaluation by September.

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