SINGAPORE - The 10th edition of the OCBC Cycle will see 2,000 bicycles available for rent over the event weekend on May 5-6, following a partnership between the OCBC Cycle 2018 and bike-sharing firm Mobike.

The rental service is free for participants who create Mobike accounts and sign up for the OCBC Cycle.

This year's event was launched on Monday (Jan 22) at Orchard Gateway, where a new corporate category was also announced. Called The Corporate Chase, the ride will see companies sign up a team of four employees to ride in the flag-off wave in the 42km Sportive Ride. The company whose team has the fastest combined net time upon completing the race will win the title.

The 42km Sportive Ride, 23km Straits Times Ride, Mighty Savers Kids Rides for families and children, and the OCBC Cycle Speedway South-east Asia and Club Championships will continue to feature in this year's event.

Said OCBC Bank's Group chief executive officer Samuel Tsien: "With the growing acceptance of a bike-sharing culture in Singapore, we have collaborated with Mobike so that you need not own a bicycle to ride in OCBC Cycle 2018.

"In the past 10 years, we have received outstanding support from a whole range of parties, without whom our annual enjoyment of riding on closed roads would simply not have been possible. Of the many local authorities who have made a difference, we particularly want to thank the Land Transport Authority, Singapore Police Force and Sport Singapore.

"We are also grateful to non-participants of our event for bearing patiently with the inconvenience brought about by road closures, albeit for a limited time."

Online registration is now open, with early bird discounts of up to $14 until Feb 28.

Visit www.ocbccycle.com for more information.