ShareBikeSG is third shared-bike operator to call it quits

ShareBikeSG bicycles lined up outside bicycle shop Fixie Singapore along Geylang Lorong 40 on June 30, 2018.
ShareBikeSG bicycles lined up outside bicycle shop Fixie Singapore along Geylang Lorong 40 on June 30, 2018.ST PHOTO: ZHAKI ABDULLAH

SINGAPORE - The end of the road has come for a third shared-bike operator, a homegrown outfit that had entered the market just six months ago with the aim of differentiating itself from the competition by offering mountain bikes.

ShareBikeSG put the brakes on the business on Sunday (July 1), citing the difficulty of meeting new licensing requirements, which would have taken more investments in technology and manpower than it had resources for, said the company's founder.

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