Setting wheels in motion

SG Bike, one of two bike-sharing firms left, plans to expand fleet to 100k by 2023

From left to right: SG Bike's co-founders chief marketing officer Benjamin Oh, chief operating officer Sean Tay and chief technology officer David Lim. In its next project, the company is partnering the Nov 1-15 OCBC 2020 Virtual Ride. ST PHOTO: DESM
From left to right: SG Bike's co-founders chief marketing officer Benjamin Oh, chief operating officer Sean Tay and chief technology officer David Lim. In its next project, the company is partnering the Nov 1-15 OCBC 2020 Virtual Ride.ST PHOTO: DESMOND WEE

At the height of the bike-sharing wave in early 2018, there were about 200,000 such bikes in Singapore owned by seven companies.

But that has since dwindled to just two - SG Bike and Anywheel - with giants such as Mobike and Ofo exiting the market last year.

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A version of this article appeared in the print edition of The Straits Times on November 02, 2020, with the headline 'Setting wheels in motion'. Print Edition | Subscribe