Local bike-sharing operator SG Bike has announced that it had completed the takeover of Mobike's licence to operate 25,000 bicycles in Singapore.
The number of trips ending in indiscriminate bicycle parking has fallen significantly from 44% to 13% since the introduction of the QR code parking system.
The majority of the bikes belonged to ofo, whose licence was cancelled in April 2019 after it missed deadlines to comply with regulations.
Commuters will be able to continue using bicycles from bike-sharing firm Mobike, even as the Chinese firm leaves the Singapore market.
Mobike, currently the largest bike-sharing operator in Singapore, has applied to the Land Transport Authority to surrender its bike-sharing licence.
The rental rate for a single trip costs $0.99 for every 20 minutes, up from its previous rental rate of $0.50 per 20 minutes.
The Land Transport Authority said it received licensing fees from six firms which will together operate 40,500 shared bikes.
The Land Transport Authority has announced on Friday (Sept 28) that six companies will be granted licences to operate dockless bike-sharing services.
An islandwide QR code parking system will be implemented in January that will ensure users park shared bicycles within proper parking spaces.
Mobike, ofo, SG Bike and GBikes have submitted their applications to the Land Transport Authority for a full licence to operate dockless bicycle services.
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.
oBikes are still a noticeable presence in various neighbourhoods, even as the 4th July deadline for their removal looms.
The Government has issued new guidelines that require all new private developments to provide bicycle parking spaces.
Bike-sharing users who park indiscriminately more than three times will be temporarily banned from renting from all operators for a full year.
The Singapore-MIT Alliance for Research and Technology has found that dockless shared bicycles are only used for half an hour a day on average.
Bike-sharing firms in Singapore will soon come under a licensing regime as part of the Land Transport Authority's plan to curb indiscriminate parking.
The Government's plan for a bicycle-sharing scheme was scrapped earlier this year when bike-sharing firms started rolling out in January.
Chinese bike-sharing firm Mobike has enlisted the help of local telco Singtel in its ongoing quest to locate its orange bicycles.
20 bicycles from three bike-sharing companies - oBike, ofo and Mobike - were found to be parked indiscriminately along Adam Road, near the PIE.
Bike-sharing firm oBike is upping the ante in the fight against irresponsible parking, and plans to ban persistent errant users.