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.
10,000 bicycles from failed bike-sharing companies ofo and oBike will get a new lease of life for students in Myanmar.
More than 7,900 bicycles belonging to embattled bike-share operator ofo were auctioned off at a public sale yesterday.
Mobike, currently the largest bike-sharing operator in Singapore, has applied to the Land Transport Authority to surrender its bike-sharing licence.
oBike's new majority shareholder, Omni Sharing, applied for a sandbox licence to rent out 500 e-scooters under a new brand.
Most oBike users yet to file claim for refund of deposit, with only $438,900 worth of claims filed out of $8.9m oBike owes its 220,000 users here.
The Land Transport Authority will proceed to take action against bicycle sharing operator Ofo, which still has a fleet size significantly above 25,000.
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.
According to liquidators, oBike Singapore allegedly transferred about $10 million collected from users here to its Hong Kong operations.
The deadline for removal has expired, but the Land Transport Authority says the firm's liquidators have made significant progress.
Liquidators of oBike have urged affected users of oBike with unrefunded deposits to submit their claims online.
Mobike, ofo, SG Bike and GBikes have submitted their applications to the Land Transport Authority for a full licence to operate dockless bicycle services.
After missing the 4th July deadline, the LTA has given oBike until the end of the month to clear all 70,000 bikes.
According to the chairman of oBike, the work to remove numerous oBike bicycles from public places has already started.