Bicycle-sharing System for Singapore in 2017?

MoBike bicycle

MoBike is a Shanghai-based startup, which is operating since this year a bicycle-sharing scheme in Beijing, Guangzhou, Shanghai and Shenzhen. It now looks to expand outside China PRC and takes now a close eye to Singapore. The young Chinese company wants to bring its stationless bicycle-sharing sytem by next year (2017). The advantage of Mobike compared to traditional bike-share systems to be seen around the world?

Users have the possibility to drop the bike at any public bicycle parking space instead of docking it back at designated stations. MoBike uses its own-made bicycles, with a rear-wheel lock which users unlock using a mobile app. The bicycles’ locations are tracked via GPS and users can look at available bicycles in their vicinity thanks to the app. “The idea is to complement Singapore’s very efficient public transportation system. People can cycle from home to the closest bus (stop) or MRT station,or from the MRT station to the office”, said Florian Bohnert, MoBike GM for Singapore.

MoBike’s has among its investors China’s Tencent Holdings and Singapore’s Vertex Venture Holdings, a subsidiary of Temasek. According to  to the daily New Strait Times, the company already had talks with universities and polytechnics in Singapore and could start on selected campuses. Bikes can be dropped up to MRT stations or to neighbourhood. Rental for bikes have not been yet set but in China, a 30-minute ride is charged CNY 1.00 while a refundable deposit of CNY299 is charged.

Mr Bohnert said MoBike plans to work with the Housing and Development Board (HDB) to allow its bicycles to be parked at void decks. It also wants to work with office building owners to allow bikes to be parked. According to Mr. Bohnert said that MoBike would also look to bid to Land Transport Authority to operate a bike-sharing system in the Jurong Lake District.