SG Bike acquired Mobike’s fleet in Singapore for $1.9 million — users can ride for free

It sets to become the largest bike-sharing operator in Singapore

SG Bike acquired Mobike’s fleet in Singapore for $1.9 million — users can ride for free | BEAMSTART News

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Singapore’s startup SG Bike boosted to over 25,000 dockless shared bicycles from the acquisition deal with the Chinese bike-sharing giant, Mobike.

In the first quarter this year, Mobike had revealed its intention to withdraw from Singapore to focus on other markets — leading to the transfer of its bike-sharing operator license to SG Bike in September.

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As of today, users can now ride Mobikes bicycles with SG Bike app and transfer their remaining credit and passes from Mobike to SG Bike — riders can also get a free first 30-minute ride on existing Mobike two-wheelers.

SG Bike will maintain its pricing after the takeover at S$3.90 for a seven-day pass and S$11.90 for a 30-day pass — on-demand ride at S$0.03 per minute after the first 30-minute ride at S$1.00.

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