Bike Sharing concept is not NEW, recently in Singapore land transport authority(LTA) announced and granted bike sharing licenses.
A lot of famous companies already doing business in the world. Six of them included Chines Firms ofo , Mobike and Singapore based SG BIKE these companies happy to announces they have been granted full licenses.
On the Other hand, few companies have been granted a sandbox license included Qiqi Zhixiang and GrabCycle.These are allowed to operate no more than 1000 bikes.
As alternate Mobike and ofo have been granted a fleet of 25000.while SG Bike granted up to 3,000.
Companies got “sandbox” licenses will be monitors by LTA (Singapore) and see their performance, subject to full licenses.