Singapore’s Anywheel gets green light to expand fleet to 35,000

Anywheel founder and CEO Htay Aung / Photo credit: Anywheel

Singapore’s Land Transport Authority has allowed local bike-sharing company Anywheel to add another 5,000 units to its fleet, pushing its total to 35,000.

This extends Anywheel’s lead as Singapore’s largest bike-sharing company in terms of fleet size, years after the first wave’s dominant players fizzled. Its closest competitor, Alibaba-backed HelloRide, operates 10,000 bikes per a license secured last year.

Meanwhile, SG Bike was approved to operate 1,500 shared bikes, but the company ceased operations last month. Following the closure, users were allowed to convert their existing credits for use in Anywheel’s platform.

Founded in 2017 by Htay Aung, Anywheel provides first-mile and last-mile transportation options. In an earlier interview with Tech in Asia, Aung said that the company has been net profitable since February 2023.

Aside from its bike-sharing services, where it charges less than US$1 for a 30-minute ride, the firm generates revenue from advertising.

Anywheel’s next bike rollout will feature new smart locks, a response to customer worries about theft risks. This feature lets customers lock and unlock bikes through the app, removing the need for manual locks.

See also: Anywheel defies odds to survive Singapore’s bike-sharing wars