Because the bike-sharing scene in Singapore pulled on its brakes, e-scooter sharing companies took the chance to place themselves as the popular type of city transport.
One such firm is San Francisco-based Lime, who obtained a “sizable” quantity of funding from ride-hailing firm, Uber.
It cruised onto our sunny shores in November final yr, launching its providers at Ascendas-Singbridge properties at Singapore Science Park 1 and a pair of, Changi Enterprise Park, and Worldwide Enterprise Park.
Nevertheless, the corporate introduced as we speak (26 July) that it’s going to “withdraw its software for a sandbox license with the Land Transport Authority of Singapore within the brief time period”.
Right here’s the assertion in full:
Lime has determined to reprioritize our efforts to satisfy the quick rising and robust demand for micromobilty across the globe and withdraw our software for a sandbox license with the LTA within the brief time period.
We’ll keep our company assist crew in Singapore and our dedication to the area is unwavering. The exponential development of our enterprise requires us to prioritize our enlargement efforts to make sure that we proceed to ship the very best expertise for our riders and simply as importantly for the cities by which we serve.
We look ahead to proceed working with the LTA and delivering handy and inexpensive transportation choices to the folks of Singapore sooner or later.
Wayne Ting, Lime World Head of Operations and Technique
Following its launch in Singapore in 2018, Lime rolled out a $four.2 million ‘Respect the Journey’ marketing campaign, a rider security training programme right here.
In 2018, it was valued at US$1.1 billion after elevating US$355 million in whole.
The e-scooter sharing firm introduced in April this yr that it deliberate to arrange its Asia Pacific (APAC) headquarters in Singapore within the third-quarter of 2019.
Ashwin Purushottam, Lime’s Normal Supervisor for Singapore had mentioned, “Singapore is a strategic location for Lime on account of its robust potential for development and excessive present adoption price of private mobility units (PMDs).”
Based in 2017, Lime is current in over 100 markets and has had over 10 million folks signed up with its app.
Vulcan Submit reached out to Lime with extra queries on the transfer to withdraw its software, however they’ve declined to remark additional.
Featured Picture Credit score: NZ Herald