Brin’s humanitarian airship company LTA is trying to reinvent airships for the 21st century
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According to 6Wresearch, the Singapore Electric Bus Market size is projected to register growth throughout the forecast period 2019-2025.Land Transport Authority of Singapore has passed budget of $130 million for the trial of diesel-electric hybrid and battery-powered public buses in the Singapore market which would result in further surge in demand for electric buses in the country.Moreover, government has awarded the contracts of worth $50 million to three manufacturers to supply 30 electric buses in the country for the trial run purpose.Key Highlights of the ReportHistorical Data of Singapore Electric Bus Market Revenues and Volume for the Period 2015-2018of Singapore Electric Bus Market Size & Market Forecast of Revenues and Volume until 2025Market Size & Forecast of Singapore Electric Bus Market Revenues and Volume, by Vehicle Type, until 2025Historical Data of Singapore Electric Bus Market Revenues, by End Users, for the Period 2015-2018Market Size & Forecast of Singapore Electric Bus Market Revenues, by End Users, until 2025Market Size & Forecast of Singapore Electric Bus Market Revenues and Volume, by Charging Infrastructure, until 2025About Us6Wresearch is the premier, one stop market intelligence and advisory centre, known for its best in class business research and consulting activity.We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.For Further details,contact:Phone: +911143024305 | Email Id: [email protected]
The ban effectively shuts down public scooter-sharing – which had sprung up to offer Singaporeans a “first- and last-mile” commuting solution – in the country.It also causes a massive headache for food-delivery businesses, as a significant number of their drivers rely on hiring e-scooters in order to perform their duties.Driver incomes may be hit too, as deliveries may no longer be as efficient as before.Meanwhile, bike-sharing – a business model that seemed to have gone kaput a little over a year ago – looks the most likely candidate to fill the “last mile” vacuum.Imported PMDs with electrical faults have led to several house fires in Singapore, while reckless use of the vehicles has caused injury to their drivers as well as pedestrians.While the LTA was in the midst of several initiatives aimed at encouraging safer PMD use – such as a grace period until December 2020 for individual owners to register their vehicles, mandatory vehicle inspections from April next year, and a S$100 incentive for users to dispose of non-compliant PMDs – it appears that the cyclist’s death was the final straw, pushing the authorities to take a much stricter line with today’s ban.
Singapore is banning the use of electric scooters on all sidewalks starting tomorrow, spurred by the rise in e-scooter-related injuries and deaths.Violaters will be fined up to S$2,000 (or about US$1,475) and/or jailed for three months, said Lam Pin Min, the senior minister of state for transport.However, the city-state will provide an advisory period that will last until the end of this year before the new rule is more firmly laid out.By the end Q1 2020, after authorities pass amendments to the Active Mobility Act in Parliament, other personal mobility devices such as unicycles and hoverboards will also be banned on footpaths.According to the senior minister, authorities catch an average of around 370 offenders a month.There were also many reported accidents, injuries, and deaths involving e-scooters.
Yanolja raised a US$180 million round in Series D funding from GIC and Booking Holdings earlier in 2019.Used car marketplace Cars24 has secured US$100 million in its series D round of funding, which included investments from new backers Unbound, a global investment firm headquartered in London, and New York-based investment firm Moore Strategic Ventures.Through its H+ platform, the company constructs and manages large and diversified venture portfolios through AI-driven predictive analysis.Singapore’s Land Transport Authority (LTA) has granted in-principle approval for bike-sharing firm Moov Technology to operate a fleet of up to 10,000 bikes.BeMyGuest focuses on connecting tours and activities operators with distribution partners, including some of the largest OTAs in Asia like Ctrip, Ticket Monster, Tink Labs, Yatra, Tuniu, Alitrip, and Travel.jp.XPlore, their newest feature, is a product targeted at Asian travel activity operators that can be directly integrated into a user’s website.
Singapore bike-sharing company SG Bike has announced it received authorization from the Land Transport Authority (LTA) to acquire Mobike’s license in the city-state.With the approval, Mobike’s fleet of 25,000 bicycles will be transferred to SG Bike.The two companies are now working to test system and user transfer integration, which is expected to be completed in the coming weeks.According to a statement, existing Mobike users will still be able to unlock bicycles from the Mobike app.After the transfer is completed, SG Bike users will be able to access SG Bike and Mobike-branded bicycles from the SG Bike app.Mobike’s existing users will also be given the option to transfer any credits they may have to SG Bike’s service.
Bike-sharing firm Moov Mobility has applied for a full license in Land Transport Authority’s (LTA) latest bike-sharing license application cycle as it looks to expand its fleet, The Straits Times reported.Moov currently operates 1,000 bikes in the western part of the city-state, in places such as Boon Lay and Pioneer.The LTA did not disclose details about how much Moov intends to expand its fleet by.The startup’s local competitors, Anywheel and SG Bike, have licenses to operate 10,000 bikes and 3,000 bikes, respectively.
Singapore’s SG Bike has agreed to take over Mobike’s bike-sharing operator’s license in the city-state, pending regulatory approval.Mobike will transfer its operator’s license, as well as its bicycles and users, to SG Bike, should the city-state’s Land Transport Authority (LTA) approve a request submitted by the two companies.SG Bike – 51% of which is owned by urban planning and civil engineering company ISOTeam – said the deal will make it the single largest bike-sharing provider in Singapore.ISOTeam said that it will pay Mobike US$1.85 million to take over its license – which will give SG Bike the right to operate an additional 25,000 bicycles – and security deposit, as well as 18,000 Mobike cycles already deployed on Singapore’s street, plus another 7,000 stored in warehouses.Remove this ad space by subscribing.If the LTA gives it the green light, the agreement will allow users of the SG Bike app to unlock and ride both SG Bike- and Mobike-branded bicycles.
Electric scooter-sharing startup Lime has withdrawn its application for a sandbox license with Singapore’s Land Transport Authority (LTA).Wayne Ting, global head of operations and strategy for Lime, said in a statement that the company has decided to “reprioritize our efforts to meet the fast-growing and strong demand for micromobilty around the globe.”Ting added that the US-based company will continue to be committed to Singapore and will maintain its corporate support team in the city-state.Lime also said it plans to continue working with the LTA in the future.Remove this ad space by subscribing.The development comes just months after the company picked Singapore to be its regional headquarters in Asia Pacific, with its hub scheduled to open during Q3 2019.
Tabled in Parliament, the Point-to-Point Passenger Transport Industry Bill aims to allow The Public Transport Council to set a pricing policy for the fares of ride-hailing operators such as Grab and Gojek, Vulcan Post reported.The new bill proposes to issue two types of licenses that will regulate taxi services and ride-hailing services.It also reportedly reflects some suggestions that the Land Transport Authority has gathered from the public.More details about are set to be revealed during the bill’s second reading next month.
Smart mobility startup Moov Technology deployed a fleet of bikes in Singapore as it rolled out its shared-bike services in the country.The company also said it plans to deploy up to 1,000 bikes in the west region of Singapore by the end of this month.The announcement comes shortly after Moov received sandbox license from the country’s Land Transport Authority in April.Customers will now be able to rent bikes at S$0.50 per 20 minutes of usage or via a monthly subscription plan at S$6.90 per month through Moov’s mobile app.Riders are not required to place a deposit to use Moov’s shared bikes, according to a statement.Moov also unveiled plans to introduce a new version of shared bikes with a proprietary design by the end of 2019.
Fitbit has always been a contrarian.When people said smartwatches are on the way out, it launched its own smartwatches.When the market seemed to coalesce around Apple watchOS and Wear OS by Google, it struck off on its own with its own wearable OS.And despite the handful of mobile payment systems competing in the market, it jumped into the fray with its own Fitbit Pay, an investment that may be paying off now that you can pay for your rides in seven systems around the world.Fitbit is probably the last company you’d expect to launch its own mobile payment system.It doesn’t have much of an ecosystem beyond fitness wearables and apps but that is exactly what it did nearly two years ago.
Fitbit Pay is expanding in a big way.Fitbit announced a new partnership with Metropolitan Transportation Authority (MTA) to bring Fitbit Pay to the OMNY pilot program in New York City.Starting Friday, May 31, Fitbit Pay will be accepted at all Staten Island buses, as well as all stops on the 4, 5, and 6 subway lines between Grand Central and Atlantic Avenue-Barclays Center.With the addition of the OMNY pilot program to Fitbit Pay’s lineup, the payment system can now be used at seven loop transit systems, including Chicago Transit Authority (CTA), Singapore Land Transport Authority (LTA), Sydney transport for New South Wales’ (NSW) train, ferry and light rail services, Taiwan iPASS, TransLink in Vancouver and Transport for London (TfL).Fitbit Pay is Fitbit’s own contactless payment system, available on the Fitbit Charge 3 Special Edition, Fitbit Versa Special Edition, and Fitbit Ionic.It’s an easy-to-use system for the most part — you just tap your wearable to the point-of-sale system and the payment goes through — though we have criticized Fitbit Pay for its lack of availability at some of the major banks.
Singapore’s Land Transport Authority (LTA) today said commuters will be able to use their Mastercard bank cards or mobile phones to pay for their public transport fees with the launch of SimplyGo scheduled on April 4.“Commuters simply need to tap their Mastercard contactless bank cards on the fare reader at the train station gantry or on the bus when boarding and alighting,” LTA said.The TransitLink SimplyGo mobile app also offers other travel-related services and information, such as concession card application and bus routes and schedules.LTA said more commuter services will also be rolled out in the future.
Singapore’s Land Transport Authority (LTA) has extended the deadline for Ofo to remove its bikes from the country, with the beleaguered bike-sharing firm on the cusp of signing a deal which could see the service resurrected.LTA had originally told Ofo it had until Wednesday this week to remove its bikes from Singapore.However, the agency has granted the Chinese company’s request for an extension, Channel NewsAsia reports.Its decision to do so was influenced in part by Ofo’s success in implementing the country’s new QR-based parking regime, which requires bike-share users to scan a QR code to confirm they have parked their dockless cycle in a designated area.Ofo has also reportedly informed LTA it is in “advanced stages of negotiations” to partner its Singapore unit with a third party.Tech in Asia has reached out to LTA for further details.
“We can confirm that Mobike has submitted a proposal to Singapore LTA [Land Transport Authority] for a managed and orderly withdrawal from the market,” said a spokesman for Mobike owner Meituan Dianping.“We will work with LTA to explore all options, including the potential to transfer our operations or license to existing licensees to minimize impact to consumers,” the spokesman said, without giving a date for the startup’s exit.Under Singapore’s Parking Places Act, a bike-sharing license may only be surrendered with the LTA’s written consent.The LTA confirmed it is considering Mobike’s proposal for a “proper” exit from the city-state.It also said the company had withdrawn its earlier applications to expand its dockless bike fleet and to launch an e-scooter sharing service.Congratulations on completing yet another story on Tech in Asia.
This is a key milestone in NTU and Volvo's development programme under the university's partnership with the Land Transport Authority (LTA) to develop and conduct autonomous vehicle bus trials for fixed route and scheduled services, which was announced in October 2016.The Volvo 7900 Electric bus is equipped with numerous sensors and navigation controls managed by a comprehensive artificial intelligence (AI) system.It also requires 80 per cent less energy than an equivalent sized diesel bus.For this trial of a full size single deck bus, Volvo has chosen NTU Singapore as its global partner.Lam Wee Shann, Chief Innovation and Technology Officer, Land Transport Authority, said, "The launch of the autonomous bus for on-road trials marks an important milestone in the joint project between LTA and NTU Singapore to develop autonomous buses for fixed routes and scheduled services.Operated by NTU scientists, CETRAN is located on the NTU Smart Campus in the Jurong Innovation District.
Ofo’s license to operate its bike-sharing service in Singapore has been suspended by the Land Transport Authority (LTA).This comes on the back of Ofo’s failure to comply with LTA’s regulatory requirements, which had a February 12 deadline.The firm has until March 13 to remove all its bicycles from public spaces.Ofo had failed to introduce a QR code-based parking system, according to LTA.It also didn’t update its app to allow for the banning of users who repeatedly park outside designated areas.The suspension will be lifted if Ofo meets all regulatory requirements.
Singaporean ride-hailing app Ryde has secured an undisclosed amount of funding from local investment firm Nomad X.The deal will see Tan Suan Jin – director and chief investment officer at Nomad X, and a former BlackRock exec – become chairman of the startup.“It is an honor to partner with a visionary Singaporean entrepreneur like Terence [Zou, Ryde founder and CEO] and his talented team,” said Tan.“Ride-hailing in Singapore has been a very exciting and competitive industry, and it is heartwarming to find a Singaporean company being able to hold their own against the competition and be at the forefront of innovation.”In a statement, Ryde – which is currently available in its native Singapore, as well as Hong Kong and Malaysia – said it will use the fresh injection of capital to expand its operations, hire and train more technical talent, and launch new features.Some of the funding will also go towards enhancement of its “proprietary payment systems,” it said.
Singapore’s Land Transport Authority (LTA) has proposed an overhaul of point-to-point transport regulations – including the introduction of a new licensing regime for ride-hailing firms.It’s opening its plans up for public consultation.The agency said its proposals are aimed at prohibiting both ride-hailing firms and traditional taxi companies from enforcing driver exclusivity arrangements that restrict drivers from working for rivals.LTA added that it “will make an exception for drivers who are employed by operators as employees, as employment provides greater job protection for drivers.”Grab, which dominates Singapore’s ride-hailing market, was ordered to end its use of driver exclusivity conditions as part of an antitrust ruling regarding its acquisition of Uber’s regional operations last year.An updated licensing framework will also help “provide sufficient regulatory oversight to protect the safety and interests of commuters and drivers” and “streamline regulations” to reduce operating costs where appropriate, the agency said.
Colin Lim – a transportation guru with a career spanning multiple Singapore government ministries, the Land Transport Authority of Singapore (LTA), IBM, and SMRT – is a proud advocate of his country’s transportation network.“I’ve been to almost every capital city in the world.I’ve tried their public transport […] Singapore has one of the easiest-to-use public transport systems.” He says this with conviction, as if addressing doubters who point to the spate of train breakdowns in the past.Lim is an inside man: While working at LTA, he led the implementation of distance-based fares in 2010 that got rid of the penalties that commuters had to pay whenever they transferred from one transport mode to another.
When oBike abruptly announced that it was pulling out of Singapore in June this year, it pointed the finger at the country’s evolving regulatory framework for bike-sharing services.At the time, oBike said it did not expect to “fulfill the new requirements and guidelines released by LTA [Singapore’s Land Transport Authority] towards dockless bicycle sharing.”The Singapore parliament passed a law in May directing the LTA to develop more stringent rules for bike-sharing apps and their users.
Grab Singapore has announced the launch of the beta trial of GrabExpress, an on-demand, door-to-door delivery and courier service.GrabExpress beta starts from October 23, and will operate from 8 am to 11 pm daily.Users of the service – which is already available to Grab customers in Indonesia, Thailand, Vietnam, and the Philippines – will be able to input their instructions and select a delivery point within the Grab app.The beta version of the service will be available in select areas of central and eastern Singapore.Users will pay a fee of S$6 (US$4.35) plus an extra S$1 (US$1.38) per kilometer for each delivery.Parcels and documents cannot exceed 5 kg with maximum dimensions of 32 cm x 25 cm x 12 cm.
Over a week after authorities announced that six shared-bike firms would be granted licenses to operate in Singapore, China-based firm Ofo has raised its prices by up to three times – a double whammy for its users, who now also have a smaller pool of bicycles to tap on.Those who opt for the pay-as-you-go service will be charged S$0.50 (US$0.36) per unlock, over and above a rate of S$0.50 per 15-minute block.The new price schedule means that any ride lasting less than 15 minutes will cost S$1 (US$0.72), while a 30-minute ride will set a user back by S$1.50 (US$1.09) – triple the previous S$0.50 rate for each 30-minute period.A one-hour ride will now cost S$2.50 (US$1.81), twice what it did previously.A longer term pass will cost users S$8.99 (US$6.51) for 30 days, S$16.99 (US$12.29) for 60 days, and S$26.99 (US$19.53) for 90 days – up from S$6.99 (US$5.06), S$15 (US$10.85), and S$25 (US$18.09), respectively.Beijing-based Ofo is one of six companies to obtain operating licenses under the Singapore Land Transport Authority’s (LTA’s) new regulatory regime for dockless bike-sharing.
Toyota Tsusho – a subsidiary of Japanese carmaker Toyota – is leading the series A investment of MobilityX, a Singapore-based “mobility-as-a-service” startup owned by the city-state’s largest transport operator, SMRT Corporation.The size of the round was not disclosed, but a MobilityX spokesperson calls it a “multi-million dollar investment.”MobilityX essentially allows transport operators to run their own multi-modal versions of transportation network apps like Grab or Uber.While MobilityX announced that it had received seed funding from the transport operator, a public filing shows that SMRT Corp is, in fact, the sole shareholder, investing about US$1.1 million in MobilityX Pte Ltd.However, the spokesperson told Tech in Asia that employees will get shares in the company.MobilityX has secured partnerships with various entities to test its solutions, including Nanyang Technological University (NTU), JTC Corporation, and CapitaLand.
Ofo has received the green light from Singapore’s Land Transport Authority (LTA) to continue operating its bike-sharing service in the city-state, the Chinese company has confirmed.The agency granted Ofo a license under its new regulatory framework for bike sharing, which is aimed at keeping dockless bikes parked in designated areas and preventing them from causing obstructions or being a public nuisance.The LTA said last week that it will begin implementing a QR code-based parking system for dockless bikes, requiring users to “check in” at designated parking spots.Users who fail to scan QR codes to end their ride and park their bike properly will face fines and even lengthy bans for repeat offenders.The bike-sharing firm welcomed the LTA decision, saying the license will provide it with “operational certainty.” But Ofo also indicated that the license’s provision allowing it to operate a fleet of 25,000 bicycles “will not be sufficient to facilitate the high demand for bike sharing” in Singapore.Ofo is one of several bike-sharing apps understood to have applied for the new license, along with Chinese archrival Mobike – which was acquired by Meituan-Dianping in a US$3.4 billion deal earlier this year – and Singaporean firms Anywheel and SG Bike.
Singapore’s Land Transport Authority (LTA) is introducing a new set of rules for users of bike-sharing apps, as well as fines and other penalties for those deemed to be breaking them.The LTA is implementing a new regulatory framework for bike-sharing companies, which will have to obtain a license to continue operating in the city-state.Chinese firms Mobike and Ofo, and local players Anywheel and SG Bike, are understood to have applied for licenses.OBike exited the Singapore market earlier this year, suggesting that the proposed licensing regime was too stringent and costly to justify its continued presence in the city-state.See: OBike ceases operations in Singapore, while GrabCycle pauses new user sign-upsThe LTA said today that as part of this framework, it is establishing a country-wide, QR code-based parking system in an effort to get users to park dockless bikes in designated areas when they’ve finished using them.
Ryde says that private-hire drivers will not be able to work for its new courier service (Singapore).The ride-hailing startup said it will not use private-hire chauffeurs and licensed taxi drivers to deliver packages for its new RydeSend service.It also apologized for confusion caused by its earlier statements, which indicated that all of Ryde’s driver-partners would be able to take on RydeSend jobs to supplement their passenger-derived income.Singapore’s Land Transport Authority had responded to RydeSend’s launch earlier this week, warning Ryde that the service contravenes prohibitions on taxis and private-hire cars from conveying goods.Ryde clarified that it will tap private drivers, including those that already use its app to offer carpooling service, for RydeSend – rather than those that are licensed to be hired for passenger services.“Mystery prize” vending machines removed (Singapore).
Ryde will launch an express courier service in Singapore on September 3, in an attempt to stake a claim in the city-state’s last-mile logistics segment before larger rival Grab.Get the all-in-one platform to build a sleek online presence and run your business.Ryde founder and CEO Terence Zou said at a launch event today that the service can deliver documents, parcels, items purchased online, and “well-packed meals” throughout Singapore within an hour.RydeSend will also begin signing up motorbike drivers – with the aim of having 20,000 on board by the end of the year – as well as bicycles and e-scooters beginning September 3.For deliveries by car, packages weighing a maximum of 20 kg will be eligible for the service.Zou said that motorbike deliveries will have a lower maximum weight, but the price paid by users will be between 20 and 30 percent cheaper than the car-based service.
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