SINGAPORE: Was it really surprising to many when local bike-sharing operator SG Bike announced on Mar 21 that it would exit the Singapore market?  

Even without the sweltering heat of recent weeks discouraging us, bike-sharing had not really bounced back to the levels of its peak after the dramatic bust of first-wave operators, oBike, ofo and Mobike.

Singapore’s bike-sharing market is now left with just two operators, local player Anywheel and Chinese firm HelloRide. No doubt, SG Bike’s exit will offer lessons for them and policymakers looking at active mobility.