A man hand holding screen shot of Grab Taxi app showing on iPhone 6 in the car from Shutterstock.com


Grab moving into bike and e-scooter sharing business with new mobile app

Ride-hailing company Grab has announced on Friday (9 March) that it is moving into the bike and e-scooter sharing business with a new mobile app that gives users access to bikes and devices from four operators.

Grab stated that it will be piloted at Sentosa in the first half of this year before being rolled out at other venues, adding that GrabCycle users can use shared bikes and e-scooters from Grab's mobility partners - oBike, GBikes, Anywheel and PopScoot.

It noted that users can pay using their GrabPay credit accounts which are linked to the main Grab application.

Mr Reuben Lai, head of GrabVentures, stated that Singapore is the first country in Southeast Asia that Grab is launching the app in and there are plans for it to be available regionally as well.

"Our focus is to test it out to make sure we get it right here and if consumers love it, then there’s nothing stopping us from continuing to expand throughout Southeast Asia."

"GrabCycle supplements the public transport network and is in line with the Government's commitment to build a greener and more liveable city. With GrabCycle we move one step closer towards our vision of being a multi-modal platform with transport options to suit every need," he said.

"We will study commuting patterns and use data to identify and build new cycling pathways and common parking spots for our users," he added.

Grab has also partnered with local supply chain company YCH to manage proper parking of GrabCycle bikes and devices at Sentosa.

The announcement comes after Grab and oBike signed an agreement for a strategic partnership in January, which included, among other things, the incorporation of Grab's mobile payment platform GrabPay into the oBike app.

In September last year Grab had also invested in oBike, as part of a $45 million funding round.

This entry was posted in Business.
This entry was posted in Business.