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CHINA'S smart-bike-sharing company Mobike, which counts Singapore investment company Temasek Holdings and China-focused Hillhouse Capital among its investors, has designated 50 preferred locations in Singapore where its bicycles can be accessed.
Its bike parking technology is called Smart Mobike Preferred Location (SMPL) which taps the proprietary technology embedded in each bike. That enables it to monitor the location of each bike to see if users have parked their bikes inside the designated areas.
The implementation of these Mobike Preferred Locations (MPLs) comes just one month after the launch of Mobike's services in Singapore.
They are designed to complement existing authorised bicycle parking locations, including public bicycle racks and dedicated shared bike parking areas implemented by the Land Transport Authority (LTA).
Mobike said that it plans to roll out up to 1,000 MPLs by the end of this year, in partnership with local property developers, retailers, schools and universities.
For a start, Mobike's MPLs can be found at university campuses including Singapore Management University, National University of Singapore, and Republic Polytechnic; shopping malls such as Velocity @ Novena, United Square and OneKM Mall; 10 Raeburn Park and AMK Industrial Park 2.
Mobike head of international expansion Florian Bohnert said: "We support 20 million rides every single day globally, and efficient operation at this massive scale is only possible because we take a deliberate and responsible approach to our operations and implement the most advanced technology in the industry."