Bike-sharing business, Anywheel, looks to stretch its fleet to 10,000 starting in July and is also expected to expand into international markets.
After Anywheel was awarded the full license — which allowed it to operate 10,000 bicycles — founder and CEO Htay Aung ordered new bicycles to scale up its fleet.
The exit of rival firms like Mobike, oBike, and ofo opened the door of opportunities for Anywheel to conquer the market. As of now, Anywheel operates less than a thousand bicycles and is calculated to grow 10 times before the year ends.
According to Htay Aung, they have received a lot of emails and requests for Anywheel to deploy in the areas where those former companies used to occupy.
Htay Aung stated, “Every time those companies went down, our downloads surged significantly.”
For now, Anywheel is concentrating on handling the 10,000 bicycles under its current license and aspires to further expand its fleet to 30,000 during the next round of licensing.
Anywheel also anticipates expanding internationally, bringing its shared bikes and e-scooter offering JustScoot to Thailand, Vietnam, Myanmar, Malaysia and Australia in August.