The company behind bike-sharing app Nextbike, Nextbike Malta Limited, has announced that it will be terminating its operations in Malta on 31st December 2022.
The company listed a number of reasons behind the decision, including the emergence of micro-mobility systems, ride-hailing services and free public transport, in addition to the lack of suitable urban bike infrastructure & road safety.
“Regular theft and vandalism, in addition to two years of COVID, have also had a terrible effect on the company’s income”, a lengthy post by the company stated.
“Nextbike Malta is still of the opinion that a national bike-sharing program is necessary. But these systems’ unit economics won’t function unless the government actively encourages, promotes, and provides incentives for people to use bicycles as a substitute form of transportation.”
The company has informed the public and their followers that the Customer Service number (+356 2099 6666) will be in operation until January 31, 2023.
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