BlueSG will wind down its current operations on Aug 8 at 11.59pm. The carsharing company added that billing, account closures, and subscription adjustments and refunds will be managed until the end of August.

The firm said it is embarking on a major platform upgrade to better serve the “evolving needs of urban mobility” in Singapore.

What kind of impact does it leave on the people behind the wheel? And what does it mean for the future of shared mobility in Singapore?

On The Big Story, Hongbin Jeong speaks with Terence Fan, Assistant Professor Strategy & Entrepreneurship, Lee Kong Chian School of Business, Singapore Management University, to find out more.