people and ideas, and keep you up-to-date on technology. The LTA said on Thursday (14 Feb) it had suspended Ofo’s operating licence and that the company will be required to remove all of its bicycles from public places by 13 March. Elon Musk: You Can Now Buy A Tesla With Bitcoin, This S’pore Startup Built Autonomous Robots That Deliver Parcels, Groceries To Punggol HDBs. But despite the deadline extension, ofo still failed to comply with regulations. By registering, you agree to our T&C and Privacy Policy. Here’s Why Brick-And-Mortar Is Still Relevant In S’pore Today, More S’pore Employees Can Return To The Workplace – Split Teams Not Required From Apr 5. Its licence was suspended in February this year after it failed to meet regulatory requirements, such as failing to implement a QR code-based parking system that would allow its bicycles to be parked only within specified areas. Perhaps, when the dust has settled and bike-sharing regulations have been refined, Singapore can then properly enjoy the benefits of this mode of urban mobility. Ksubaka conducted a research of Singapore's bike sharing market with responses from 2,023 individuals. Dispute Over Failure To Pay Fees. Like what you read? While 2017 could be seen as the ‘golden year’ of bike-sharing in Singapore, 2018 was pretty much the opposite. Join ST's Telegram channel here and get the latest breaking news delivered to you. Out of the remaining five bike-sharing operators, Anywheel, Mobike, ofo and SG Bike have submitted their applications to LTA to obtain their two-year license. 201431998C. In February, the Land Transport Authority of Singapore (LTA) showed no love to Chinese bike-sharing firm in Singapore, ofo, on Valentine’s Day as it suspends its licence. A senior member of Ofo’s operations team, said that the team was instructed to stop recovering bicycles parked indiscriminately on the final three days of their employment this week. ofo is bringing bike-sharing revolution to Singapore with its island wide networks! Featured Image Credit: Connected to India. Things had looked rosy for the firm when it secured US$866 million (S$1.17 billion) in March last year from backers including Chinese e-commerce behemoth Alibaba Group. Bye-cycle: No More ofo Rides In S'pore As LTA Cancels Its Bike-Sharing Licence, reported that the deadline had been extended, valuations worth more than US$2 billion in 2018, unauthorised charges to their ofo accounts. Our team personally tests all the gears and bicycles. It was named "Ofo" due to the word's resemblance to a cyclist on a bicycle. The company was founded in 2014 by five members of the Peking Universitycycling club as a project that initially focused on bicycle tourism before deciding on bicycle sharing. Founded in 2014, ofo is the world’s first dockless bicycle-sharing platform that is operated via an online mobile app. Features shown off for the new ofo bike, launched in Singapore on May 24, 2017. This is despite the substantial monetary backing from Chinese e-commerce giant, Alibaba, as ofo had raised US$866 million early last year. SINGAPORE - Cases of bike misuse or vandalism have been increasing, since bike sharing services provided by MoBike, ofo and oBike were launched in Singapore earlier this year. The LTA notice gave ofo up to 14 days to make written representations regarding the decision. All done! Find out the winner among oBike, Ofo and Mobike. Unlicensed operators can face a fine of up to $10,000 and/or a jail term of up to six months, with a further fine of $500 for each day the offence continues after conviction. oBike was a Singapore-registered stationless bicycle-sharing system started by businessmen Shi Yi and Edward Chen with operations in several countries. According to CNA, ofo had valuations worth more than US$2 billion in 2018. This was discovered after they had vacated their Singapore office abruptly and the company terminated operations staff suddenly. Ofo has lost its bike-sharing licence as of 2019 and Baicycle, who failed to get a bike-sharing licence, has ceased operations, too. The Land Transport Authority of Singapore (LTA) announced Monday (22 Apr) that it has cancelled the licence of Chinese bike-sharing firm, ofo, in Singapore. Local mobility startup company Moov Technology received its bike-sharing licence in 2019 for a whooping 10,000 bikes, but hasn’t seemed to have taken to the ground yet. Vulcan Post creates content to make smarter consumers and inspired entrepreneurs. Things had looked rosy for the firm when it … This article is now fully available for you, Please verify your e-mail to read this subscriber-only article in full. All rights reserved. From emerging startups to billion-dollar unicorns, we bring you stories of remarkable Follow us on Facebook. It was later given until March 28 to meet these requirements, as the firm had told the LTA that it was in the "advanced stages of negotiation" to partner another party to resume operations and fulfil the conditions. Outdoor Activities Get around Singapore with the Park Connector Network. Get unlimited access to all stories at $0.99/month for the first 3 months. Then on 3 April, it was reported that the deadline had been extended to 28 March, and ofo was served a notice of intention to cancel its licence by LTA. In its heyday, there were 8 bike-sharing firms in Singapore – Chinese firms Mobike, ofo, and Baicycle, and local firms oBike, SG Bike, GBikes, ShareBikeSG, and Anywheel. No. https://vulcanpost.com/662259/lta-cancels-ofo-singapore-licence It’s a free resource to buy different types of Bikes. The licence cancellation leaves Mobike, Anywheel, SG Bike and industry newcomer Moov Technology as the remaining bike-sharing operators in Singapore. To use the bikes, users just need to unlock them using an app. Is The Future E-Commerce? Ofo had been operating in Singapore since early 2017 and once had more than 90,000 bikes deployed here, according to a former employee. A group of young men believed to be sharing in the 30th floor of the 30th floor, which was believed to be in the light of the safety of others. We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused. However, ofo responded saying that the sale is actually a move made by their freight forwarding partner in Singapore over a commercial dispute. Yet, the bike-sharing firm had defaulted on “thousands of dollars” of employees’ claims as well as on vendors’ payments which are reported to be over $700,000. ofo is bringing bike-sharing revolution to Singapore with its island wide networks! They hail from three private companies that have gained popularity in Singapore since early 2017— namely, Mobike, oBike, and ofo. No. SPH Digital News / Copyright © 2021 Singapore Press Holdings Ltd. Co. Regn. Co. Regn. ofo was given 14 days to “make a written representations to the authority” for failing to miss the deadline to remove its bicycles. Experts have said that the bike-sharing industry has struggled to find a sustainable business model, with many firms worldwide operating at massive losses that were previously offset by cash-rich backers. 56 talking about this. Until we resolve the issues, subscribers need not log in to access ST Digital articles. Bike Sharing in Singapore heats up with oBike and Ofo launching their services for anywhere pick up and drop off bike sharing services. Channel NewsAsia (CNA) said that the extension was provided to ofo because they notified LTA that they were in last stages of talks with a potential partner to meet the conditions of its licence and resume operations. ofo is the world’s first “non-docking” bike-sharing platform and the first company to propose a complete bike-sharing model. PHOTO: Desmond Koh PHOTO: Desmond Koh Bike-sharing firm ofo will start charging a S$39 deposit to allay concerns over the misuse of its bikes, while fitting global positioning system (GPS) trackers onto 500 of their new bicycles to help users better find them. We haven’t heard anything about Baicycle so far, but they’d have to act fast to meet LTA’s deadline if they want to obtain a license to continue operating in Singapore. Ltd. SINGAPORE - Beleaguered bike-sharing firm ofo has lost its licence to operate in Singapore, after failing to provide enough justification for why its licence should not be cancelled. 2 talking about this. Focused on urban living, most of their bikes can found around the central regions of Singapore. At that time, ofo was given up till 13 March to remove all its bicycles from public spaces and failure to do so would result in LTA cancelling ofo’s licence. Just last month, ofo landed in hot water again as angry users took to social media to berate the firm for making unauthorised charges to their ofo accounts. It has a cellular device, Sim card, and pretty slick locking mechanism. 1 en parlent. The com… Ofo had been operating in Singapore since early 2017 and once had more than 90,000 bikes deployed here. Still, ofo did not meet the regulatory requirements to reinstate their licence. Curious to see what is inside of a Ofo Public Bike Share lock. Lucky for you, I’ve hunted these bikes down (from each of the aforementioned companies) and put them all to the test. Ofo had been operating in Singapore since early 2017 and once had more than 90,000 bikes deployed here, according to a former employee. However, its licence was suspended in February after it failed to meet regulatory requirements. Vulcan Post / Copyright © 2021 GRVTY Media Pte. SG Bike currently operates a fleet of 3,000 bicycles, while Anywheel was earlier this month awarded a licence to run a fleet of 10,000 bicycles, up from its previous cap of 1,000. Straightforward and easy to use, this no frills app from China was the first of its kind to breach our shores. You have reached your limit of subscriber-only articles this month. Stay updated with our weekly curated news and updates. Each bike is unique to its owner; it depends on how they use it. Read 3 articles daily and stand to win ST rewards, including the ST News Tablet worth $398. Share gift link below with your friends and family. The bikes have a built-in Bluetooth lock and can therefore be left anywhere at the end of a journey, not just at a docking station.Users use a smartphone app to locate and hire bikes. The freight forwarding company, which has not been named, is taking action against ofo for failure to pay their freight and logistics fees. Using Ofo bike sharing service: Unlike traditional bike rentals, bicycles from Ofo can be picked up and dropped off anywhere. Bike-sharing, once a hot investment opportunity has fizzled out disastrously. received a notice of intention to cancel its licence, Over 7,900 ofo bicycles sold in public auction, Bike firm ofo allegedly charged dozens of users without authorisation, cases still unresolved, LTA refunds bicycle-sharing operators more than $570,000 in bid to promote active mobility, SG Bike takes over Mobike's licence to operate 25,000 bicycles in Singapore, Moov granted licence to operate larger bicycle fleet of up to 10,000; fewer shared bikes parked improperly, LTA approves SG Bike application to take over Mobike licence, but app integration is delayed, LTA sells impounded shared bikes for $5 each, donates nearly $30,000 to charity, Bicycle-sharing firm Moov applies to expand fleet of 1,000 bikes, No dearth of shared bikes with exit of biggest player, oBike's owner buys 8,600 ofo bikes in $430,000 deal, New bike-sharing operator Moovs in with refurbished ofo bikes, Bike-sharing firms seek ways to stay afloat. In an update on Monday (April 22), the authority said: "As ofo has not provided LTA with sufficient justifications on why its licence should not be cancelled, LTA cancelled ofo's bicycle-sharing operating licence on 22 April. We at o.bike provide valuable Reviews of Bicycles & Outdoor Gear. This will require existing bike-sharing firms in Singapore, namely SG Bike, Anywheel, and Moov, who were all awarded licenses to operate, to work closely with LTA as well as the local community here. The recent emergence of bicycle sharing apps like oBike, ofo Bike, Mobike and the various others are giving bike shops in Singapore a run for their money. 198402868E. All Rights Reserved. According to the Straits Times (ST), the authority said, “As ofo has not provided LTA with sufficient justifications on why its licence should not be cancelled, LTA cancelled ofo’s bicycle-sharing operating licence on 22 April.”, “Ofo will not be able to offer dockless bicycle-sharing services in public places in Singapore without this licence.”. In December 2018, CEO and founder of ofo, Dai Wei, revealed that the company had “immense” cash flow problems. ofo Singapore | 2,503 followers on LinkedIn. Mobike, which has a licence to run 25,000 bikes, last month announced its decision to withdraw from the Singapore market. They can read the article in full after signing up for a free account. But reports emerged late last year that ofo was battling "immense" cashflow problems and that it had considered disbanding as an option. But a log-in is still required for our PDFs. Mobike is the largest player in the Singapore bike-sharing scene, with a licence to operate 25,000 bicycles. The gift link for this subscriber-only article has expired. Obike, Ofo, Mobike ReviewsPlease try to watch it to the end. I have always been interested in trying out these different apps to find out which is the best. So that YouTube will recommend this video to more viewers.Don't forget to subscribe! Whatever we write on this site is true to our knowledge and is based on our personal experience. Ofo bike sharing service has international version of the Ofo App that only users with a Singapore, UK or US phone number can sign up to use. OFO Photo Credits: ofo. In 2016, Ofo expanded to other cities in China, and had a fleet of 85,000 bicycles by the end of the year. You notice how some people may attach baskets to bicycle to allow for storage while riding. Ofo Next In Line To Exit Singapore Market By 13 March. "Ofo will not be able to offer dockless bicycle-sharing services in public places in Singapore without this licence.". Meanwhile, Moov was granted a sandbox licence earlier this month to operate 1,000 two-wheelers here. other model of ofo bike on https://www.youtube.com/watch?v=dZk6M9BwQZc The Chinese firm, whose licence had been suspended since mid-February, received a notice of intention to cancel its licence from the Land Transport Authority (LTA) on April 3. As fellow Chinese bike-sharing operator Mobike, exits Singapore, we can’t help but wonder what will the future of bike-sharing here be like. A Guide To Group Buying In S’pore: How Does It Work And How Much Can You Really Save? Chinese bike-sharing company Ofo’s licence was cancelled by the Singapore transport authority after missing a deadline to remove its bicycles from public spaces as of March. Ofo was launched in June 2015 in Beijing, gaining 20,000 users and 2,000 bicycles by October with investment funding from a Peking University alumnus. The move comes as part of its plans to "rationalise" operations in South-east Asia, according to a spokesman of its parent company Meituan Dianping. SINGAPORE — By now, everyone in the Republic is familiar with bike-sharing, thanks primarily to three companies, oBike, Ofo and Mobike that have inundated our sunny island with two-wheelers.
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