Bye-cycle: No More ofo Rides In S’pore As LTA Cancels Its Bike-Sharing Licence
Chinese bike-sharing firm, ofo, will not longer be allowed to operate in Singapore as the Land Transport Authority (LTA) has cancelled its licence.
Chinese bike-sharing firm, ofo, will not longer be allowed to operate in Singapore as the Land Transport Authority (LTA) has cancelled its licence.
ofo Singapore users have reported unauthorised charges, including multiple charges to their cards, paying for passes they didn't buy, and 'unendable' trips.
Ofo's coming close to the end of its road, as it could face termination if it fails to remove all bikes in public places by 13 March.
Ofo did not provide any reason for the termination, nor were the affected employees offered a one-month compensation they were due to receive.
According to a report, ofo Singapore owes over S$700,000 in unpaid services to vendors. Former and current employees have also yet to be paid for claims.
One of 6 bike-sharing firms with a license to operate in Singapore, ofo is the only one to be penalised for missing the deadline to "right-size" its fleet.
Under LTA's new licensing framework, bike-sharing operators have to pay $60 for every bicycle deployed, on top of a $1,500 application fee.
Today, ofo announced that it has been awarded a full bike sharing license by the Land Transport Authority to operate a fleet of 25,000 bikes here.
A person with insider knowledge regarding ofo's operations approached us to provide some details regarding their closure in so many markets.
Didi restarted the acquisition talk earlier this month, and it is reportedly coming back with a lower price for every negotiation.
On both online forum Reddit and ofo's Facebook page, users have posted complaints of errant charges found in their bank accounts.
Out of the remaining 5 bike-sharing operators, Anywheel, Mobike, ofo and SG Bike have submitted their applications to LTA to obtain their two-year license.