LTA Penalises Ofo For Having Too Many Bikes – Its Fleet Has Over 15,000 Bikes In Excess
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.
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Ofo Raises Bike-Sharing Prices By Up To 3x Due To LTA Licensing Fees: Rides Under 15 Mins Now Cost $1
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.
ofo Awarded LTA Bike Sharing License, But “Disappointed” They Can Only Operate Smaller Fleet Of 25,000 Bikes
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.
An Exclusive Insider Account On Why ofo Left M’sia And So Many Other Markets
A person with insider knowledge regarding ofo's operations approached us to provide some details regarding their closure in so many markets.
Bike-Sharing Firm Ofo Facing Cashflow Issues – Rumoured To Be Acquired By Didi For US$3 Billion
Didi restarted the acquisition talk earlier this month, and it is reportedly coming back with a lower price for every negotiation.
Ofo Singapore Users Complain Of Unauthorised Transactions – One Was Charged $100 “For No Reason”
On both online forum Reddit and ofo's Facebook page, users have posted complaints of errant charges found in their bank accounts.
Only 5 Out Of 8 Bike-Sharing Firms Remain In S’pore – How Many Will Finish The Race?
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.
It’s Payback Time – Logistics Partner To Sell 9,000 Ofo Bikes At $50 Because The Firm Failed To Pay Them
ofo responded saying that the sale is actually a move made by their freight forwarding partner in Singapore over a commercial dispute.
New LTA Regulations Will Pressure Bike-Sharing Companies To Be Stricter With Rogue Users
With QR code-based geofencing solution, LTA pressures bike-sharing firms in Singapore to be stricter with users to tackle indiscriminate parking problems.
You Can Now Use GrabPay To Pay For Your oBike Rides
Singapore oBike riders will now be able to pay using Grab's mobile wallet, GrabPay. In the coming months, oBike users can GrabRewards points from rides too.
Merge Or Remain Rivals? Prospect Of New Funding Adds Further Uncertainty To Ofo-Mobike Fight
With the prospect of new financing for Mobike, the long-rumoured merger between Ofo and Mobike may not happen anytime soon.
Alibaba Reportedly Invests In Ofo And Hellobike, As Battle For Bike-Sharing Dominance Escalates
Reports have surfaced that Ofo and Hellobike are set to complete new rounds of financing, and it is said that Alibaba is an investor.