If you’re a fan of bike-sharing services, you might have heard of the Chinese bike-sharing company, OFO. The company started operating in London in 2017, but since then there have been some changes.
So, the question is – Is OFO still operating in London? Let’s find out.
The Beginning of OFO
OFO was founded in 2014 by a group of students from Peking University. They started by providing bikes for students to use on campus.
Soon after that, they expanded to other cities and countries around the world. In 2017, OFO launched its services in London.
The Rise and Fall of OFO
When OFO first launched in London, it seemed like a great idea. People could rent bikes for a small fee and ride them around the city instead of using public transport or driving their cars. However, things didn’t go as planned.
The company faced several challenges such as vandalism and theft of their bikes which led to reduced availability for customers. Additionally, there were issues with their app which made it difficult for users to locate and rent bikes.
In March 2018, OFO announced that they were leaving several markets including Australia, Germany and Israel due to a lack of profitability. Later that year in September, they also announced that they were pulling out of the UK market.
So.. Is OFO still operating in London?
The answer is no. OFO is no longer operating in London or any other city in the UK. As mentioned earlier, the company pulled out of the UK market back in September 2018.
Conclusion
In conclusion, if you’re looking to rent a bike-sharing service provider in London, you will have to look elsewhere as OFO is no longer an option. It’s important to keep up with the latest news and updates on bike-sharing services to ensure that you’re always using a reliable and available service.