China's leading bicycle sharing platform Ofo bikes is making an entry into the Indian market through a partnership with the authorities in Pune to support the city's plan to promote cycle riding to curb the use of vehicles. The Alibaba-backed firm has signed a memorandum of understanding with the Pune Municipal Corporation, which is working on a bicycle master plan for the city. Ofo's entry comes soon after India's largest ride hailing service Ola launched its bicycle sharing platform Pedal. "Our station-free bike-sharing concept has improved transportation ...
Ofobacked Chinese bike-sharing firm Alibaba- has signed an agreement with the Pune Municipal Corporation to help reduce CO2 and noise pollution in the Indian city by launching a bike-sharing service. In a first for the country, the scheme will involve both the public and private sector, as Pune authorities will supply the initiative's infrastructure, while Alibaba- will be responsible for the bikes. Alibaba- claims to have more than 200 million users, and has a presence in 250 cities across 20 countries.