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 ...
Alibaba - backed Chinese bike - sharing firm Ofo has signed an agreement with the Pune Municipal Corporation to help reduce pollution 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 sectors , as Pune bikes will supply the initiative 's infrastructure , while Ofo will be responsible for the bikes . it claims to have more than 200 million users , and has a presence in 250 cities across 20 countries .