Three major cycle-sharing companies have pulled out of Britain’s cities in just over a year.
Can the schemes ever be sustainable?
- Niamh McIntyre and Julia Kollewe
- The Guardian
Not so long ago, Chinese bike-sharing company ofo was planning to put 150,000 of its distinctive yellow bikes on London streets.
Buoyed by $2bn of venture capital funding, ofo was going to “optimise city resources” and…
Mobike, another Chinese start-up and ofo’s main competitor, was also apparently in the business of tech-altruism.
Its journey data would provide “invaluable insights” for local planning departments.
But in January, ofo followed oBike and…