Bicycle-sharing firm ofo raises prices for bike rentals
Contents From Asia One
SINGAPORE – Bicycle-sharing firm ofo raised its prices on Tuesday (Oct 9), less than two weeks after the Land Transport Authority announced that it would grant licenses to six bike-sharing companies to operate in Singapore.
Chinese firm ofo announced the update to its prices on its mobile application.
The company will charge users a fee of $0.50 to unlock one of its bicycles, and an additional $0.50 for every 15 minutes of use or part thereof.
For example, a 10 minute ride will cost users $1, while a 16 minute ride will cost users $1.50.