Bicycle sharing companies downgraded from Australia | Technology

The workings of the once-thriving Australian cycling economy after two other companies announced their withdrawal from the capital's markets.

The Ofo bikes and the Australian company Reddy Go were both welcomed as part of They turned to bike sharing when they were launched in Australia last year. Ofo is the world's largest bike sharing company and was named "Uber for bikes"

. But less than a year after its launch, the two companies announced that they were pulling out of Australia.

Ofo said this week that he had made a "strategic decision to focus on priority markets at the international level" and that he would "wind up" his operations in Sydney and Adelaide over the course of two years. next few months.

"As part of this will begin to remove bicycles from cities and consolidate them in our warehouses," said a spokesman.

"This decision does not come lightly, and Ofo Australia will act responsibly in each market by liquidating the transactions, resolving any outstanding concerns before finalizing the transactions."

Reddy Go, launched last year by the University of Technology Sydney graduate, Donald Tang, also withdraws from Sydney

Tuesday, the Australian reported that the company had sent messages to customers announcing that she was undergoing a "restructuring process" and offering two bikes for free. As part of this restructuring process, all existing memberships will likely be transferred to any new business, "the company reportedly said in a text message.

" If you do not want to wait for the restructuring process and want to end your membership, we are happy to offer you a free bike (a total of two bikes) in gratitude for your loyalty and support. "

Recoil pedal arrives just a month after Singapore-ba The sed oBikes company is withdrawn from Melbourne." The distinctive yellow rental bicycles had become a controversial presence in Melbourne, where local councils have raised Concerns about bikes left in inappropriate places and urban pollution.

OBikes also retired from Singapore and customers complained of not having access to refunds on deposits.

Ofo had about 200 bikes in Sydney and 100 in Adelaide at its launch last year.Reddy Go had about 160 bikes at its launch.