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Ofo launched his pilot in Israel in April in Ramat Gan, east of Tel Aviv, and at the Weizmann Institute of Sciences, a research university in central Israel. In June, Yedioth Ahronoth reported that Ofo was terminating his service at the Weizmann Institute because many users had not brought the bikes back to campus, resulting in high recovery costs for the company. # 39; company. Later in the month, Ramat Gan released data showing that Ofo bikes are used about 1300 times a day in the city.
Ofo bicycles in Israel Photo: Shaul Golan
Ofo bikes do not require specific docking stations and can be parked anywhere and later using an app mobile In July, the Chinese e-commerce company Alibaba led a $ 700 million investment round in Ofo.
Ofo will remove the 500 bikes that he currently has in Israel by the end of the month, the company said in a statement.
The Israeli bicycle-sharing market has several major players, including Beijing Mobike Technology Co. Ltd. and Tel-O-Fun, managed by the city of Tel Aviv.
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