Bicycle sharing firm from China gets more than 1.1 million orders in India

By Vandita Jadeja | Oct 07, 2019

Share

Ofo, A Chinese bicycle sharing company has received more than 1.1 million orders in India this year. The company mentioned that India indeed needs more of such environmentally friendly public transport options. The firm entered India’s market in November 2017 and its services are available across seven Indian cities, including Ahmedabad, New Delhi, Bangalore, Indore, Coimbatore, Pune and Chennai.

May you also like: Visa and Mastercard lose out to upstarts in India

Dexter Sim, incharge of India business of OFO stated that India has a huge population and the urban problems are worsening. There are problems like traffic congestion and environmental pollution, due to which India needs more environmentally friendly means of public transport. Further, he stated that there are more than 15 Indian cities that are interested in this service.

Ofo has operations in 19 foreign countries and offers more than 1.20 lakh green rides across in more than 70 cities across the globe. The bicycle sharing concept has rekindled the cycle revolution of the country when millions of Chinese used to cycle to work long before modernization was achieved. The bicycles are shared by people across most of the Chinese cities which helps reduce congestion due to public transport.

Comments

Recently Post

Zerodha Success Story: How Two Brothers Built India’s Leading Discount Broker

The Ultimate Guide to Telegram's Business Model: Innovation, Privacy, and Revenue Strategies

Remembering Han Jong-Hee: The Visionary CEO of Samsung Electronics

10 Billion Valuation: Unveiling the Secrets of Haldiram's Success

Zepto Business Model – How It Works and Makes Money

Amul Revenue Model Explained: The Secret Behind Its Dairy Empire

Lenskart Business Model: How Lenskart Makes Money and Dominates the Eyewear Industry