Wednesday, 25 November 2020

oBike’s owner buys 8,600 ofo bikes in US$430,000 deal

The bikes will be shipped to Costa Rica, where it will offer them for sharing under a new wide-ranging mobile application.

The Costa Rican investment firm that owns oBike has bought around 8,600 brand new bicycles belonging to failed Beijing-based bicycle sharing company Ofo in a US$430,000 deal, reports

OSS Inversiones will ship the two-wheelers over to Costa Rica, where it will offer them for sharing under a new wide-ranging mobile application.

- Advertisement -

But even as the firm moves ahead with its other plans, the negotiations with oBike’s liquidators to resolve the firm’s liabilities remain at an impasse.

Samuel Chaves, one of the directors at OSS, said that the bikes were bought this month from a warehouse which was holding them.

“The ofo bikes were being sold at a reasonable price and there were also brand new spare parts included. We will need about 40,000 mechanical bikes and 15,000 electric bikes to run our operations in Costa Rica, so these bikes will support our fleet there,” said Chaves.

The bikes will be refurbished for use through the 0mn1 app that will be launched in Costa Rica starting in September. Designed to be a “super app” with various uses, 0mn1 will allow users to rent the bikes, book taxis and pay for fares on public transport, and perform other functions.

- Advertisement -

OSS is launching the app through its Singapore-registered company Omni Sharing.

- Advertisement -

Related Articles


Traveling and Studying in Canada: How to balance Homework and Fun?

International students arriving in Canada find this destination amazing for both getting a degree and having fun. For most of them, there is a...

This week begins the transition to the dry season in the Central Valley and Guanacaste

QCOSTARICA - The transition to the dry season in the Central Valley and the Guanacaste (North Pacific) will begin this week, as these areas...

Apple will pay $113 million settlement for intentionally slowing down old iPhones

(BUSINESS INSIDER) Apple will pay a $113 million settlement in an investigation into the company's practice of intentionally slowing old iPhones down, a move...

Italy to start distributing Covid-19 vaccine at the end of January

(CNN) ROME - Italy wants to start distributing a Covid-19 vaccine at the end of January, Prime Minister Giuseppe Conte said Monday during an...

Covid-19 in Costa Rica: Hospital occupancy increases; there are 221 people ICU

QCOSTARICA - Though the number of new daily confirmed cases of covid-19 has remained stable, around 1,000, the number of hospitalizations and people requiring...

“Bubbles” burst due to fatigue and crisis

QCOSTARICA - We are tired. The physical and mental exhaustion of the pandemic grows exponentially, added to an economic and social crisis, ended up...

Let's Keep This Going!

To be updated with all the latest news and information about Costa Rica and Latin America.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.