The announcement of the discontinuation of oBike in Singapore has caused a great hoo-ha in the community.
oBike’s announcement on Facebook last Monday was swamped with hundreds of furious messages from Singaporeans asking for the S$49 deposit back, using the hashtag #refundmydeposit.
Later again, oBike users from other countries have also been putting a question on the same matter of such in Malaysia. When oBike service was launched in Malaysia back in 2017, it was claimed to be Malaysia’s first and largest dockless bike-sharing platform. However, with the act of misuse and vandalism of oBike, it has been rather evident to notice an air of pessimism over the future of the bike-sharing scene here.
Recently, oBike users in Malaysia are also going on about the oBike scam here as oBike has removed its Refund button from their app.
In fact, the benefits of bike sharing schemes include transport flexibility, reductions to vehicle emissions, health benefits, reduced fuel consumption and financial savings.
Accessibility and affordability help to promote the concept of a bike share system as a win-win for anyone. In short, bike share program benefits not only the users but the city or the community as a whole.
However, The Business Times revealed that oBike brought in S$912,668 in revenue, but recorded some S$4.25 million in losses. The company has, since early this year, been grappling with cash flow problems, including its having run up a loss of more than S$4 million last year and owing various service providers months of fees. It also owes “several months of fees” to Ruder Finn, a public relations agency in Singapore.
Questions: Will “oBike scam” be resolved soon in Malaysia? Will oBike remain the future of transportation?