|MoU signed between ofo and Pune Municipal Corporation|
ofo, the world's first and largest station-free app based bike-sharing platform, has signed a memorandum of understanding (MoU) with the Pune Municipal Corporation (PMC) to support the Pune Cycle Plan – a comprehensive bicycle master plan for integrated city-wide cycle tracks across Pune.
Prepared with support from the Ministry of Housing and Urban Affairs, Government of India, the Pune Cycle Plan sets out to create the necessary infrastructure for proper cycle tracks, a city-wide cycle network, seamless public sharing bicycle schemes and development of cycle promotion activities for encouraging the use of this eco-friendly mode of transport.
Mobility has become a major civic issue in Pune recently as facilities for public commuting have not kept pace with the city's growth. As per PMC's Environment Status Report 2016-17, with 700 private vehicles being added to the roads every day, the city's vehicle population is now equal to its human population. This rapid rise in vehicular traffic is leading to air pollution, health problems, accidents, and wastage of time in traffic congestion. Recognizing this, the PMC has come up with the Pune Cycle Plan as part of its Comprehensive Mobility Plan (CMP).
Rajarshi Sahai, Director of Public Policy & Communications, ofo said, "We are delighted to partner with the city of Pune. We wish to improve its quality of life in the city by providing a healthier, quicker, and greener alternative to motor vehicles. Our station-free bike-sharing concept has improved the transportation in cities across the world. Our mission is to solve the 'last mile' transportation problem in India's urban areas and we see immense potential in Pune for ofo's convenient, affordable and low carbon way of travel. He further added, "Pune's approach to have global bicycle sharing operators bring in the bicycles, while the city builds infrastructure and parking to meet deployment is an example in role clarity for public and private sector. We are delighted by the support we have received here and we do plan to deploy in Pune soon."
Speaking on the initiative Mr. Kunal Kumar, Commissioner of the Pune Municipal Corporation, said, "We are getting closer to our vision of sustainable mobility and healthy living in Pune. Along with partnerships for public bicycle sharing with partners like ofo, we are creating an infrastructure where cycling is safe, attractive, comfortable and the travel mode of choice. As more people switch to bikes from cars for short-distance travel, apart from getting exercise, they will also help reduce traffic congestion, fuel consumption and air pollution."
Till date, ofo has operations in over 250 cities across 20 countries alongside widespread usage by over 200 million global users with more than 6 billion efficient, convenient and green rides. This innovative bike sharing platform requires no fixed docking stations, thus providing significant flexibility for user to find and return bikes.
In Oct 2017, ofo joined hands with C40 – a network of world's leading megacities – to establish joint efforts in tackling pollution & climate change, and contribute to research focused on healthy livable cities.
In July 2017, ofo completed Series E funding of US$700 million led by Alibaba, Hony Capital and CITIC Private Equity, becoming the world's biggest and most valued bike-sharing company.About ofo
Founded in 2014, ofo is the world's first and largest "station-free" bike-sharing platform operated via an online mobile application.
The development of ofo platform was inspired by the concept of sharing economy and facilitated by smartphone technology, aiming to tackle "the last mile" challenge in urban areas.
As of today, ofo is ramping up operations in over 250 cities across 20 countries. It generates 32 million transactions daily and has provided over 200 million global users with 6 billion efficient, convenient and green rides, which have reduced carbon emissions by over 3.24 million tons in total, the equivalent of saving more than 920 million litres of gasoline or reducing 1.55 million tons of PM2.5 emissions.
12500 ofo's bike-sharing system requires no fixed docking stations, providing significant flexibility for users to find and return bikes.
As more people switch to ofo bikes from cars for short-distance travel, they do only not get more exercise by riding, but also helps reduces traffic congestion, fuel consumption and thus air pollution.
In July 2017, ofo has completed Series E funding of US$700 million, becoming the world's biggest and most valued bike-sharing company.
To learn more, please visit www.ofo.com