Bike-share company Mobike expands activities in Tel Aviv

Despite the refusal of Tel Aviv to cooperate with Mobse, the Chinese company for bicycle sharing, the company is expanding its activities in the city. In Israel, Mobike operates via carpool company Car2Go of the Shagrir group.

Mobike has agreements with the University of Tel Aviv and neighboring municipalities such as Ramat Gan, so that the silver and orange bicycles can often be seen around Tel Aviv. Now Mobike has an agreement with Ltd. (Nasdaq: WIX), with which the employees of the company can access her bicycles in her offices in Tel Aviv Port and elsewhere in the city.

Unlike Tel-O in the Tel Aviv Municipality -Fun service, Mobike & # 39; s bikes are not tied to fixed stations. They can be picked up and left behind on every bicycle shed. They have a built-in lock and are hired with a special app with which the nearest bike is located. The user unlocks the bike by scanning a barcode on it and locks it in the same way at the end of the ride. The bikes are connected to a GPS system through which their movements and locations can be checked. They are stationed on hot spots in accordance with ad hoc requirements when public transport is not available or inadequate, such as at mass events.

More than 30,000 Israelis have already been registered for Mobike's bicycle service in Israel with 2,500 Mobike bicycles. Renting the bike costs NIS 4 per half hour.

Mobike was founded in 2015 by Hu Weiwei. Its value is estimated at $ 3 billion. The company, which has raised $ 1 billion so far, is active in the US, Australia, Germany, the UK, Italy and many cities in China. Mobikes rival Chinese bicycle sharing company Ofo recently announced unexpectedly that it stopped its services in Israel after less than a year in the country.

Published by Globes [online] Israel business news – – on August 19, 2018

© Copyright of Globes Publisher Itonut (1983) Ltd. 2018

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