oBike
oBike was a dockless bicycle-sharing company founded in Singapore in December 2016, offering smartphone app-based rentals without fixed docking stations.[1]
Co-founded by Edward Chen as chief marketing officer, the service launched in Singapore in February 2017 and rapidly expanded to over 60 cities across 17 countries, including Australia, Europe, and various Asian markets, attracting millions of users through low-cost, convenient access.[2][3][4]
Despite initial success in promoting micromobility, oBike encountered severe operational failures stemming from the dockless model's inherent vulnerabilities: users frequently abandoned, vandalized, or improperly parked bikes, resulting in urban clutter, regulatory fines, and impoundments that overwhelmed fleet maintenance.[5][6][7]
These issues, compounded by inadequate incentives for responsible usage and the broader challenges of scaling in unregulated environments, led to the company's liquidation in Singapore by June 2018, with operations halting worldwide and thousands of bikes left stranded.[8][9][10]