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Bike-sharing company Ofo to leave Seattle by end of August | GeekWire

In Seattle, Ofo is looking for nonprofit organizations to take its fleet of bright yellow bicycles.
Ofo bikes in Seattle. (GeekWire Photo / Monica Nickelsburg)

Seattle Ofo customers who prepaid for rides will be refunded according to an email the bikesharing company sent this week.

Ofo is shutting down operation in Seattle August 31. The company promises to refund customers the remaining balance on their accounts within 45 days of that date.

RELATED: What will happen to Ofo bikes in Seattle? Some meet their end at recycling center

Ofo announced plans to leave Seattle after the city approved new regulations for dockless bikesharing companies in July. The Beijing-based company said the new $250,000 annual permit fee is the primary reason it is leaving the region. But Ofo has been shutting down in cities across the U.S. and cutting most of its American workforce.

Read the full article on GeekWire.

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