<article>OSS Inversiones, which acquired <a href="https://www.dealstreetasia.com/tag/obike/">oBike</a> last September, will terminate the bike sharing firm and instead start an e-scooter scheme in Singapore under the new brand 0mn1.</article>

OSS Inversiones, which acquired <a href="https://www.dealstreetasia.com/tag/obike/">oBike</a> last September, will terminate the bike sharing firm and instead start an e-scooter scheme in Singapore under the new brand 0mn1.
Omni Sharing, the new entity, has applied for a sandbox to rent out 500 scooters, according to a Straits Times report.
Oscar Moises Chaves, head of OSS Inversiones, told the newswire that he initially wanted to clear oBike&#8217;s debts and launch a new range of personal mobility devices (PMDs), but delays in resolving the company’s liabilities led to a new plan of launching 0mn1.
He said, Omni will provide seat e-scooters that can be taken onto trains. The new business&#8217; tech team is based in Shanghai, and the manufacturer is in Shenzhen. It looks to expand the Singapore-based team from the current 12 employees to 30 by April.
The operator will deploy its e-scooters around Orchard Road and Raffles Place once the application is approved. Omni also reportedly said it chose to start in Singapore as it wanted to show potential markets before a global expansion that the business can operate in a regulated environment.
Shared-PMD services operators have been allowed to submit for sandbox licences with limited fleets under the Land Transport Authority’s new policy.
&#8220;We want to learn these legislations, and once we properly establish the company, we will export the Singaporean way to do this,” the Straits Times cited Chaves as saying.
Chaves’ investment firm bought oBike last September and holds 66.9 per cent of oBike’s global business. oBike terminated its operations in Singapore in June and has entered liquidation with $9.4 million liabilities.
Chaves said, he would spend &#8216;tens of millions&#8217; to pay off the debts.
Also read:
<a href="https://www.dealstreetasia.com/stories/obike-halts-singapore-operations-due-to-regulatory-hurdles-100463/">oBike halts Singapore operations due to regulatory hurdles</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/asian-bike-sharing-startups-woes-101687/">More Asian bike-sharing startups forced to pedal out of markets</a>

OSS Inversiones, which acquired oBike last September, will terminate the bike sharing firm and instead start an e-scooter scheme in Singapore.

oBike's new owner applies for e-scooter service licence in Singapore

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oBike's new owner applies for e-scooter service licence in Singapore

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