Costa Rican firm OMNi aims to bring electric motorcycle-sharing service to Singapore

Now, the Costa Rican firm intends to make a comeback here – but with electric motorcycles.

“We have the expertise in mobility so we will be creating our own software,” Mr Cheong said, adding that OMNi is in discussions with the authorities.This comes after it was announced earlier this year that high-powered electric motorcycles, referring to those with power ratings of more than than 10kW,, with those able to hit at least 50kmh now allowed on expressways.

Mr Cheong said the OMNiGo electric motorbikes will attract companies wanting to become more eco-friendly, and a plus point is that they will be leased at the same price as conventional motorcycles.Despite getting burned once in Singapore after its shared-PMD service plans got shelved, OMNi is optimistic about its new venture.

Singapore University of Social Sciences urban transport expert Park Byung Joon however said he is sceptical about OMNi's chances. "No 'sharing economy business' has shown financial viability so far," said Associate Professor Park."I doubt it will make money."OMNi first made headlines in early-2019 after it was reported that co-founder Oscar Moises Chaves had boughtWhen oBike abruptly stopped operations in 2018, more than 200,000 users were affected, with S$8.9 million in as-yet unrefunded deposits.

While Mr Chaves continues to hold a majority stake in oBike through his investment firm OSS Investment Group, Mr Cheong - who is a partner in OSS - said there has been little progress in settling oBike’s affairs, as its founder and former chairman Shi Yi cannot be found.

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