ofo Partnering With Enterprise Truck Rental to Save More Than $1 Million Annually

ST. LOUIS, July 3, 2018 /PRNewswire/ -- The world's first and largest dockless shared mobility company, ofo, is partnering exclusively with Enterprise Truck Rental as it continues to expand throughout the U.S. Enterprise trucks will be used to transport ofo's fleet of over 40,000 bicycles across the more-than-30 U.S. cities where the company operates. The partnership is expected to save ofo over $1 million in operating expenses annually.

"As we continue to rapidly expand across the U.S., partnering with Enterprise Truck Rental will enable us to operate more efficiently and better manage our business with a trusted name in the transportation industry," said Marco McCottry, head of North American operations at ofo. "Operating locally is key to our success, and Enterprise's extensive network and range of sustainable transportation solutions are well suited to our business model, particularly as we continue to grow and launch new products."

A global company that operates at the local level, ofo has dedicated teams who are responsible for overseeing its dockless fleets and ensuring that bicycles are properly parked, distributed and maintained. The Enterprise partnership will extend as ofo expands its U.S. footprint, which is projected to reach 100 cities by the end of 2018.

Integrated Global Network

Enterprise Truck Rental is a service of the Enterprise Rent-A-Car brand, which is owned by the world's largest car rental company. Enterprise's legacy of superior customer service has contributed to Enterprise Truck Rental's growth over the past few years.

Today, the Enterprise Rent-A-Car brand is operated through a network of independent regional subsidiaries and franchises in thousands of communities and at airport locations across North America, Central America, South America, the Caribbean and Europe, as well as parts of Asia-Pacific and the Middle East.

This integrated network not only features a wide variety of local programs – including fleet management, car sales, vanpooling, carsharing, truck rental and online ride-matching – it also can play a critical role in shaping the future of mobility. 

Many businesses rely on the extensive Enterprise network – including more than 300 Enterprise Truck Rental locations across North America – to deliver the latest and most flexible transportation options. In thousands of communities of all sizes, Enterprise's highly accessible network provides short- and long-term vehicle rentals as cost-effective and fuel-efficient modes of local transportation.

Advancing Sustainable Mobility

Enterprise is always looking for strategic partnerships with public-policy leaders and key organizations who share an interest in advancing sustainable mobility. To date, ofo's more than 250 million riders have reduced aggregate carbon emissions by over 3.8 million tons.

"Bikesharing has grown rapidly in North America and has provided an innovative mobility option that can both substitute for and complement public transportation….These promising findings show that bikesharing has notable potential to enhance urban mobility in a wide variety of North American cities," said Susan Shaheen, Co-Director of the Transportation Sustainability Research Center at the University of California, Berkeley.

Along with ofo, Enterprise partners with the Corporate Eco Forum, the Department of Energy's Clean Cities initiative, the National League of Cities' Sustainable Cities Institute and the Association for Commuter Transportation (ACT) – as well as travel organizations like the Global Business Travel Association (GBTA) and World Travel and Tourism Council (WTTC) – to help incorporate sustainability goals into comprehensive, long-term local transportation planning.

"Like Enterprise, ofo realizes that sustainable mobility is the future of the transportation industry," said Mike Pugh, newly appointed Corporate Vice President of Enterprise Truck Rental. "Our partnership ensures that the ofo team is able to focus on what they do best. We are excited to provide trucks to support the expansion of ofo's operations."

For more information about Enterprise Truck Rental, visit www.enterprisetrucks.com or call toll free 1-888-RENT-A-TRUCK.

About Enterprise Truck Rental
Enterprise Truck Rental rents commercial-grade trucks and vans to consumers and businesses in need of replacement, temporary or supplemental transportation. Enterprise first began renting commercial trucks in 1999 and, a decade later, started offering truck rentals for personal use in response to customer demand. All Enterprise Truck Rental customers receive the Enterprise brand's renowned high level of service, including free pickup and 24-hour roadside assistance. The Enterprise Truck Rental fleet can fulfill a range of personal and commercial trucking needs and includes models ranging from ¾- to 1-ton pickup trucks and cargo vans to box trucks and stake bed trucks up to 26 feet.

About ofo
Founded in 2014, ofo is the world's original and largest dockless shared mobility company. ofo was created for sharing and aims to unlock every corner of the world by making bikes accessible to everyone. To date, ofo has connected users to more than 14 million bikes in over 300 cities across 22 countries, generated more than 32 million daily transactions and has provided over 250 million global users with 7 billion efficient, convenient and green rides. ofo recently partnered with the JJ Barea Foundation to donate 600 bikes to Puerto Rico in support of hurricane relief efforts, teamed up with the UN Development Programme in April to achieve the Sustainable Development Goals, and launched a partnership with Rihanna's Clara Lionel Foundation in August, in which ofo donates bicycles to girls living in Malawi in need of a safe way to get to school. To learn more, visit www.ofo.com.

SOURCE Enterprise Truck Rental