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4th July, 2019

Ogreco to launch e-scooter sharing service

Hungarian-owned Ogreco will launch its electronic scooter sharing service next week with a fleet of 100 in downtown Budapest, the company told state news agency MTI.

Customers can use the service by downloading an app and registering online. Fees will be charged by the minute and by kilometres travelled, without a fixed monthly fee.

The company plans to expand outside the inner part of the city (Nagykörút) once its fleet grows.

The company would not disclose its revenue forecast.

Currently, Lime offers a similar service in Budapest.

Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).

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