Bike-sharing Kolobike officially declared bankrupt with debts of 4.4 million rubles

Bike-sharing Kolobike has been officially declared bankrupt — the company accumulated debts totaling 4.4 million rubles.

Meanwhile, the company's remaining assets are worth only 9,875 rubles, making it impossible to fully repay the debt.

Earlier, the service began selling off bicycles, unable to compete with electric scooters.