Melbourne's oBike Is Reportedly Leaving The City

Less than 12 months since launch.

Melbourne's oBike Is Reportedly Leaving The City Image: AAP

Melbourne will soon be oBike free, with reports emerging that the company will remove its bikes and depart the city.

The controversial bike-sharing company will leave the city after new environmental regulations, according to Fairfax Media and News Corp.

The bikes earned fame for being dumped in various locations, including the Yarra River, since being launched 12 months ago.

It's even once seen a bike hung up in a Melbourne alley like the scene from E.T.

Port Phillip Mayor Bernadene Voss said the company couldn't meet regulations that would see it dealt hefty fines if the bikes were left abandoned.

"They can't cope with the new regulations that's been imposed on them," she told Fairfax Media.

A new service, Mobike, is reportedly launching soon.