Mobike - About the company
Mobike is an acquired company based in Beijing (China), founded in 2015 by Weiwei Hu. It operates as an App-based rental platform offering bicycles. Mobike has raised $925M in funding from investors like Warburg Pincus, Tencent and Hillhouse, with last known valuation of $3B. The company has 272 active competitors, including 23 funded and 6 that have exited. Its top competitors include companies like nextbike, Pony and Beryl.
Sectors and market segments that Mobike operate in
Mobike serves in the Travel and Hospitality Tech, Auto Tech, Transportation and Logistics Tech market segments.The primary business model of Mobike are:Company Details
MoBike is an app-based rental platform offering bicycles. The platform enables users to find a Mobike nearby on the map and rent bicycles through the mobile application. The bicycles can be tracked via GPS and the users are charged on the basis of distance driven. After the ride, the bicycle can be parked on the public parking spots, sliding the lock, and see the trip details pop up on the application.
- Website
- www.mobike.com
- Email ID
- *****@mobike.com
- Phone Number
- +86 **********
Key Metrics
Founded Year
2015
Location
Beijing, China
Stage
Acquired
Total Funding
$925M in 9 rounds
Latest Funding Round
Last Known Valuation
$3B as on Jun 20, 2017
Investors
Ranked
4th among 272 active competitors
Employee Count
450 as on Aug 31, 2026
Investment & Acquisitions
Exit Details
Acquired by Meituan (Apr 03, 2018)
Mobike's acquisition details
Click here to take a look at Mobike's acquisition in detail
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Mobike's funding and investors
Mobike has raised a total funding of $925M over 9 rounds. Its first funding round was on Oct 30, 2015. Its latest funding round was a Series E round on Dec 20, 2017 for an undisclosed amount. 1 investor participated in its latest round. Mobike has 34 institutional investors.
Here is the list of recent funding rounds of Mobike:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 20, 2017 | Undisclosed | Series E | - | - | - | |
Nov 15, 2017 | Undisclosed | Series E | - | - | - | |
Jun 16, 2017 | $600M | Series E | $3B | - |
View details of Mobike's funding rounds and investors
Mobike's founders and board of directors
Founder? Claim ProfileHere are the details of Mobike's key team members:
- Weiwei Hu: Co-Founder & CEO of Mobike.
View details of Mobike's Founder profiles and Board Members
Mobike's employee count trend
Mobike has 450 employees as of Aug 26. Here is Mobike's employee count trend over the years:
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Mobike's Competitors and alternates
Top competitors of Mobike include nextbike, Pony and Beryl. Here is the list of Top 10 competitors of Mobike, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Operator of bike-sharing programs providing bicycles, e-bikes, and cargo bikes | - | 67/100 | ||
2nd | Pony 2017, Oxford (United Kingdom), Series A | App-based bicycle rental service | $9.06M | 58/100 | |
3rd | Beryl 2014, London (United Kingdom), Series A | Operator of app-based scheme for shared use of bikes and scooters | $5.93M | 54/100 | |
4th | App-based rental platform offering bicycles | $925M | 53/100 | ||
5th | Self-help city bicycle rentals | - | 51/100 | ||
6th | App-based platform offering e-bicycle rental services | - | 51/100 | ||
7th | Capital Bikeshare 2010, Washington, DC (United States), Unfunded | Bike sharing service for easy, affordable, and fun metro DC exploration | - | - | 49/100 |
8th | App-based bicycle rental platform | - | - | 48/100 | |
9th | Chari Chari 2019, Chiyoda City (Japan), Series A | App-based platform offering bicycle rental services | - | 47/100 | |
10th | Free-float bicycle rental platform | $1.87B | 46/100 |
Looking for more details on Mobike's competitors? Click here to see the top ones
Mobike's Investments and acquisitions
Mobike has a total of 1 investment in Secre Coffee. Mobike has not made any acquisitions as of now.Reports related to Mobike
Here is the latest report on Mobike's sector:
News related to Mobike
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Baidu names ex-Fiat Chrysler exec as CEO of its new EV firm with GeelyTech in Asia•Feb 22, 2021•Baidu, Fiat Chrysler Automobiles, Mobike, Geely
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Baidu confirms former Mobike co-founder Xia Yiping as CEO of Baidu car company36Kr•Feb 21, 2021•Baidu, Mobike, Geely, GWM Group
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Mobike has been fully connected to Meituan, Mobike App will stop service tonight36Kr•Dec 14, 2020•Mobike
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Meituan Bicycle: Beijing Operation Team Will Strengthen O&M and Disinfection in Hot Spots36Kr•Jun 24, 2020•Mobike
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ISOTeam's SG Bike takes over Mobike licence to operate 25,000 bicyclesThe Business Times•Nov 27, 2019•SG Bike, Mobike
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