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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.

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.
Social
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Email ID
*****@mobike.com
Phone Number
+86 **********
Key Metrics
Founded Year
2015
Location
Beijing, China
Stage
Acquired
Total Funding
$925M in 9 rounds
Last Known Valuation
$3B as on Jun 20, 2017
Ranked
Employee Count
450 as on Aug 31, 2026
Investment & Acquisitions
Similar Companies
Exit Details
Acquired by Meituan (Apr 03, 2018)

Mobike's acquisition details

Mobike got acquired by Meituan on Apr 03, 2018 at an acquisition amount of $*****.
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:lockFilter this list
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
-
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Mobike's founders and board of directors

Founder? Claim Profile
The founders of Mobike is Weiwei Hu. Weiwei Hu is the CEO of Mobike.
Here are the details of Mobike's key team members:

Mobike's employee count trend

Mobike has 450 employees as of Aug 26. Here is Mobike's employee count trend over the years:
Employee count trend for Mobike
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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:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for nextbike
nextbike
2004, Leipzig (Germany), Acquired
Operator of bike-sharing programs providing bicycles, e-bikes, and cargo bikes
-
67/100
2nd
Logo for Pony
Pony
2017, Oxford (United Kingdom), Series A
App-based bicycle rental service
$9.06M
58/100
3rd
Logo for Beryl
Beryl
2014, London (United Kingdom), Series A
Operator of app-based scheme for shared use of bikes and scooters
$5.93M
54/100
4th
Logo for Mobike
Mobike
2015, Beijing (China), Acquired
App-based rental platform offering bicycles
$925M
53/100
5th
Logo for CDMX
CDMX
1997, Mexico City (Mexico), Funding Raised
Self-help city bicycle rentals
-
51/100
6th
Logo for RideMovi
RideMovi
2017, Milan (Italy), Series A
App-based platform offering e-bicycle rental services
-
51/100
7th
Logo for Capital Bikeshare
Capital Bikeshare
2010, Washington, DC (United States), Unfunded
Bike sharing service for easy, affordable, and fun metro DC exploration
-
-
49/100
8th
Logo for Loco
Loco
2017, Hong Kong (China), Unfunded
App-based bicycle rental platform
-
-
48/100
9th
Logo for Chari Chari
Chari Chari
2019, Chiyoda City (Japan), Series A
App-based platform offering bicycle rental services
-
47/100
10th
Logo for Ofo
Ofo
2014, Beijing (China), Deadpooled
Free-float bicycle rental platform
$1.87B
46/100
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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

lockFilter this list
•
Meituan put under probe for Mobike acquisitionChina Daily•Aug 31, 2021•Meituan, Mobike
•
Mobike said goodbye, sharing bicycles endedPEdaily•Dec 15, 2020•Mobike
•
LTA greenlights SG Bike and Mobike dealSingapore Business Review•Sep 13, 2019•SG Bike, Mobike
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