About Mobike
Mobike is a Transportation, Automotive & Logistics company based in Beijing (China) founded in 2015 by Weiwei Hu, Davis Wang, and Yiping Xia, and was acquired by Meituan in April 2018. It operates as an app-based rental platform offering bicycles. Mobike has raised $925 million across 9 funding rounds from investors including Meituan, Tencent and Foxconn Electronics. The company has 450 employees. Mobike was last valued at $3 billion in June 2017. Its chief executive is Weiwei Hu. Its focus areas include Consumer, Road Transport Tech, Self Drive Rentals and Bicycles. Its competitors include Beryl, Zoov, nextbike, HumanForest and JUMP Bikes and 3 more; 6 of its 8 listed competitors have raised funding.
Company details
Mobike was founded in 2015 in Beijing, China, within the bike-sharing sector. An app-based platform is operated, allowing users to locate nearby bicycles on a map, unlock them through the mobile application, and ride with GPS tracking. Charges are applied based on distance traveled. Bicycles are then parked at designated public spots, with trip details displayed in the app upon locking.
- Headquarters Beijing, China
- Employees 450
- Founders Weiwei Hu, Davis Wang, Yiping Xia
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website mobike.com
- Social LinkedIn X
- Acquired by Meituan (Apr 2018)
Funding Insights of Mobike
Mobike has successfully raised a total of $925M across 9 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $925M
- Total Rounds 9
- Investors Count 33
All 9 funding rounds of Mobike with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2017 | – | Series E | – | LINE | – |
| Nov 2017 | – | Series E | – | Qualcomm Ventures | – |
| Jun 2017 | $600M | Series E | $3B | Tencent | |
| Feb 2017 | – | Series E | – | Temasek, Hillhouse | – |
| Jan 2017 | – | Series D | – | Foxconn Electronics | – |
| Jan 2017 | $215M | Series D | – | Tencent, Warburg Pincus | |
| Sep 2016 | $100M | Series C | – | Hillhouse, Warburg Pincus | |
| Aug 2016 | $10M | Series B | – | Panda Capital | |
| Oct 2015 | – | Series A | – | Joy Capital | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2017 | $3B | •••••••• |
Full valuation and stage history of Mobike
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Last known valuation $3B (Jun 2017). 33 investors in total: 33 institutional.
Investors in Mobike
Mobike has secured backing from 33 investors, including institutional and venture fund investors. Prominent investors backing the company include Meituan, Tencent and Foxconn Electronics.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investing in technology sectors such as AI and automotive. | 2000 | qualcommventures.com | San Diego, United States | |
Multiple investment strategies are pursued by this hedge fund. | 1986 | faralloncapital.com | San Francisco, United States | |
Fund of funds focused on pre-seed and seed-stage companies | 1992 | tpg.com | Fort Worth, United States | |
Global private equity investments are managed with long-term focus. | – | hillhouseinvestment.com | New York, United States | |
An investment platform is provided for diverse sectors and geographies. | 1974 | temasek.com.sg | Singapore, Singapore | |
Venture capital firm backed by Bertelsmann | – | baifund.com | Chaoyang, China | |
Panda Capital is engaged in venture capital investments for technology and innovation. | 2015 | pandavcfund.com | Shanghai, China | |
- | – | yungpark.com | - | |
Multi-stage private equity investments are pursued across diverse sectors. | 1966 | warburgpincus.com | New York, United States | |
Early-stage tech investments are targeted in China and the US. | – | sinovationventures.com | Beijing, China |
Investor details for Mobike
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People of Mobike
3 people are tracked at Mobike (3 in leadership); the tracked headcount is 450.
| Name | Role | Group |
|---|---|---|
Weiwei Hu | Co-Founder & CEO | Leadership |
Davis Wang | Co-Founder | Leadership |
Yiping Xia | Co-Founder | Leadership |
Complete people profiles for Mobike
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Timeline of Mobike
5 dated milestones of Mobike across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Mobike is founded.
- Funding First funding round.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Series E,.
- Exit Acquired by Meituan.
Competitors of Mobike
Mobike has 8 listed competitors in our database, 6 of them funded. They include Beryl, Zoov, nextbike, HumanForest and JUMP Bikes, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| beryl.cc | 2014 | London, United Kingdom | $5.68M | – | Online platform providing bicycle rental services | |
| zoov.eu | 2017 | Paris, France | $6.8M | – | On-demand e-bike sharing is facilitated through a mobile app platform. | |
| nextbike.net | 2004 | Leipzig, Germany | – | 460 | End-to-end solutions for bicycle sharing | |
| humanforest.co.uk | 2019 | London, United Kingdom | $44.51M | 6 | App-based rental platform offering e-bicycle | |
| jumpbikes.com | 2010 | Brooklyn, United States | $43M | – | Online platform offering electric bicycle sharing system | |
| citibikenyc.com | 2013 | New York, United States | – | 571 | Bicycles are rented via an app-based sharing system from stations. | |
| socialbicycles.com | 2010 | New York, United States | $3.6M | – | App-based dockless bicycle sharing is enabled for campuses and municipalities. | |
| getapony.com | 2017 | Oxford, United Kingdom | $9.06M | 1 | App-based bicycle rental service |
Detailed competitors of Mobike
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Mobike
The website of Mobike (mobike.com) receives about 1.5K visits a month.
- Monthly visits1.5K
▲ 522.2% vs previous month
Websites whose visitors overlap most with Mobike. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| mozilla.org | 100% | 25.6M | #2,342 | View details | |
| mobikwik.com | 87% | 1.2M | #43,687 | View details |
Top companies in Road Transport Tech
10 companies that operate in the same segment as Mobike (Road Transport Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore, Singapore | USD 10.38 B | USD 3.37 B | 57,733 | |
An online platform providing ride-hailing and food delivery services | 2009 | San Francisco, California, United States | USD 13.21 B | USD 52.02 B | 34,000 | |
Ride-hailing, electric vehicles, and financial solutions are provided via app. | 2010 | Bengaluru, Karnataka, India | USD 3.83 B | USD 278.63 M | 2,473 | |
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765 M | USD 244.66 M | 953 | |
Operator of a bike taxi aggregation service, offering intra-city travel and first-mile, last-mile connectivity solutions | 2015 | Bengaluru, Karnataka, India | USD 798.05 M | USD 19.11 M | 817 | |
Rides and deliveries are facilitated via a mobile app platform. | 2012 | Dubai, Dubai, United Arab Emirates | USD 771.7 M | – | 6,360 | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.4 B | – | 2,813 | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | – | – | |
Bus tickets are booked online via portal and mobile app. | 2006 | Bengaluru, Karnataka, India | USD 10 M | – | – | |
App-based ride-hailing aggregator | 2007 | San Francisco, California, United States | USD 5.02 B | USD 6.32 B | 3,913 |
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Related news about Mobike
Complete news archive for Mobike
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Frequently Asked Questions about Mobike
Mobike was founded in 2015.
Mobike is headquartered in Beijing, China. It is registered at Beijing, Beijing, China.
Weiwei Hu is the current CEO of Mobike. They have also founded this company.
Mobike is a funded company, having raised a total of $925M across 9 funding rounds to date.
Mobike has 450 employees.
Mobike was founded in 2015 in Beijing, China, within the bike-sharing sector. An app-based platform is operated, allowing users to locate nearby bicycles on a map, unlock them through the mobile application, and ride with GPS tracking. Charges are applied based on distance traveled. Bicycles are then parked at designated public spots, with trip details displayed in the app upon locking.
Mobike's top competitors include nextbike, HumanForest and Beryl.
Mobike has 33 investors. Key investors include Meituan, Tencent, Foxconn Electronics, Ctrip, and TPG.
The valuation of Mobike is $3B as of Jun 2017.
Yes. Mobike was acquired by Meituan in April 2018.