Overview

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Total Equity Funding
$1.29B in 8 Rounds from 21 Investors
Most Recent Funding
$700M Series E on July 5, 2017
Headquarters:
Haidian, Beijing
Description:
ofo is the world’s leading “station-free” bike-sharing platform operated via an online mobile application.
Founders:
, , , ,
Categories:
Public Transportation, Ride Sharing, Transportation, Cycling
Website:
https://www.ofo.com/
Social:

Company Details

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Founded:
April, 2014
Contact:
| +01053732027
Employees:
5 in Crunchbase

Founded in 2014, ofo is the world’s leading “station-free” bike-sharing platform operated via an online mobile application. Our mission is to solve the "last mile" problem of urban transportation, helping commuters and travelers get to exactly where they need to go by making bikes accessible to everyone. As of today, we have successfully connected more than 8 million bikes in more than 170 cities in over seven countries. Our global community of users generates more than 25 million daily transactions.

The ofo platform is easy to use. After downloading the ofo mobile phone app (iOS/Android), users may scan the QR code or enter the plate number displayed on each bike to receive a passcode and unlock it. Our bike-sharing system requires no docking stations, providing significant flexibility for users to find and return bikes anywhere, anytime. Once they reach their destination, the user may park the bike anywhere that is legitimate, convenient, and easy for the next user to access.

But ofo does more than help commuters and travelers access bikes for getting around their cities. As a partner of the UN Development Programme, we are focused on achieving Global Sustainability Goals and promoting green and healthy living, and we have also launched a partnership with Rihanna's Clara Lionel Foundation to provide bikes and scholarships for schoolgirls in Malawi.

Funding Rounds (8) - $1.29B

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DateAmount / RoundValuationLead InvestorInvestors
Jul, 2017$700M / Series E5
Apr, 2017undisclosed amount / Undisclosed1
Mar, 2017$450M / Series D8
Oct, 2016$130M / Series C9
Sep, 2016undisclosed amount / Series B3
Apr, 2016¥10M / Series A2
Feb, 2016¥15M / Series A2
Dec, 2015¥9M / Seed2

Current Team (5)

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Offices/Locations (1)

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  • Headquarter

    Beijing Liyuan Street on the 1st Legislative Court Building

    Haidian, Beijing 2-1027

    China

Past Event Appearances (1)

Images (1)

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