Obike funding



In a press release, the startup says that investors include a “leading global transportation  16 Aug 2017 In July. 55 million in early-stage venture funding boosting its war chest to go up against its main rivals here China companies ofo and Mobike which recently secured hundreds of millions in funding. In a press release, the startup says that investors include a “leading global transportation  Aug 16, 2017 SINGAPORE Homegrown bike-sharing firm oBike has secured US45 million S61. The bike-sharing economy seems rather sustainable at present, with government support in terms of funding and regulation, upcoming infrastructural support by way of specialized cycling  16 Aug 2017 Singapore-based bike-sharing startup oBike has secured US$45 million in Series B investment from a slew of investors investors, including a leading unnamed global transportation platform. Mr Ee, however, declined to say how much funding oBike has raised, but pointed out that the firm's expansion last month  Aug 16, 2017 Singapore-based bike-sharing startup oBike has secured US$45 million in Series B investment from a slew of investors investors, including a leading unnamed global transportation platform. The company claimed that investors include an undisclosed "leading global transportation platform", Grishin Robotics, a venture capital firm founded by Dmitry Grishin, who is the  21 Jul 2017 Startups News - RECENTLY the three-way bike-sharing war in Singapore notched up a gear as ofo raised US$700 million in Series E funding, Mobike unveiled new bicycles and oBike declared that it has local advantage. Many European municipalities are starting to focus on  11 Oct 2017 Price-wise, as long as there is an underlying demand, the price can always be adjusted according to market rates. 5 million) in fresh funds. . Grishin Robotics, a VC fund owned by Dmitry Grishin (Co-founder and chairman of Russia's Mail. Apr 17, 2017 CEO Dai Wei, a 26-year-old entrepreneur who named his firm Ofo as the letters look like a bike, revealed that figure in a conversation with CNBC. It allows commuters to travel during one-way first- and last- mile commuting – via bicycles located all over the island. Aug 7, 2017 At present, there are an estimated ten million shared bikes on the streets in China , and major Chinese bike sharing companies, including Ofo and Mobike, have received large amounts of venture capital funding. 18 Aug 2017 oBike has secured US$45 million in series B funding, with investors including venture capital firm Grishin Robotics. 5 and 1 yuan  17 Aug 2017 oBike's funding comes at a time of intensifying competition among bike-sharing operators here. Mobike has even raised funds from Temasek Holdings-owned Vertex Ventures. Total Funding. After paying a small deposit through WeChat or Alipay, two Chinese online payment services, 30 minutes on a bike will cost between 0. The dockless ofo system uses a smartphone app to unlock bicycles, charging an hourly rate for use. They have raised $45M in funding. 17 Aug 2017 OBIKE, Singapore's homegrown station-less smart bike-sharing company, announced on Aug 17 that is has secured US$45 million (RM193. 27 million) Series B round of funding. 30 Aug 2017 When the station-less smart bike-sharing company oBike launched in Singapore in January this year, it pressed on the expansion pedal like there was no tomorrow. Ru Group) and . Its investors include a leading global transportation platform; Grishin Robotics, a venture capital firm  16 Aug 2017 SHAGNGHAI, Aug. For dockless bike sharing to work stateside, he believes operators need strong relationships with local governments. oBike, a bike-sharing company based out of Singapore, recently announced a whopping $45 million Series B round. This is the first  Oct 3, 2017 Mobike and Ofo investors are in early talks to push China's two largest bike- sharing startups into a merger, aimed at ending a costly competitive battle and creating a In June, Tencent, Sequoia Capital, TPG and Hillhouse backed a $600 million funding round for Mobike and its fleet of orange bicycles. 16 Aug 2017 Grishin Robotics is a $100 million venture fund specialising in smart hardware, robotics and the Internet of Things (IoT). 21 Aug 2017 Specially built bikes allow users to rent a bike for $1 to $2 an hour using a mobile app, and then leave it anywhere. 17, 2017 /PRNewswire/ -- oBike, Singapore's first homegrown station-less smart bike-sharing company, announced today its securing of a US$45 million Series B round of funding. Singapore-based Grab invested in. BY Ezra Ferraz - 23 Aug 2017. In just several months, it has launched in 10 countries and regions, and most recently raised US$45m in its Series B round of funding as it  May 29, 2017 The bike-sharing sector has attracted big money from investors, with Mobike and ofo raising more than $400 million and $620 million respectively in their latest rounds of fund raising. It now serves Singapore, China, the US and UK, and has snagged nearly US$1. 55 million in early-stage venture funding boosting its war chest to go up against its main rivals here China companies ofo and Mobike which recently secured hundreds of millions in funding. Learn More  Aug 30, 2017 When the station-less smart bike-sharing company oBike launched in Singapore in January this year, it pressed on the expansion pedal like there was no tomorrow. Jul 5, 2017 Ofo, one of China's two billion-dollar-valued bike-sharing companies, has announced that it raised a $700 million Series E funding round led by e- commerce giant Alibaba, Hony Capital and CITIC Private Equity. Now industry observers are asking just how many bicycles the continent can support. Ofo raised over US$700 million in Series E funding led by Alibaba Group, Hony Capital, and CITIC Private Equity, bringing its total funding raised to date to over US$1 billion. It operates over 10 million yellow-colored bicycles in 250 cities and 20 countries, As of 2017. The money wou. Its investors include a global transportation platform; Grishin Robotics, a venture capital firm founded by Dmitry Grishin, who is  27 Sep 2017 Grab, Uber's main rival in Southeast Asia, has made a move into dock-less bikes after the company quietly backed oBike. oBike. oBike provides a convenient and environmentally-friendly commute option for all. Such a valuation isn't too shabby for a company that  Jul 7, 2017 Ofo said that by end-2017, it plans to deploy a total of 20 million bikes to the bike- sharing ecosystem and grow its service to 200 cities in 20 countries. Stationless Bike Sharing. The investment into oBike gels with its investment thesis, which forecasts that the IoT market will grow to a capitalisation of $1  16 Aug 2017 oBike's funding has come from investors including Grishin Robotics, Undisclosed Investors among others. Already, reputable investors such as Alibaba, Softbank, Tencent, and Didi have clamored to  Jun 21, 2017 The Chinese company did not put GPS chips on its bikes and presumes they have been lost or stolen. In June, Mobike, another bike-sharing giant raised over US $600 million in a Series E round led by long-time backer Tencent. Two of the country's largest bike-sharing players — Mobike and ofo — have established operations here. It was founded by Russian entrepreneur Dmitry Grishin. As of 2017, the company is valued at $3 billion and has over  oBike is Singapore's first homegrown station-less smart bike-sharing company which uses technology to change how transportation is viewed locally. The move attests to how well the platform has done in Singapore as well as the potential of the sharing economy in Southeast Asia as a  16 Aug 2017 SINGAPORE Homegrown bike-sharing firm oBike has secured US45 million S61. Grishin Robotics, a VC fund owned by Dmitry Grishin (Co-founder and chairman of Russia's Mail. 16 Sep 2017 First overseas player to intensify competition in city's bike-sharing market. Last month, ofo said it had raised more than US$700 million in Series E funding; Mobike has said it will introduce a fleet of bikes designed for Singapore's roads. This provides a convenient and environmentally- friendly  Aug 16, 2017 Obike, a bike-sharing startup born in Singapore, secured a massive US$45 million in its latest fund raise. The investment into oBike gels with its investment thesis, which forecasts that the IoT market will grow to a capitalisation of $1  Aug 16, 2017 In July. With the latest round of funding, the company hopes to expand globally to “empower commuters with flexibility and convenience”, according to Edward Chen, CMO and co-founder of oBike. That makes it one of the largest series B rounds on record in Southeast Asia, according to Tech in Asia data. In a press release, the homegrown company said its series B funding round investors include Grishin Robotics, a venture capital firm founded by Dmitry Grishin who is  17 Aug 2017 SHAGNGHAI, Aug. 3 billion in funding since its 2014 founding. PHOTO CREDIT: Getty Images. Mr Ee, however, declined to say how much funding oBike has raised, but pointed out that the firm's expansion last month  28 Feb 2017 Bullish venture capitalists funded rapid expansion, ensuring companies have plenty of cash to buy bikes and put them on the streets. Ru Group) and  16 Oct 2017 Jeff Jordan, a partner at Andreessen Horowitz who led LimeBike's March funding, was inspired by the rapid growth of Mobike and Ofo. As of 2017, the company is valued at $3 billion and has over  29 May 2017 The bike-sharing sector has attracted big money from investors, with Mobike and ofo raising more than $400 million and $620 million respectively in their latest rounds of fund raising. ofo is a Beijing-based bicycle sharing company founded in 2014. Check out oBike's profile for competitors, acquisition history, news and more. This provides a convenient and environmentally-friendly  16 Aug 2017 Obike, a bike-sharing startup born in Singapore, secured a massive US$45 million in its latest fund raise. Sep 27, 2017 Grab, Uber's main rival in Southeast Asia, has made a move into dock-less bikes after the company quietly backed oBike. 16 Aug 2017 SINGAPORE: Bike-sharing service provider oBike said on Wednesday (Aug 16) it had raised US$45 million (S$61. In just several months, it has launched in 10 countries and regions, and most recently raised US$45m in its Series B round of funding as it  technology, that changes how transportation is viewed locally. Technically the dockless companies can enter a  oBike is located in --, Singapore, , SG -- and Edward Chen is the current CEO. The move attests to how well the platform has done in Singapore as well as the potential of the sharing economy in Southeast Asia as a   Aug 16, 2017 Grishin Robotics is a $100 million venture fund specialising in smart hardware, robotics and the Internet of Things (IoT). It's about double the last reports of the company's value — which came out less than two months ago. 16 Aug 2017 Singaporean bike-sharing platform oBike, which just launched early this year, has closed US$45M in its Series B round funding. You can see oBike's entire investor history and funding raised here. We are administering $900,000 over three years to bike share operators and community organizations working to build equitable and replicable systems. oBike is a station-less bike sharing platform which give you freedom to pick up oBike anywhere and GO! It is now available in Singapore! Our bikes are available 24 hours a day and 365 days a year. The Company aims to achieve energy savings and reduce CO2 emission globally, by offering efficient and sustainable means of transport for the public masses. oBike is Singapore's first homegrown station-less smart bike-sharing company which uses technology to change how transportation is viewed locally. Prices are dirt-cheap. Its investors include a leading global transportation platform; Grishin Robotics, a venture capital firm  Now you can Ride oBike and Stay Healthy! Pick up any oBike and enjoy your oBike Ride with your family, friends. Existing backers , including ride-sharing firm Didi and DST Global, also took part. Despite large amounts of venture capital poured into these companies, the sector  20 Aug 2017 Where European and North American bike-sharing systems often receive public funding, the Chinese programs are purely commercial, funded by venture capital. Asked about its plans for  Grants · Grants. Meanwhile, Negobot, a negotiation chatbot  Information on the funding, investors, growth and similar companies to oBike. In June, Mobike, another bike-sharing giant raised over US$600 million in a Series E round led by long-time backer Tencent