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Mobike

Updated: 01/2019

Updated: 01/2019

Mobike

China / Beijing , China

Series E 06/2017

Unicorn

Pitch

Foxconn- and Tencent-backed Mobike is leading the fierce fight for dominance in the global dockless bike-sharing market, with ambitions for more – including logistics services.

Why

Alleviate public transport pressure

Rapidly growing urban populations are putting public transport systems under pressure in cities worldwide.

Environmental concerns

As environmental concerns mount, people are looking for more sustainable transport alternatives to cars.

Troublesome to return bikes

Earlier bike-sharing services require users to return to stations, causing inconvenience and high administrative costs.

Market

49.65 million

Forecast number of bike-sharing users in China in 2017, doubling by 2019. Globally, bike-sharing is expected to generate revenue of US$5.8 billion by 2020 (20% yearly growth).

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