ofo

China
Henggang, Guangdong, China

Company profile

ofo company profile

Ofo is a “station-free” bike-sharing platform operated via an online mobile application. It is committed to providing the best short distance transportation solution, solving the “last mile” transportation problem by turning the last mile into a green, low-emission trip. To date, ofo has connected more than 10 million bikes to over 200 million users in more than 20 countries: Australia, Austria, China, Czech Republic, France, Germany, Hungary, India, Israel, Italy, Japan, Kazakhstan, Malaysia, Portugal, Russia, Singapore, Spain, Thailand, the Netherlands, the UK, and the US. The platform generates more than 32 million daily transactions and has provided global users in 250+ cities with over 6 billion efficient, convenient, green rides. 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. Its 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, they are focused on achieving Global Sustainability Goals and promoting green and healthy living, and they have also launched a partnership with Rihanna's Clara Lionel Foundation to provide bikes and scholarships for schoolgirls in Malawi.

Business identity

Contact email
[email protected]
Phone number
4000 507 507
Operating status
Active
Company type
For Profit
Employee range
1,001-5,000 employees
Revenue range
$10M-$100M
Founded
2014-04-01, Month

Headquarters

Country code
CN
Continent
Asia

Capital profile

Funding and company signals

Funding stage
Late Stage Venture
Funding rounds
9
Total equity funding
$2.2B
Last funding
Series F / $866M / 2018-03-13
Last equity funding
Series F / $866M
Investors
23
Lead investors
12
Founders
6
Articles
73

Founders and investors

Founders

Wei DaiXue DingYang PinjieYu XinZhang SidingZhang Yanqi

Lead investors

Alibaba GroupAnt GroupCoatueCPEDST GlobalGSR VenturesHongdao CapitalHony CapitalMatrix Partners ChinaShunwei Capital

Investors

AtomicoCoatueMatrix Partners ChinaXiaomiZhenFund