[ Mobike raises $600M in Series E ]

Mobike has raised $600 million in Series E funding.

Founded in 2015, Mobike is the world’s first station-less bike share service: pick up a bike and return it to any public bicycle parking. It solves the last mile problem and incarnates a revolutionary lifestyle. It’s also a much healthier means of transportation that reduces congestion & pollution, and helps improve urban design through data.

The company will use the new financing to expand its bikes on-demand service worldwide.

Funding  Series E
Founded  2015
Country  China
City  Shangai
Founder / CEO  Davis Wang
Deal Size  $600M
Investors  ICBC International
 Sequoia Capital
 Hillhouse Capital Group
 Farallon Capital Management
 BOCOM International
 TPG (formerly Texas Pacific Group)
 Tencent Holdings
Previous Investors  Hillhouse Capital Group
 Foxconn Technology Group
 Sequoia Capital
 Bertelsmann Asia Investment Fund
 Vertex Ventures
 Sinovation Ventures
 Temasek Holdings
 Panda Capital
 Panda Venture Capital
 Tencent Holdings
 Joy Capital
 Warburg Pincus
 Qiming Venture Partners
 MSA