[ 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.
|Founder / CEO||Davis Wang|
|Hillhouse Capital Group|
|Farallon Capital Management|
|TPG (formerly Texas Pacific Group)|
|Previous Investors||Hillhouse Capital Group|
|Foxconn Technology Group|
|Bertelsmann Asia Investment Fund|
|Panda Venture Capital|
|Qiming Venture Partners|