[ Ofo raises $700M in Series E ]
Ofo has raised $700 million in Series E funding.
Founded in 2014, Ofo operates as a web and mobile based bicycle sharing platform that allows users to search, book and pay for bicycle rides.
Going forward, the company said it plans to grow its fleet to over 20 million bikes. It recently expanded overseas into the UK, having already added the U.S. and Singapore, and it plans to grow to cover 200 cities before the end of 2017.
|Founder / CEO||Dai Wei|
|Previous Investors||Ant Financial|
|CITIC Heavy Industries|
|Beijing Hualian Group|