The first bike rental unicorn, China’s ofo boasts a number of innovations that have cemented its status as a mobility innovator. Dockless biking is a convenience breakthrough in the bikeshare world—you don’t have to go out of your way to hop off, and the ability to share your own bike means rapid expansion and easy access. Recently receiving funding from Alibaba and interest from Didi Chuxing, ofo is set to do for bike sharing what Uber did for ride-sharing. Expanding to 200 Chinese and 10 international markets by the end of this year, the brand is poised for a larger global presence.
- Valuation: 1,000.00 $m
- Funding: 580.00 $m