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The latest financing for OFO bike sharing system $ 450 million

time2017/03/04


Feb 22, ofo bike announced in hand Huawei: to explore based on NB-IoT technology of new shared bike, simply, is to leto's unlock rate and positioning more accurate.

Feb 23 evening, 0 yuan cycling war to open: Moabai bike announced February 24 - 26 days 3 days free of charge; only half a day later, ofo announced that immediately until February 26 at 24 o'clock, the national small yellow Free ride ride

Feb25, ofo the first to start the "headstrong" Competition: According to the activities described in the user in the espo recharge from the "20 yuan, 50 yuan, 100 yuan" third gear, the best situation is equivalent to 5 cents 1 hour. February 28, Mount Bokai immediately launched recharge back, recharge third gear and ofo the same. The most favorable circumstances, riding a half-hour ride less than 0.24 yuan.

Feb 26, ofo in the Apple real-time update App Store download rankings ranked first: ofo "yellow car" in the free list of the list, travel both sides of the summit, won the "double champion", respectively, Total list and travel list No. 3, No. 2, byo left behind.

Feb 28, the motorbike announced a strategic partnership with China Merchants Bank: the two sides will cooperate in deposit supervision, payment settlement, finance, services and marketing.

Mar1 , sharing the bike platform ofo announced a single highest amount of financing; the completion of the completion of the D round 450 million US dollars (about 3.1 billion yuan) financing, higher than the previous round of the first round of financing $ 300 million. And the financing by the DST leader, head "has invested in Facebook, Airbnb and a series of internationally renowned Internet company," the aura, naturally with far-reaching capital level significance.

as bike sharing sysetm in China,Speed is a key factor


At this time the hands of the war, has long been through the product competition, supply chain competition, foreign cooperation model Competition stage, and now each have completed the D round after financing into the "time of the dispute", who will be in the shortest possible time, Comprehensive use of burns, marketing, marketing, strategic cooperation and other means to complete the most extensive urban coverage, the largest number of users accumulated, and maintain a higher degree of user activity, in short, who became the first entry who Will become the real darling of capital and the market. Time struggle, perhaps the outcome of the dispute.
From the current number of users to see, ofo great lead. Feb26, Apple real-time update App Store download list, ofo "small yellow car" in the free list of the list, travel both sides of the summit, won the "double champion", respectively, to get the total list and travel list 3rd, 2nd, left by ofo. Look at the Android platform, because the use of lower threshold, ofo download will be significantly higher than the worship of worship. Here Mo Bai cycle and appeared on the embarrassment of capital.
From the number of incoming cities, it is clear that ofo is faster. Behind the speed is the low cost of control and supply chain flexibility. January 11, ofo announced the launch of the 2017 city strategy, before the Spring Festival announced the presence of more than 33 cities, basically covering the national front line and the vast majority of the provincial capital city, and the first to open the "overseas service", stationed in London and Silicon Valley The Until February 23, according to media reports, Matthew entered the 23 cities. Recently Mar1 of the founder of Dai Wei in an interview with the media, said the end of this year target coverage to 200 cities, penetrate into the 4-tier cities.

Maybe Decisive in July

The strategy of the "low cost and quick start-up scale" strategy is easier to play, and the "re-investment" , High cost "of the worship will face the embarrassment of capital.

Who can quickly become the first entrance and return to the commercial nature of "profit" will become the ultimate test of the worship and the team of the most. The problem is that the problem is heavy cost, heavy operation, slow delivery, slow slow burns serious, and the largest rival of the warriors, in the light cost advantage has launched the national Great Leap Forward, Matthew is difficult to go and ofo to face competition The
Ofo sharing  co-founder Dai Weigang in a media interview secretly revealed that the current share of the cycling market competition is just warm-up match, "the race should be in July this year," when asked why is July, Dave laugh The Look forward to more intense cycling war, the industry's benign competition is conducive to the early realization of people anytime, anywhere car ride desire.