Mobibike Charges Users 15cents Per Hour To Ride Height


They say that your imagination is the key to success and it can do amazing stuff when you come to it. Nowadays in the world of technology and innovation people are adapting to getting lazy and automating their daily tasks and only focusing on technology forgetting the factor of physical exercise, but one startup changed it all in the city of Shanghai China.

David Wang was the General Manager Of Uber In Shanghai and was going quite well back in 2015 but he was fed up with the idea of cars everywhere, so he came up with his own “bike version of uber”

In the past 2 years, his idea of providing clean and healthy transport raised over $200 million and enabled him to give 10Million bikes to his company known as “MobiBike”

his companies bikes have a smart pedal powered GPS system, a smart lock and a timer which works with the app of MobiBike to provide users to ride bikes at 15Cents per hour and can leave the bikes anywhere once they are done riding.

David was very sure that the people of Shanghai will love his idea so he started building his own low-cost and high-quality bikes starting from April 2016, and his idea boomed so much that he got over $10 Million from Panda Capital and within a month he got another $100 Million from VCS

By The End Of 2016 General Manager Of MobiBike said:

We just announced passing the 100,000th bike in Shanghai earlier this month. We are currently operating in nine cities: Shanghai, Beijing, Guangzhou, Shenzhen, Chengdu, Ningbo, Xiamen, Foshan and Wuhan.”

mobiBike has made Shanghai The No. 1 Bike sharing City in the world. Currently, there are more than 10 Million bikes on the roads of china and have around 1.5 Million users who are taking an average of 500,000 bike rides every day making sure the air of china is pollution free.

Currently the Company is Operating in Shanghai, Beijing, Guangzhou, Shenzhen, Chengdu, Ningbo, Xiamen, Foshan and Wuhan

In his contract announcement with Foxconn David said that:

“In 2017, we aim to enable residents in a hundred cities in China and internationally to enjoy our unique and convenient solution. That solution is the bicycle, invented in 1817 (and celebrating its 200th birthday this year), with some high tech upgrades.”


Like it? Share with your friends!

Sufyan Khan


Your email address will not be published. Required fields are marked *