Ofo develops an urban bicycle sharing platform operated via an online mobile application. The Company makes use of a "non-docking" platform to revolutionize bike sharing and help solve urban traffic. Users, having the Ofo app, will be able to receive a passcode which corresponds to the lock of the bike they'll be using. Ofo is created for sharing and aims at unlocking every corner of the world by making bikes accessible to everyone.
Type
Private
HQ
Haidian, CN
Founded
2014
Size (employees)
706 (est)+7%
Website
ofo.so
Ofo was founded in 2014 and is headquartered in Haidian, CN
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Key People/Management at Ofo

Yu Xin

Yu Xin

Co-founder
Dai Wei

Dai Wei

Co-founder
Yang Pinjie

Yang Pinjie

Co-founder
Zhang Siding

Zhang Siding

Co-founder
Xue Dong

Xue Dong

Co-founder

Ofo Office Locations

Ofo has offices in Norwich, Seattle, Cambridge, Prague and in 2 other locations
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Ofo Financials and Metrics

Summary Metrics

Ofo's latest funding round in March 2018 was reported to be $866 m. In total, Ofo has raised $2.1 b. Ofo's latest valuation is reported to be $1 b.
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Ofo Financials

Market valuation

1 b
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Ofo Operating Metrics

Ofo's Registered Users was reported to be 200 m in Mar, 2018.
Feb, 2017Apr, 2017Jul, 2017Aug, 2017Mar, 2018

Registered Users

20 m100 m200 m

Bikes

6.50 m8 m

Daily Rides

10 m

Rides

100 m
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Ofo News and Updates

This major US city just took a big step to curb bike litter

Chicago is the first major American city to take a strong stance on keeping its sidewalks open and accessible instead of littered with discarded bicycles. The city begins a six-month pilot program next week in an aim to keep litter from bicycle-share programs off city streets. Any service renting …

Beijing-based Ofo wants to launch its stationless bike-sharing service in SF, but it’s not allowed to

 Beijing-based stationless bike-sharing startup Ofo is crying foul at the San Francisco Municipal Transportation Agency over its decision to have an exclusive pilot program with startup JUMP. Earlier this month, JUMP obtained an exclusive permit with the SFMTA  to launch 250 dockless, electric bikes…

Bike-sharing startup Ofo has raised $1bn

Bike-sharing company Ofo has raised $1bn from investors, including Chinese ecommerce business Alibaba, according to a report by the Financial Times. It had previously been reported that the startup was in talks to raise the money led by Japan's SoftBank. Other names which have been mentioned as p…

Bike share startup Ofo's more than doubling its cycles on London roads

Ofo, one of several startups that's a part of a recent boom in bike sharing in London, is more than doubling the number of cycles it has on the capital's roads. The bikes, which differ from the city's Boris bikes by being dockless, will roll out to new boroughs after an initial trial in Hackney. …

Chinese cities are saying “enough already” to bike-sharing services run rampant

Signs are emerging that China’s bike-sharing boom could be hitting road bumps. For over a year, China’s city streets have been flooded with bicycles as…

Ofo comes to the US, joining the bike-share fray in Seattle

 Seattle seems like an unlikely venue for a duel between bike-sharing companies: it’s rainy, hilly, its residents can’t drive and another bike-share program recently went belly-up publicly and ignominiously. But Ofo, one of several Chinese giants in the space, is the third company to launch in the c…
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