OverviewSuggest Edit

Ofo develops an urban bicycle sharing platform operated via an online mobile application. The Company makes use of a "non-docking" platform to help solve urban traffic. Users, having the Ofo app, are able to receive a passcode that corresponds to the lock of the bike they are using. 
TypePrivate
Founded2014
HQBeijing, CN
Websiteofo.com

Latest Updates

Employees (est.) (May 2020)434(-6%)

Key People/Management at Ofo

Yu Xin

Yu Xin

Co-Founder
Dai Wei

Dai Wei

Co-Founder, CEO
Zhang Siding

Zhang Siding

Co-Founder
Yang Pinjie

Yang Pinjie

Co-Founder
Xue Dong

Xue Dong

Co-Founder
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Ofo Office Locations

Ofo has offices in Beijing, Norwich, Seattle, Sydney and in 9 other locations
Beijing, CN (HQ)
No.58 North 4th Ring West Road, Haidian District, 10th Floor
Norwich, US
Norwich, VT, USA
Seattle, US
Seattle, WA, USA
Show all (14)

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 $2.2 b. Ofo's latest valuation is reported to be $2 b.
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Ofo Revenue

Market valuation

2.0b
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Ofo Operating Metrics

Ofo's Registered Users was reported to be 250 m in Jun, 2018.
Jan, 2017Feb, 2017Apr, 2017Jul, 2017Aug, 2017Mar, 2018Jun, 2018

Registered Users

20 m100 m200 m250 m

Bikes

6.50 m8 m10 m15 m

Daily Rides

1.80 m10 m25 m32 m

Rides

100 m
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Ofo Online and Social Media Presence

Embed Graph

Ofo News and Updates

Chinese bike-sharing startup Ofo adds ecommerce features to app

The app immediately asks users to convert deposits to cash-back rewards, one user said.

Global $138.7 Bn Shared Mobility Market to 2023 Uber, DiDi Chuxing Technology, Lyft, Daimler, Grab Taxi, BlaBlaCar, ANI Technology, Zipcar, Ofo, and Mobiko Dominating

DUBLIN, April 12, 2019 /PRNewswire/ -- The "Shared Mobility Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering. The global shared mobility market is expected to reach an estimated $138.7 billion by 2023 with a CAGR of 15.2% ...

Crash Of China Bike-Sharing Startup Ofo Costs Leading VCs Big-Time

The crash of China's bike-sharing startup Ofo has cost leading China venture investors big-time.

Alibaba-backed Ofo pulls bikes out of London boroughs

Cycle-sharing platform Ofo has reportedly taken its bikes off the streets of London as the Chinese firm closed its international arm this week. Staff working for the company, which brought hundreds of its bikes to London in 2017, still have their jobs for now after the closure, a source told the …

China bike-sharing firm Ofo faces 'immense' cash crunch, CEO vows to battle on

Chinese bike-sharing startup Ofo, backed by Alibaba Group Holding Ltd , is battling "immense" cash flow problems and disbanding the firm has been considered as an option, its chief executive said in a letter to employees.

Bike-Share Pioneer Ofo Flirted With Bankruptcy as Cash Dried Up

Bike-Share Pioneer Ofo Flirted With Bankruptcy as Cash Dried Up
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Ofo Frequently Asked Questions

  • When was Ofo founded?

    Ofo was founded in 2014.

  • Who are Ofo key executives?

    Ofo's key executives are Yu Xin, Dai Wei and Zhang Siding.

  • How many employees does Ofo have?

    Ofo has 434 employees.

  • Who are Ofo competitors?

    Competitors of Ofo include Spin, Lime and Mobike.

  • Where is Ofo headquarters?

    Ofo headquarters is located at No.58 North 4th Ring West Road, Haidian District, 10th Floor, Beijing.

  • Where are Ofo offices?

    Ofo has offices in Beijing, Norwich, Seattle, Sydney and in 9 other locations.

  • How many offices does Ofo have?

    Ofo has 14 offices.