| Hellobike | |
| Native Name: | 哈啰出行 |
| Native Name Lang: | zh |
| Type: | Privately-held company |
| Industry: | Bike-sharing |
| Hq Location City: | Shanghai |
| Hq Location Country: | China |
Hellobike is a transportation service platform based in Shanghai, China. Founded in 2016, the company merged with Youon Bike the following year.[1]
Hellobike first focused on building market share for its bicycle-sharing service in China's second- and third-tier cities, before shifting its focus to China's largest urban regions.[2]
In recent years, Hellobike has expanded aggressively in the areas of electric scooter and electric bike transportation. In 2019, Hellobike and Contemporary Amperex Technology Co Ltd announced a US$145 million electric battery joint venture.[3] This operation aims to develop a network of stations that would enable riders to pick up fully-charged batteries.
In a series of fundraising rounds dating back to 2016, Hellobike has raised over US$1.8 billion from investors. Ant Group, the company's largest single investor, holds an estimated 36 percent share in Hellobike.[4]
In the highly-competitive Chinese bike sharing market, Hellobike's primary rival is Mobike.[5]