Shanghai Junzheng Network Technology Co., Ltd

Shanghai Junzheng Network Technology Co. , Ltd, operating under the brand HelloBike, specializes in shared mobility solutions, offering bike and e-scooter rentals to enhance urban commuting experiences in major cities across China and beyond. Founded in 2016 and headquartered in Shanghai, China, Shanghai Junzheng Network Technology Co. , Ltd focuses on shared mobility services.

The company has completed four funding deals, with the most recent being a Series B round on July 3, 2017, where they raised an undisclosed amount from WM Motor Technology Co. , Ltd. The company's CEO is 杨磊 杨, who has a background in the technology and mobility sectors. HelloBike specializes in providing shared mobility solutions, primarily through its bike-sharing and e-scooter services.

Their offerings include a mobile application for real-time bike and scooter rentals, aimed at reducing traffic congestion and promoting environmentally friendly transport. The service caters to a wide audience, including commuters and tourists, and operates in various cities across Asia and Europe. In the most recent fiscal year, HelloBike reported a revenue of USD 876. 44 mn and an EBITDA of USD 1,401.

21 mn, primarily generated through a pay-per-ride model and subscription plans for frequent users. HelloBike plans to enhance its service offerings with new products aimed at improving user experience and convenience. The company is also targeting expansion into additional international markets, particularly in Europe and Southeast Asia, by the end of 2023. Recent funding from the Series B round will be utilized to support these growth initiatives, including technology enhancements and fleet expansions to meet increasing demand for sustainable transportation solutions.