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Ofo
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Provider of an urban bicycle sharing platform

Founded in 2014
Founded in

Company type Private Public ()
Company type

Industry Group transportation & logistics

Sector micromobility

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters China Beijing, China
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Updated by Cleantech Group on 12/02/2022

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Date Partner Type
08/10/2017
SoftBank SoftBank
Chinese bike sharing company ofo and Japan's SoftBank Commerce & Services Corp. have reached a basic agreement to collaborate on the deployment of ofo's global bike sharing business in Japan. With the partnership, ofo will launch bike sharing services in Tokyo and Osaka in September.
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Confirmed by SoftBank
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Date Investors Type Amount
03/13/2018 Alibaba Alibaba , Haofeng Group Haofeng Group , Ant Financial Ant Financial , Junli Capital Junli Capital (4)
Post-money valuation of
Funding round which comes amidst rumours that ofo is strained financially after rapid global expansion. This round is a mixture of equity and debt financing.
 Growth Equity $866,000,000
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