oBike secures $45 million Series B funding
oBike, which claims to be Singapore's first homegrown station-less smart bike-sharing company, announced its securing of a $45 million Series B round of funding. Its investors include a leading global transportation platform; Grishin Robotics, a venture capital firm founded by Dmitry Grishin, who is the Co-founder and Chairman of Mail.Ru Group; as well as several family offices in Southeast Asia.
Since its launch in Singapore in January this year, oBike says it has expanded its operations to more than 10 countries and regions such as Australia, Germany, Malaysia, Netherlands, Taiwan, Thailand, and The UK. With the latest round of funding, oBike will now focus more on the global market.
"oBike was founded with the vision of transforming how people in urban Singapore travel using technology. Users can now travel conveniently—especially for first- and last- mile commuting—via bicycles located all over the island," said Mr. Edward Chen, Chief Marketing Officer and Co-Founder of oBike. "This vision has been realized and we aim to bring our success story in Singapore to other parts of the world with this round of funding. We hope to empower commuters globally with flexibility, convenience while helping them reduce their carbon footprint at the same time."
The oBike App is currently available on the App Store and Google Play.