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Hello TransTech is a mobile bike-sharing and car-sharing platform. The mission of the company is "to improve travel experience by the use of science and technology". Another basic concept of the company is "low-carbon life, shared transportation". Hello TransTech provides convenient, environment-friendly shared transportation services for short, medium and long distances for its users. It strives to alleviate urban traffic pressure, reduce vehicle exhaust emissions, and provides sustainable logistic solutions for smart cities.
| Announcement Date | Funding Round | Funding Raised | Lead Investor(s) |
|---|---|---|---|
| Dec. 27, 2018 | Series F+ | 579.29M | Ant Financial, Primavera Capital Group\ |
| Jul. 23, 2018 | Series F | 1.00B | Ant Financial, FOSUN Group |
| Jun. 1, 2018 | Series E+ | 289.65M | Ant Financial |
| May. 24, 2018 | Strategic Investment | 1.00 | Youon Bike |
| Apr. 13, 2018 | Series E | 700.00M | Ant Financial, FOSUN Group |
| Dec. 27, 2017 | Series D+ | 144.82M | GGV Capital, FOSUN Group |
| Dec. 4, 2017 | Series D | 350.00M | Ant Financial, Forstar, WM Motor, Chengwei Capital, JOY GLOBAL, Gaorong Capital, Yiche |
| Oct. 25, 2017 | Acquisition | 1.00 | Youon Bike |
| Oct. 20, 2017 | Strategic Investment | 1.00 | SCGC, Changzhou High-tech Group Co., Jiangsu Jiuzhou Investment Group |
| Sep. 19, 2017 | Angel Round | 117.31M | SCGC, Changzhou Hetai, Shenzhen Yijiashun Electronics Co., others |
| Jun. 29, 2017 | Series B+ | 1.00 | WM Motor |
| Apr. 17, 2017 | Series B | 1.00 | Chengwei Capital, GGV Capital |
| Jan. 12, 2017 | Series A+ | 0.00 | Grains Valley Capital, GGV Capital |
| Nov. 4, 2016 | Series A | 1.00 | Grains Valley Capital, Bertelsmann Asia Investments, GGV Capital, JOY Capital |
With its promise of achieving a more sustainable urban transport system, as well as being better for citizens’ health, bike-sharing is not going away any time soon. Here we study a recent success story.
HelloBike, Ant Financial, and CATL reached a tie-up to jointly develop sharing electric bike options.
On June 27, Alibaba plans to invest hundreds of millions of dollars in Hello TransTech, the bike-sharing platform which includes ordinary bicycle, electric bike, electric motor car and hitchhiking(顺风车).
Alibaba-backed bicycle-sharing enterprise is facing regulatory barriers in Beijing.
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