According to an announcement, SoftBank is preparing to invest in a China-based bike sharing startup. According to information shared by Reuters, SoftBank will make a significant investment in Hellobike. Let us add that the news shared by Reuters is based on sources close to the company.
According to shared information, SoftBank will not be alone in the investment tour, but will invest together with China-based private equity firm Primavera Capital and other companies. Hellobike startup is expected to collect a total of 400 million dollars in this investment round.
Hellobike’s spokesman, who did not comment on the investment tour, announced that Hellobike’s valuation has already exceeded 2 billion dollars. According to various research reports, the company is currently China’s third largest bicycle sharing company.
Over 200 million registered users
Hellobikebs biggest shareholder is Alibaba, one of the most important brands in China and the whole world. The bike sharing market is very large, especially in China. Mobike, one of China’s most important cycling sharing startups, was purchased by Meituan Dianping for 2.7 billion dollars last April.
Founded in 2016, Hellobike currently has more than 200 million registered users. Serving more than 300 cities in total, the startup entered the automobile sharing market last September. We will continue to share the details of the Hellobike investment.