Gonbike

About Gonbike

Based in Shanghai, China, Gonbike operates within the micro-mobility sector, offering a bike-sharing service engineered to address the last-mile transportation challenge. Founded in 2016, the company provides bicycles that can be located and accessed via a proprietary mobile application, facilitating improved urban mobility for its users. The business functions as a B2C service provider, generating revenue through user fees based on ride duration.

Gonbike's service is built upon a fleet of bicycles equipped with several technological features. These include an invisible belt smart lock and an LCD screen that displays speed, battery level, and remaining range. The integration of IoT technology into its system is a key operational component, designed to ensure durability and streamline the process for users to find available bikes. The company also focuses on providing an intelligent parking system, which assists both users and local operators in identifying appropriate parking locations.

The company's financial history includes an early-stage venture capital funding round on January 5, 2018, which raised $15.2 million with participation from investors such as Qianchuan Capital. Another early-stage VC deal occurred on January 1, 2020, with Micromobility.com. Gonbike is a privately held, venture capital-backed company currently in a revenue-generating stage.