/BeeFly copies Mobike’s success with escooter rentals and secures USD 3 M, & more

BeeFly copies Mobike’s success with escooter rentals and secures USD 3 M, & more

Escooter rental app BeeFly receives USD 3 M in financing

BeeFly

Founded in: 2016

Financing status: RMB 20 million (USD 3 million) financing in 2017

BeeFly is an escooter rental startup that meets long distance travel needs from 3 to 10 kilometers with its rental services. Founded in 2016 in Beijing, the startup has already placed 200,000 escooters in Beijing and Shanghai. It is expected to put millions of escooters in China’s first and second tier cities by the end of 2018.

Users can rent BeeFly’s escooters on its app with a RMB 288 deposit, and then use it to unlock escooters, set parking reservations, finish payments, and finally leave it at a good place so that it can be found by other users just like shared bikes. BeeFly’s escooters can last 100 km with a full charge, and has a maximum speed up to 30 km/h.

This funding was from Keda Group, and the capital will be used to extend the escooters’ battery life and ensure the security of its escooters.

Shared parking platform Uchewei receives USD 1.7 M in Series A round

Photo from 58pic.com
Photo from 58pic.com

Uchewei

Founder: Xu Ke

Founded in: 2015

Financing status: RMB 12 million (USD 1.7 million) Series A financing

Uchewei is a shared parking platform that aims to fully utilize vacant parking spaces. The platform helps users find parking spaces in peak periods as well as help parking space owners rent spaces to others.

A Beijing company founded in 2015, Uchewei’s services covers 180 core Beijing business districts with more than 5,000 parking spaces available on its platform. These parking spaces are mainly rented from property management companies and third party parking management companies. In addition, its users are mainly commuters who own cars.

This Series A financing round was led by Gobi Partners with Baojia as an investor. The platform will use this fund to expand its business model to new cities including Shanghai and Guangzhou.

(Top photo from Baidu image)

Kaikai Shi majored in Biotechnology at Zhejiang University. He now runs the Tech Financing column for AllChinaTech. His interests are in new technology and reading. Kai believes that new technology will change the world we live in, and is trying to engage himself in this process.