A dockless-bike-sharing tech startup providing a green solution to urban transportation.
ZX Bike is a bike-sharing startup launched by Beijing Qiqi Zhixiang Science & Technology Development Co., Ltd.
Users can locate ZX bikes using a smartphone application and unlock them by scanning barcodes printed on the bikes. The latest models, ZX Bike 4.0, unveiled towards the end of 2017, have introduced a smart lock feature enabling the rider to control the bike remotely. For these and many other technological breakthroughs (the company holds over 80 patents), ZX Bike has been awarded by the industry the “Bike Brand Technological Innovation Award,” “The Most Trustworthy Business Award,” and “Benchmarking Enterprise Award.”
In December 2016, ZX Bike had $469,000 USD in registered capital and joined ToJoy for incubation. In February 2017, it completed a Series A round funding of $15.6 million USD and received a valuation of $156 million USD.
As of September 2018, ZX Bike has teamed up with 31 operating partners and received $34.7 million USD in investment. The same month, the company signed an agreement with Korean company Unique Holdings and is planning to unveil its dockless bikes in PyeongChang, South Korea soon. ZX Bike is currently valued at over $317 million USD.
$0.4 → $317