Xiaoming Bicycle modifies ordinary bicycles by replacing solid tires and adding safety locks. The cost is around 500 yuan. Xiaoming Bicycle has a blue body and is a private bicycle project that provides "last mile" travel services in the city.
On October 8, 2016, Xiaoming Bicycle announced the completion of a RMB 100 million Series A financing, led by the sports bicycle brand Kailushi.
Xiaoming Bicycle was founded in September 2016 by Jin Chaohui, the former co-founder and chief operating officer of Zhaimi. The core team comes from Didi Chuxing and Uber. The intelligent hardware team consists of more than 30 years of experience in bicycle research and development. of bicycle engineers.
In September 2016, "Xiaoming Bicycle" completed tens of millions of yuan in angel round financing. The lead investor was Feng Tao from Lianchuang Yongxuan, and many shareholders with backgrounds in listed companies followed the investment. Jin Chaohui, the original co-founder of Zhaimi, serves as the CEO of the bicycle project, and Zhaimi provides support as a strategic resource for the project campus.
In January 2017, Chen Yuying officially took over Xiaoming Bicycle as CEO.
In July 2017, it received hundreds of millions of yuan in Series B financing.