Didi Chuxing has invested tens of millions of U.S. dollars in ofo, an urban bicycle sharing platform, to expand the Chinese ride share giant’s operations into the so-called last mile mobility space.
As part the investment, DiDi plans to include ofo bike sharing offerings on its own mobile apps.
The two companies did not disclose specific dollar amount of the investment.
U.S. ride share company Uber has used bicycle to deliver food to users, but does not offer bicycle sharing services on its own app.
Created in April 2014 on the campus of Peking University as a student start-up, ofo says its mobile apps facilitate nearly 70,000 bike shares everyday among over 1.5 million users, mostly students, in China.
Claimed to be China’s largest bike-sharing platform, ofo sourced some of its 67,574 bicycles via asking students to donate their bicycles in return for free usage of ofo services.
Last month, Panda Capital just led a US$10 million series B round in Mobile, a Shanghai-based bicycle sharing app founded by a former Uber manager.
