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
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)