Mobike, known as Meituanbike, founded by Beijing Mobike Technology Co.
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In June 2017, Mobike raised $600 million in Series E funding led by Tencent, bringing the firm's fund raising in 2017 alone to nearly US$1 billion.
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On 21 March 2017, Mobike started operations in Singapore, the company's first overseas market.
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On 31 August 2017, Mobike announced its official launch in Thailand with its partnership with AIS, Central Pattana and Kasertsat University.
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Mobike's launch is directly in line with the city government's "Non-Motorised Transport" initiative, which focuses on promoting ecotourism through the development of a sustainable urban transport system.
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On 6 September 2017, Mobike officially launched in Malaysia, with the first bikes being rolled out in Setia Alam and Cyberjaya just a month later.
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In November 2017 and February 2018, Mobike launched its service in Sydney and the Gold Coast, Queensland, Australia respectively.
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On 11 March 2019, Mobike requested to surrender its bicycle sharing license and cease all operation in Singapore.
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In September 2017, Mobike extended its service to London, quickly followed by launching in Newcastle.
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In September 2018, Mobike announced that it was to suspend its operations in Manchester.
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Mobike said that it had suffered increased bike losses dues to theft and vandalism in the city.
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Mobike extended its service in the Netherlands in June 2018 with the launch of Mobike in Delft.
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In September 2018, Mobike entered the l'Hospitalet de Llobregat thanks to an agreement with the city council.
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In February 2019, Mobike was awarded permission to launch electronic scooters in Madrid.
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Mobike launched in Charlotte, North Carolina on 22 December 2017 and in San Diego on 23 February 2018.
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In February 2018, Mobike launched its operations in Mexico City and Santiago, Chile.
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Similar to Call a Bike in Germany, every Mobike bicycle comes with an internet-controlled electronic wheel lock that automatically unlocks but requires manual locking after use.
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Mobike bicycles are powered by a small generator installed on the rear wheel hub to power the lock, or by a PV panel in some bike models.
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Mobike bicycles come in two versions, both of which requires a scan of a unique QR-code to unlock:.
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Mobike Lite comes with a net-like metal basket and has a solar panel that powers the QR lock and GPS tracker.
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Colour scheme of the second generation Mobike Lite is changed to orange for the inner rim, and reverts to black for the tyre.
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Access to Mobike bicycles requires the Mobike application, which takes a minimum deposit of one unit of country-specific currency to ensure the user supplied payment details are correct.
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