The bike-sharing revolution in China has already transformed the look and feel of the cities across the country. With billions of rides taken on millions of bikes with just a click on a mobile app, the market has seen enormous growth. The bike-sharing startups in China are getting ready for overseas expansion after the success in major cities in the home country. Hello Trans Tech, formerly known as Hellobike is one such bike-sharing giant in the country.
The company changed its name last year on its second anniversary since it makes a foray into a variety of vehicle sharing business besides bike-sharing. This will include moped scooter-sharing and building a further alliance with the travel industry. According to reports, the company has recently closed a funding round of around $580 million (RMB 4 billion). The funding was led by Alibaba affiliate Ant Financial and Primavera Capital Group. Hello Trans Tech has been backed by Alibaba since 2017 and has now become one of the top leaders in China’s bike-sharing market.
The company headquartered in Shanghai is led by Han Mei, COO, and boasts of nearly 24 million orders per day with its services extended to over 300 cities in China. Hello Trans Tech is now focusing on expanding in second and third-tier cities and plans to push car-sharing and ride-hailing services.
Hello Trans Tech offers a great option for short distance travelers
The company develops smart-sharing bikes for short distance travelers in China. Hello Trans Tech’s application promotes the development of the shared bicycle segment market through cooperation with scenic spot supervision agencies of tourist attraction and the traditional car-rental business. The bikes are white and blue in color and all you need is a phone app and you can find from millions of bike scattered across the sidewalks.
The bikes are enabled with smart locks and GPS functions that allow the users to locate the nearest possible available bike. The fifth-generation smart lock system introduced by the company makes use of Bluetooth adaptive technology that allows app map’s feature to identify bike’s location with a minimum error of ten centimeters only.
Ease traffic and decrease commute time with Hello Trans Tech bikes
Hello Trans Tech recently announced its partnership with the Shanghai Metro. This step has been taken to create an intelligent transfer system between popular bike parking spots and railway stations. Both the sides plan to work together to ensure fast transfers between the transport hubs and thus ensuring a decrease in commute time and avoiding traffic congestions.
‘Go green’ with Hello Trans Tech bike-sharing services; get in touch with the team today.
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