Smart Bike App Developer 'Beast' Raises Series B, Enters Bike Sharing Business

Lieyunwang, 11/17/16

Beijing-based Yeshou Technology, operator of mobile cycling app Beast Cycling, has won RMB 150 mln Series B funding from undisclosed investors. The funding will be used to establish a bike share program under an independent brand Bluegogo, according to CEO Li Gang.

Li Gang said that Bluegogo will focus on enhancing the user experience and providing smart bike features. Yeshou plans to first introduce the bike-share program in Shenzhen.

Editor's Note: For more information on this topic, please see "Smart Bike App Developer 'Beast' Completes RMB 50 Mln Series A," MD 7/22/15 issue.

Keywords: vehicle rental app Bluegogo Li Gang funding wireless Series B Beast Cycling Yeshou smart vehicle hardware bicycle sharing

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