Hello TransTech is a China based mobility and transportation technology company that reached a $6 billion valuation after raising approximately $2 billion in funding. Headquartered in Shanghai, China, Hello TransTech operates shared mobility and digital transportation platforms serving millions of users across urban markets. The company is best known for its bike sharing and two wheeler mobility services integrated with large consumer platforms.
Keep reading to learn how Hello TransTech scaled into a leading mobility technology company.
What Is Hello TransTech and What Does It Do?
Founded in 2016, Hello TransTech, commonly known as HelloBike, is a technology driven transportation company focused on shared mobility solutions. The platform provides bike sharing, electric scooter rentals, and urban transportation services through mobile applications.
Hello TransTech integrates payment systems, location technology, and data driven fleet management to support efficient and affordable urban mobility, particularly across cities in China.
How Much Funding Has Hello TransTech Raised?
1. Series A Round
- Amount Raised: $70 million
- Date: 2017
- Lead Investors: Ant Financial affiliated funds
- Purpose: Launch bike sharing operations, expand fleet size, and enter major Chinese cities
2. Series B Round
- Amount Raised: $280 million
- Date: 2018
- Lead Investors: Ant Financial
- Purpose: Scale nationwide operations, enhance platform technology, and improve fleet management
3. Series C Round
- Amount Raised: $600 million
- Date: 2019
- Lead Investors: Alibaba Group
- Purpose: Integrate mobility services with Alibaba ecosystem and strengthen operational efficiency
4. Strategic Investment Round
- Amount Raised: $1.05 billion
- Date: 2021
- Valuation: $6 billion
- Lead Investor: Alibaba Group
- Other Investors: Ant Group related entities
- Purpose: Support long term growth, fleet electrification, and expansion of digital mobility services
Total Funding Raised: Approximately $2 billion
Latest Funding Date: 2021
Latest Known Valuation: $6 billion
Key Investors
- Alibaba Group
- Details: Global technology and e commerce conglomerate
- Focus Areas: Digital platforms, consumer services, mobility integration
- Ant Group
- Details: Financial technology affiliate of Alibaba
- Focus Areas: Digital payments, mobility finance, platform ecosystems
- Institutional and Strategic Investors
- Details: Multiple growth stage and strategic backers
- Focus Areas: Urban mobility, transportation technology, smart cities
Where Is Hello TransTech’s Headquarters?
Hello TransTech is headquartered in Shanghai, China, supporting product development, fleet operations, and strategic partnerships across urban transportation markets.
What’s Next for Hello TransTech?
Hello TransTech is focused on expanding electric two wheeler services, improving fleet utilization through data analytics, and deepening integration with large consumer platforms. The company plans to enhance sustainability initiatives while strengthening its position in China’s shared mobility ecosystem.
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