China-based Mobike is the New Bike-Sharing Player in Malaysia
In partnership with SP Setia, Mobike will be extending its smart urban mobility solution to Klang Valley.
Mobike, a leading global bike-sharing player announced its entry into the Malaysian market.
The launch ceremony took place today at Setia City Convention Centre, Mobike Malaysia welcomed its strategic partner, SP Setia Behad, and VIPs to experience the service and test ride 100 Mobikes.
Chris Martin, VP of International Expansion of Mobike said:
“We are truly excited to be partnering SP Setia Berhad, a highly-regarded Malaysian property developer, to bring our customised smart bike-share service to Malaysia, a country which is embarking on an exciting and ambitious path to achieve an efficient, integrated, and sustainable public transport system. We envision that Mobike’s dockless and convenient bike-sharing service will grow in tandem with the nation’s push to redefine the transportation sector’s environmental impact for a sustainable and well-connected country.”
September Free Rides
Mobikers in Malaysia may now join the #MobikeMovement with a one-time fully-refundable deposit at the promotional rate of 9 Malaysian Ringgit! The deposit will be 99 Malaysian Ringgit from October.
To celebrate the Malaysia Launch, Mobike is also providing a full month of free rides for the whole of September! Following the promotional period, Mobike users can enjoy rides at the affordable rate of 1.5 Malaysian Ringgit for every 30 minutes.
Mobike was founded in 2015, and today it claims over 100 million registered users across more than 100 cities, almost all of which are in China.
In China, Mobike charges 1RMB per 30 minutes. Its bikes are dock-less — meaning they can be dropped off and picked up from anywhere thanks to an embedded GPS chip — and are simply unlocked by scanning a QR code using the mobile app. At peak times, Mobike claims it handles as many as 25 million trips per day on its service.
The company has raised more than $900 million from investors, which include Tencent, Sequoia, Temasek and Warburg Pincus, according to data from Crunchbase. Its most recent round was a $600 million Series E, which was concluded in June.