Ofo operates as a dockless bike-sharing platform. It helps users to scan a code from their smartphones to unlock parked bikes and enter their destination and pay via the messaging applications. It was founded in 2014 and is based in Beijing, China.
Research containing Ofo
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Ofo in 2 CB Insights research briefs, most recently on Oct 13, 2021.
Expert Collections containing Ofo
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Ofo is included in 3 Expert Collections, including Smart Cities.
Bike & Scooter Tech
We define bike and scooter technology startups as companies working on shared vehicle networks, vehicle design, and charging infrastructure for bicycles, scooters, mopeds, and other compact vehicles for one to two passengers.
Companies developing solutions to streamline the way people move themselves. Includes companies providing on-demand access to passenger vehicles and micromobility solutions as well as companies integrating multiple modes of transport, including public transit, into one service.
Latest Ofo News
Jul 19, 2023
William 14 seconds ago 0 Mainstream media are helping Democrats claim that President Joe Biden has reduced the monthly influx of illegal economic migrants. “The number of migrants in southern border fell sharply in June in the first full month after the Title 42 public health order ended,” a Fox News report said. Border officials apprehended 99,545 people between ports of entry on the US-Mexico border last month, the first time that figure has fallen below 100,000 since February 2021,” Politico.com said on July 18. “That’s a 42% drop from May, when the Biden administration implemented a series of new immigration policies. ”Border apprehensions at lowest level since February 2021,” the headline said on TheHill.com. “Migrant crossings along the US-Mexico border plummeted in June amid tougher asylum rules,” CBS News said. But official numbers cited by establishment media hide the growing influx of migrants through the many quasi-legal side doors that Biden MKs cross the border, immigration reformers say. Homeland Secretary Alejandro “Mayorkas is playing a huge shell game,” said Rep. Mark Green, chairman of the House Homeland Security Committee. “The result – tens of thousands of inadmissible foreigners (enter) customs and border patrol and are released into the country,” he said on July 19. “Secretary Mayorkas’ insistence that this is legal is a lie,” he added. “Border Patrol encounters with illegal migrants on the Southwest Border declined in June, but only because the Biden administration invented other means to allow large numbers of inadmissible aliens to enter the country,” said a July 19 statement from the Federation for American Immigration Reform. (FAIR), adding: When it comes to illegal immigration, the Biden administration’s strategy is to make it less visible to the American public, not to curb the unprecedented flow of migrants. Their strategy is to divert migrants from passing between ports of entry, allowing them to enter through land ports of entry or fly directly to the United States. They did so by blatantly abusing the parole authority and encouraging growing numbers of illegal migrants to use the CBP One phone app. Official figures also hide the number of “gateways” that are allowed to slip through the poorly guarded border. These three uncounted categories total at least 80,000 migrants per month. This monthly influx is in addition to approximately one million illegal migrants per year – or one illegal migrant for every four births. This huge population spike shifts vast wealth from ordinary Americans to employers and real estate investors, for example, by inflating the cost of housing. June issues The Department of Homeland Security said 144,571 migrants were allowed to cross the border in June – nearly 5,000 a day: U.S. Customs and Border Protection (CBP) today released operational statistics for June 2023, which show a significant and continued decline in migrant encounters along the southwest border as well as successful drug interdiction efforts resulting from new law enforcement initiatives. The total number of CBP encounters along the southwest border in June was the lowest in more than two years, falling nearly a third from May. The June number is down from the 199,027 migrants allowed in December 2022, although it is also up from the February reception of 78,652 migrants: Meetings with US Customs and Border Protection (CBP) The June number of 144,571 includes a growing influx of migrants through the planning software “CBO One”. The influx is expected to reach around 1,450 people daily through the Office of Field Operations (OFO) at border ports. This CBP One gateway keeps many potential illegal migrants away from chaotic border crossings, helping officials say the border is under control: Meetings with US Customs and Border Protection (CBP) US Border Patrol (USBP) Title 8 Apprehensions, Office of Field Operations (OFO) Title 8 Inadmissible Volumes and Title 42 Deportations by Exercise (FY) DHS buried the CBP One influx in the fine print of a monthly report, just above a section titled “Protecting Consumers and Eradicating Forced Labor from Supply Chains.” Admission says: In June, more than 38,000 people who made an appointment through the CBP One app were processed at a point of entry. Since the appointment booking feature was introduced in CBP One from January to the end of June, more than 170,000 people successfully scheduled appointments to report to a port of entry using CBP One. The main nationalities that have appointments scheduled are Haitians, Mexicans and Venezuelans. Effective July 1, CBP announced the expansion of appointments available to non-citizens through the CBP One app of 1,250 For 1,450 per day. Additionally, the agency also imports an additional 30,000 migrants every month directly from their home countries to Cuba, Venezuela, Haiti and Nicaragua, even though autocratic dictators control three of those countries. The influx adds 360,000 migrants to further wage cuts a year while weakening pro-democracy movements in the three autocracies. Mayorkas, of Cuban descent, also declared a “humanitarian” program to import at least 100,000 people from Colombia and Central America. Border officials have also eased restrictions on arrival at the airport for workers with B-1/B-2 tourist visas. Their hands-off policy also allows for a rapid increase in white-collar illegals who overstay their legal visas to take middle-class jobs from American college graduates. Mayorkas also downplayed the deportation of illegal migrants. Also, the White House is allowing more Mexicans to migrate to the United States in search of jobs and housing. This benefit to Mexico is provided in exchange for Mexico’s decision to use its police to stabilize the flow of global migrants from the southern border to Biden’s reception at the US border. The influx of Mexicans reached 50,000 in July, compared to 15,000 per month before May. This Biden influx has seen 3.2 million migrants cross the border since Biden’s inauguration, in addition to the annual influx of about 1 million legal migrants. This policy ensures that the federal government welcomes at least two legal and illegal migrants for every four American births. Biden MPs justify their massive illegal migration as good for the economy and “fairness” between Americans and faraway foreigners. “We cannot ensure that the rights and needs of people who see humanitarian assistance in the United States are exploited for political gain” through migration restrictions, Mayorkas told ABC News in January 2023. Checkout Migration The federal government has long pursued an unpopular economic policy of extractive migration. This policy resembling colonialism extracted large amounts of human resources from needy country, reduces beneficial trade, and uses imported workers, tenants, and consumers to grow Wall Street and the economy. The influx of migrants succeeded forced to lower the salaries of Americans and also boosted rents And housing costs. The influx also caused many native-born Americans to abandon their careers in a wide variety of industries and contributed to the increased death rate poor Americans. The murderous policy also sucks jobs and wealth from the central states by subsidizing coastal investors with a flood of low-wage workers, high-occupancy renters and government-assisted consumers. The influx of people also reduce policy weight native Americans, as population replacement allows elites to separate from needs And interests ordinary Americans. In numerous speeches, Borders chief Alejandro Mayorkas said he was building a system of mass migration to provide workers for wealthy employers and investors and “equity” for poor foreigners. The country’s border laws are subordinated to the opinion of the elites on “the values of our country”, says Mayorkas. Migration – and especially labor migration – is unpopular among swing voters. A 54% majority of Americans say Biden is authorizing a southern border invasion, according to an August 2022 poll commissioned by National Public Radio (NPR), center-left. The 54% “Invasion” majority included 76% Republicans, 46% independents and even 40% Democrats. Breitbart Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor. William 14 seconds ago
Ofo Frequently Asked Questions (FAQ)
When was Ofo founded?
Ofo was founded in 2014.
Where is Ofo's headquarters?
Ofo's headquarters is located at 11th Floor, Ideal International Building, Beijing.
What is Ofo's latest funding round?
Ofo's latest funding round is Series E - II.
How much did Ofo raise?
Ofo raised a total of $2.148B.
Who are the investors of Ofo?
Investors of Ofo include Alibaba Group, Ant Group, Haofeng Group, Junli Capital, Tianhe Capital and 20 more.
Who are Ofo's competitors?
Competitors of Ofo include Spin, dott, Whoosh, Wheels, HelloBike, Lime, Donkey Republic, Zagster, Jump Bikes, Skip Scooters and 12 more.
Compare Ofo to Competitors
Lime operates as a shared electric vehicle company. It provides short-term rentals of electric bikes and scooters. The company offers various programs such as lime access, lime hero, lime assist, and more. It was formerly known as LimeBike. The company was founded in 2017 and is based in San Francisco, California.
Skip Scooters ceased operation. Skip Scooters provides dockless electric scooter rental services. The company enables riders to access reliable scooter transportation coupled with safety education and training. It was formerly known as Waybots. It was founded in 2017 and is based in San Francisco, California.
dott provider sustainable micro-mobility services. It offers green mobility solutions to cities and citizens via dockless shared eScooters and eBikes. The company was founded in 2018 and is based in Amsterdam, Netherlands.
HelloBike offers a bike-sharing company. The company provides smart locks and global positioning system (GPS) functions enabled bikes. It allows users to locate the nearest available bike. It was founded in 2016 and is based in Minhang, China. In 2017, HelloBike was acquired by Youon Bike.
Qibei Tech allows users to rent a bike by simply scanning QR codes via its mobile app, and close the lock to return. The mobile app also shows the nearest bike available for rent.
Cityscoot is a self-service scooter rental company. It allows users to rent scooters using the app. The company was founded in 2014 and is based in Paris, France.