Founded in 2014, ofo developed the world's first "non-docking" bike sharing platform operated by a mobile application.
This platform combines the concepts of the sharing economy and smart appliances to overcome the "last mile of travel" challenges of people in urban areas.
ofo connects about 10 million registered users with over 1,000,000 bikes across 34 cities in China. The application has booked more than 100 million rides. At the beginning of 2017, ofo was handling more than 2 million transactions per day. It was the ninth company in China to exceed one million daily transactions.
Now ofo is taking its technology and vision to the US, the UK, and Singapore., expanding its reach and product to a global audience.