# IRiding(Xiamen) Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/iriding-xiamen-technology-co

- Industry: Transportation Services
- Headquarters: Xiamen, China
- Website: www.iriding.cc
- Latest round: Series C (Mar 13, 2018)
- Investors on record: 5

## About

Established in 2012 and based in Xiamen, China, IRiding(Xiamen) Technology Co., Ltd. doing business as Qicycle, is a cycling sports social software and cycling bike developer. The company has developed a strong presence with its research and development center in Xiamen, and has expanded its operations to include offices in Beijing, Shenzhen, and Suzhou. Internationally, Qicycle has reached customers across Asia, Europe, Oceania, and South America with its products. 

The company focuses on the research and development of smart cycling equipment and related services. The company offers a range of products including the R1 carbon fiber road bike, Mijia electric assist folding bike, and Mijia inflatable treasure, designed to enhance the cycling experience. Their products are applied in the field of sports and transportation, providing functionalities such as electric assistance, folding mechanisms for portability, and innovative designs for improved performance and convenience.

The company generates revenue by selling its smart cycling products and providing related services, which include after-sales support and maintenance.

## Funding rounds

- Series C, Mar 13, 2018 — Korea Investment Partners (China)
- Series B, Nov 20, 2015 — Shangshi Fund, Beijing Leiman Kaixin Investment Management
- Series A, Sep 5, 2014 — Shunwei Capital, Xiaomi Group

## Investors

- Shunwei Capital (https://capitalatlas.ai/funds/shunwei-capital) — Series A
- Xiaomi Group — Series A
- Shangshi Fund (https://capitalatlas.ai/funds/shangshi-fund) — Series B
- Beijing Leiman Kaixin Investment Management — Series B
- Korea Investment Partners (China) (https://capitalatlas.ai/funds/korea-investment-partners-china) — Series C