# Liuwabao

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/liuwabao

- Industry: Consumer Services
- Headquarters: Shanghai, China
- Website: www.panda.100-bike.com
- Latest round: Series A (Apr 19, 2021)
- Investors on record: 3

## About

Based in China, Liuwabao is an unmanned bicycle rental company that focuses on providing convenient cycling solutions for urban commuters and enthusiasts.Liuwabao operates as an unmanned rental service primarily for bicycles, innovating in how urban transportation is managed. Founded in 2015 in Shanghai, China, the company has completed three significant deals, with its most recent deal occurring on April 19, 2021. The founder's prior entrepreneurial history is not publicly available.The company specializes in a range of innovative cycling-related products and services designed to enhance the cycling experience. Their core offerings include a variety of high-performance bicycles that cater to different segments, such as road biking, mountain biking, and urban commuting. Each product is engineered for durability, efficiency, and user comfort, addressing specific challenges faced by cyclists, such as speed, terrain adaptation, and ease of use. The company targets cycling enthusiasts and casual riders across various geographical markets, with a notable presence in the North American and European markets. By focusing on both the functionality and aesthetics of their products, the company serves a diverse client base that includes individual consumers, cycling clubs, and retail partners.The company's revenue streams are primarily generated through direct sales of their bicycles and related accessories to consumers and partnerships with retailers. Transactions typically occur through a structured retail model, where customers can purchase products directly from the company's stores or authorized dealers. The company may also engage in B2B transactions, supplying bicycles to sporting goods stores and specialty retailers, thereby expanding its market reach. Flagship products often feature premium pricing structures that reflect their high-quality manufacturing and innovative design, appealing to both serious cyclists and casual riders alike. Additionally, potential revenue from service offerings, such as maintenance and repair services, enhances customer loyalty and retention.Liuwabao is focused on designing and launching new bicycle models aimed at urban commuting and recreational cycling, with planned releases in 2022. The company aims to expand into additional markets in Southeast Asia and Europe by 2023. The funding raised in Series A on April 19, 2021, co-led by Zhonghuijin Group, will be utilized to support these new product developments and market expansions.

## Funding rounds

- Series A, Apr 19, 2021 — Zhonghuijin Group
- Angel, Mar 1, 2017 — Jilin Anjie Environmental Protection Co., Ltd., Zhong He Sheng Capital Management

## Investors

- Jilin Anjie Environmental Protection Co., Ltd. — Angel
- Zhong He Sheng Capital Management (https://capitalatlas.ai/funds/zhong-he-sheng-capital-management) — Angel
- Zhonghuijin Group — Series A