# Qeebike Technology Co.

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

- Industry: Internet
- Headquarters: Hangzhou, China
- Website: www.qeebike.com
- Total disclosed funding: $10M
- Latest round: Series A (Jul 31, 2018)
- Investors on record: 8

## About

Qeebike Technology Co., Ltd. is a technology firm specializing in smart helmets designed to enhance cycling safety through innovative features and location-based technology, catering primarily to urban cyclists.Founded in 2016, Qeebike Technology Co., Ltd. operates from Hangzhou, China, focusing on smart helmet development. The company is led by CEO Kunpeng Zhou. It has engaged in four funding deals, with the latest being a Series A round in July 2018, in which the company raised USD 10.00 mn from KYMCO Capital and other investors including IDG Capital, Legend Capital, and Sunwoda Electronic Co., Ltd.Qeebike Technology specializes in developing innovative smart helmets aimed at enhancing user safety during cycling. Their flagship product integrates advanced safety features and location-based technology to ensure accurate parking and prevent disorderly parking behavior, targeting urban cyclists who face challenges related to safety and parking in crowded environments.The revenue structure of Qeebike Technology revolves around direct-to-consumer sales of their smart helmets and related services, facilitated through online platforms and retail partnerships. This allows customers to purchase products directly while benefiting from promotional offers and subscription services associated with their app. The company’s revenue model includes bundled offerings for additional features or services tied to their smart helmets, reflecting the product's technological advancements and safety benefits.In July 2018, Qeebike Technology Co., Ltd. raised USD 10.00 mn in Series A+ funding, led by KYMCO Capital with participation from returning investors IDG Capital and Legend Capital, as well as new investor Sunwoda Electronic Co., Ltd. The company plans to utilize these funds to design and launch new products aimed at enhancing safety features further. Additionally, Qeebike Technology is strategizing to expand into international markets, specifically targeting Europe and North America by 2025.

## Funding rounds

- Series A, Jul 31, 2018, $10M — Legend Capital, IDG Capital, KYMCO Capital, Sunwoda Electronic Co., Ltd.
- Series A, Mar 22, 2018 — Legend Capital, IDG Capital, Ventech China, In Capital, Qingsong Fund
- Angel, Mar 8, 2017 — Legend Capital, In Capital, Qingsong Fund, 59 Store

## Investors

- Legend Capital — Angel, Series A
- In Capital — Angel, Series A
- Qingsong Fund (https://capitalatlas.ai/funds/qingsong-fund) — Angel, Series A
- 59 Store — Angel
- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Series A
- Ventech China (https://capitalatlas.ai/funds/ventech-china) — Series A
- KYMCO Capital (https://capitalatlas.ai/funds/kymco-capital) — Series A
- Sunwoda Electronic Co., Ltd. — Series A