Chinese start-up Yellow has raised $9m in seed funding for its dockless bicycle hire service, aimed at reducing emissions and improving traffic flow. Ultimately, Yellow envisions deploying more than one million bikes. Founders Renato Freitas and Ariel Lambrecht , who recently sold their ride-sharing service 20,000 to Chinese giant Didi Chuxing for $ $9m , said the funding will be used to deploy an initial 20,000 bikes, eventually rising to a total of 100,000 . Yellow also plans to add e-scooters and e-bikes to its fleet in the future.
Chinese start-up Yellow has raised $9m in seed funding for its dockless bicycle hire service, aimed at reducing emissions and improving traffic flow. Founders Renato Freitas and Ariel Lambrecht , who recently sold their ride-sharing service 20,000 to Chinese giant Didi Chuxing for $ $9m , said the funding will be used to deploy an initial 20,000 bikes, eventually rising to a total of 100,000 . Yellow also plans to add e-scooters and e-bikes to its fleet in the future.