Valuation has reached US $2.5 billion, hello travel CEO changes

Posted 2023-06-30 00:00:00 +0000 UTC

According to tianyancha data, on December 25, Shanghai Junzheng Network Technology Co., Ltd., the operation subject of harrow travel, had a number of industrial and commercial changes, including the filing of legal representative, manager, business project, etc. Among them, Yang Lei, the founder and CEO of Hello travel, resigned as the legal representative and manager of the company, which was replaced by Ren Liangliang, the former vice president of R & D of the company. In addition, the company's business scope includes import and export of goods or technology, telecommunication business, e-commerce (not allowed to engage in financial business), etc. Shanghai Junzheng Network Technology Co., Ltd. was founded in March 2016 with a registered capital of 30 million yuan. The company is mainly engaged in technology development, electric bicycle, car rental and other businesses in the field of public bicycle system and its accessories. In September of the same year, the harrow bike was officially launched and upgraded to the mobile travel platform harrow travel in September 2018. Harrow travel includes harrow bike, harrow booster car, harrow suit, harrow power change, harrow play, harrow hitchhiker and harrow taxi. Up to now, the company has completed the e-round financing, and the investors are mainly from ant financial services, Fosun Group and other investment institutions. After the completion of financing in August last year, the value of Hello travel has reached about $2.5 billion. In June this year, harrow travel and ant financial jointly invested 1 billion yuan to set up a joint venture company to launch the "harrow power exchange service" to locate the basic energy network of two wheel electric vehicles. As of June, harrow can provide nearly 500000 power changes for more than 2 million harrow mopeds and electric vehicle service users every day. Yang Lei, founder and CEO of Hello travel, once said that China is "a country on two wheels". Two wheel travel is just needed and has a daily demand of up to 1 billion times. The key to effectively solve the pain point of two wheel electric vehicle travel is energy. In order to meet the needs of tens of millions of delivery and express delivery personnel and 500 million users of two wheel electric vehicles, harrow has upgraded its original power exchange capacity, built two rounds of basic energy network with partners in different fields, and made the two rounds of basic energy network become an infrastructure service like hydropower and coal.

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