May 2026
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Largest Micromobility Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
Ninebot, Aima Technology Group, Youon Technology, Phoenix Bicycle and Lobo Technologies.
 | Ninebot Ltd is engaged in the research and development, design, manufacturing, distribution and sales of short-distance transportation products. The products offered by the company include electric balance bikes and electric scooters for short distance commuting. | $6 | -39% | $4B | $3B | 0.9x | 8.3x | ||
| Aima Technology Group Co Ltd is engaged in the research and development, production, and sales of electric bicycles, electric mopeds, and electric motorcycles. | $3 | -41% | $3B | $2B | 0.6x | 4.9x | ||
| Youon Technology Co Ltd is an international supplier and operator of urban green transportation systems. The company develops, manufactures, and sells public bicycle systems and public bicycle system information technology services. The company, through its IoT technology, provide comprehensive and three-dimensional green transportation services for the city. It is mainly specialized in public bicycles, public bicycle rental, public bicycle system, public bicycle rental system, public bicycle intelligent control system, and urban public bicycles. Geographically, the company generates the majority of its revenue from the Domestic market. | $3 | +25% | $927M | $493M | 8.1x | (30.7x) | ||
| Shanghai Phoenix Enterprise (Group) Co Ltd designs, develops, manufactures, and sells bicycles under the Phoenix brand name in China. Its production and sales of Phoenix brand bicycle products not only exported to Europe and the United States and other international markets. | $1 | -22% | $587M | $538M | 1.7x | 16.8x | ||
| Lobo Technologies Ltd, formerly known as Lobo EV Technologies Ltd, is an electric vehicle manufacturer and seller company. It designs, develops, manufactures, and sells e-bicycles, e-mopeds, e-tricycles, and electric off-highway four-wheeled shuttles such as golf carts and mobility scooters for the elderly and disabled persons, also provides automobile information and entertainment software development and design services to customers. The company operates in two operating segments: the Electric vehicles and accessories sales segment, which generates key revenue, and the software royalties and development and design services segment. It generates all of its revenue within the People's Republic of China. | $1 | -5% | $10M | $13M | 0.5x | (5.0x) | ||
| Median | $3 | -22% | $927M | $538M | 0.9x | 4.9x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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