The rate increase is part of parent company Meituan’s broader profitability push.
Mobike Europe branch is reportedly planning on branching out into e-bike and scooter rentals in the region.
Mobike has started to charge Shanghai users an extra RMB 20 (around $3) if they park a bike outside the company’s ‘area of operation.’
Beijing and Shanghai have given no indication of whether the bans will be lifted.
Other bike-rental companies are considering raising prices, as warmer weather brings a likely rebound in trip numbers.
Two repeat investors participated in DST’s latest fundraise, and well-known Qiming Ventures led its first funding rounds.
Meituan-owned Mobike also denied that layoffs in Asia are part of a larger exit strategy.
Bike companies have a longer time for implementation than previously announced.
Discarded bikes are languishing after the rental-bike boom went bust due to high retrieval costs.
Mobike was added to WeChat Pay’s interface as a third-party service.