Company Profile

QiCYCLE is deeply engaged in electric bicycle system solutions and is committed to creating a future-oriented low-carbon transportation vehicle. We have earned our reputation in the fields of electric bicycles and riding-related smart products. Mi Smart Electric Folding Bike, Xiaomi Portable Electric Air Compressor and QiCYCLE APP with millions of users are the star products of the company. QiCYCLE is based on the global market with an international vision and intentions to create every product.

 

01 Establishment

iRiding (Xiamen) Technology Co., Ltd. was established in Xiamen in 2011.

02 Development

QiCYCLE APP1.0, a social software for riding, was officially launched in 2013.

With installed users and registered users exceeding one million in two years, QiCYCLE APP1.0 became the first choice of users for riding.

So far, users' total mileage of riding reached 130 million kilometers, 350 times the distance between the Earth and the Moon.

03 Acceleration

iRiding became one of Xiaomi Ecosystem enterprises in September 2014.

Committed to the research and development of hardware, iRiding has successively launched many products, including R1 Carbon Fiber Road Bicycle meeting Standard of Tour of France, Mi Smart Electric Folding Bike, Mitu Children's Bike, and Mi Portable Electric Air Compressor.

04 Expansion

In 2019, Mi Smart Electric Folding Bike and Mi Portable Electric Air Compressor were marketed overseas.

At present, products of iRiding are sold in over twenty countries/regions covering the four continents of Asia, Europe, Oceania, and South America.

In 2020, iRiding introduced QiCYCLE Pedelec and accessories, embarking on a new journey of building its own brand.

05 Prospect

Looking ahead, iRiding will continue to focus on developing future-oriented products for sports and travel and providing better travel experience for users leveraging its competitive edges in product research, development, and design.

 

 

 

 

Development History

2011

iRiding (Xiamen) Technology Co., Ltd. was established in Xiamen.

 

2013

Developed iRiding APP, a software for riding, and put it into operation

iRiding App users exceeded 1.24 million.

iRiding users have a cumulative riding mileage of 65 million kilometers, becoming the largest riding community in China.

 

2014

iRiding became a member of Xiaomi Ecosystem and was responsible for research and development and ecological layout of intelligent hardware products in life and travel.

iRiding changed its name to iRiding (Xiamen) Technology Co., Ltd.

iRiding obtained angel round financing.

iRiding joined in Xiaomi Ecosystem.

 

2016

Mi Smart Electric Folding Bike was launched by Liu De, the co-founder of Xiaomi, and was praised by Lei Jun, the CEO of Xiaomi.

First application of aluminum forging in the bike

First application of CAN bus in the bike

Obtaining 11 patents for longitudinal folding

First mass production of TMM torque sensor

QiCYCLE R1 Carbon Fiber Road Bicycle went live in Xiaomi Crowdfunding.

QiCYCLE R1 won two Red Dot Design Awards.

QiCYCLE R1 won Innovative IF Design Award of Taipei Cycle for acquisition of complete sports data.

 

2017

The sales volume of Mi Smart Electric Folding Bike, a new category of Pedelec for Ecommerce in China, was 51,800, with cumulative sales amount reaching RMB 135 million.

Mi Smart Electric Folding Bike ranked the top for two consecutive years in terms of sales volume, with market share up to 91.3% in 2017.

iFixit Mi Smart Electric Folding Bike was highly praised.

iRiding was determined as an advantageous enterprise for industrial design intellectual property in Xiamen by Xiamen Intellectual Property Office.

Developing after-sales app and addressing the practical needs of spares, maintenance instructions, and payment settlement.

Providing after-sales services for products by signing contracts with 272 iRiding urban partners.

 

2019

The CN¥199 Xiaomi Portable Electric Air Compressor is now available for online purchase at mi.com

"Mitu Children’s Bike (14-inch)" was sold on Xiaomi Mall and won the German Red Dot Design Award 2020.

QiCYCLE Pedelec meeting new national standards was sold on Xiaomi Mall and obtained 18 patents for bicycle frame technology.

 

2020

Mi Smart Electric Folding Bike meeting new European standards and made in Taiwan passed the certification and went on sale in Europe in August.

EF1 became China's first Pedelec that completed EN15194-2017 certification and was sold in Europe.

Driven by the pandemic and European shopping allowance, the sales of Mi Smart Electric Folding Bike surged, with orders increasing month by month.

 

Mission

公司没有使命

Slogan是科技之美,成就骑行乐趣  High tech makes for cycling fun

 

Product

  • QiCYCLE Electric Bicycle:

Folding bikes: Mi Smart Electric Folding Bike EF1 

City bikes,

Touring bikes: (T2, 还没有完整的产品名称)

  • Cycling life accessories: Xiaomi Portable Electric Air Compressor, QiCYCLE Portable Electric Air Inflator, basket, frame, bag and so on.
  • Cycling APP

The QiCYCLE APP with 1.48 million registered users has become a bridge connecting the QiCYCLE product team and users.

A more accurate understanding of vehicle usage and user habits to improve the user's riding experience.

OTA with new functions and new experience, constantly improve the user experience and enhance user stickiness.

Cycling social, sharing riding stories, cycling experience, modification communication.

 

Certification

Electric power-assistant bicycle Standards: EN15194:2017, CE, RoHS, REACH

Portable Electric Air Inflator Standards: UKCA, CE, REACH, WEEE, KC, etc.

 

Award

2016

QiCYCLE R1 won two Red Dot Design Awards.

QiCYCLE R1 won Innovative IF Design Award of Taipei Cycle for acquisition of complete sports data.

 

2019

"Mitu Children’s Bike (14-inch)" was sold on Xiaomi Mall and won the German Red Dot Design Award 2020.

Entered markets

EF1 sold over 110,000 units, with cumulative sales of 430k EUR.

At present, products of iRiding are sold in over twenty countries/regions covering the four continents of Asia, Europe, Oceania, and South America.

 

Europe accounted for 67%

Germany, UK, Spain, Italy, France, Netherlands, Belgium, Luxembourg, Sweden, Switzerland, Russia and other countries

 

Asia accounted for 28.63%

China, Korea, Japan, Indonesia, Mongolia, Taiwan

 

South America accounted for 1.84 %

Brazil

 

Australia accounted for 2.53 %

Australia