ChinaEquity Group Leads $13M Series A In Livall Riding

Shenzhen-based smart cycling helmet maker Livall Riding has completed RMB80 million (US$13 million) series A financing led by ChinaEquity Group, according to Chinese media reports.

The company also says it has signed an agreement to partner with a Chinese bicycle maker to create a smart bicycle.

The company previously raised RMB20 million angel investment from undisclosed investors.

Livall Riding’s smart helmet and jet come with colored LED lighting indicating left or right turns, and are equipped with with cameras.

They enable cyclists to do group talk or chats, collect data, and share on social media.

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