UCAR

Company

Investment-firm

Last deal

$353.07M
Local Amount - CNY 2.4B

Amount

Post-IPO Equity

Stage

07.06.2017

Date

3

all rounds

$2.39B

Total amount

Financing round

General

About Company
UCAR is a leading chauffeured car service provider in China, offering safe and standardized chauffeur services to its customers.

Industry

Sector :

Subsector :

Keywords :

Also Known As

神州优车集团, 神州优车股份有限公司

founded date

01.01.1999

founders

Number of employees

Company Type

For Profit

Last funding type

Post-IPO Equity

IPO status

Private

Description

UCAR, launched in 2015, combines mobile internet technology, big data, professional drivers, and quality rental vehicles to ensure reliable and secure chauffeur services. The company guarantees drivers' qualifications and vehicle conditions, tracks driver behaviors using advanced technologies, and provides privacy protection and quick compensation in case of accidents. UCAR operates through three business segments, focusing on mobility and the automobile value chain. Some of its portfolio startups include XPeng Motors and SouChe Holdings, and it invests mainly in industries like Supply Chain Management and Cloud Computing.
Contacts

Social url

Similar Companies
437
Kuaidi Dache

Kuaidi Dache

Kuaidi Group is the world's largest car service company, revolutionizing transportation in China and beyond.

Sector

Automobiles and Parts

Subsector

Auto Services

Location

Hangzhou, Zhejiang, China

total rounds

4

total raised

$725M
ChainwayTSP

ChainwayTSP

ChainwayTSP provides telematics technology solutions for auto insurance, logistics, car rental and related services.

Sector

Automobiles and Parts

Subsector

Auto Services

Keywords

Transportation, Automotive

Location

Shenzhen, Guangdong Province, China

total rounds

3

total raised

$10.52M
MyCarPort

MyCarPort

MyCarPort is a technology company that partners with independent service stations to provide convenient vehicle maintenance services.

Sector

Automobiles and Parts

Subsector

Auto Services

Keywords

Automotive

Location

Hyderabad, Telangana, India
Core Car

Core Car

Core Car is a company that focuses on revolutionizing the automotive industry.

Sector

Automobiles and Parts

Subsector

Automobiles

Keywords

Mobile Apps, Automotive, Apps

Location

Stamford, CT, USA

Financials

Funding Rounds
5
3

Number of Funding Rounds

$2.39B

Money Raised

Their latest funding was raised on 07.06.2017. Their latest investor New China Capital Management. Their latest round Post-IPO Equity

Date 
Funding Round 
Investors 
Money Raised 
Lead 
07.06.2017
1
$353.07M
Local Amount - CNY 2.4B
02.03.2017
2
$667.86M
Local Amount - CNY 4.6B
15.04.2016
4
$568.1M
Local Amount - CNY 3.68B
PICC Asset Management

PICC Asset Management

China People's Insurance Assets Management Co. Ltd. manages assets worth nearly 900 billion yuan.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Keywords

Financial Services, Insurance, Asset Management

Location

Shanghai, China

count Of Investments

3
Shanghai Pudong Development Bank

Shanghai Pudong Development Bank

Shanghai Pudong Development Bank is a commercial bank in China.

Sector

Banks

Subsector

Banks

Keywords

Financial Services, Banking, Finance

Location

Shanghai, China

total rounds

1

total raised

$5.8B

count Of Investments

12
UnionPay International

UnionPay International

China UnionPay International (UPI) is a subsidiary of China UnionPay that enables card acceptance in 181 countries and regions.

Sector

Industrial Support Services

Subsector

Transaction Processing Services

Keywords

Financial Services

Location

Shanghai, China

total rounds

2

count Of Investments

3

count Of Exists

1
CITIC Securities

CITIC Securities

CITIC Securities is a Chinese full-service investment bank.

Sector

Investment Banking and Brokerage Services

Subsector

Diversified Financial Services

Location

Shenzhen, Guangdong Province, China

count Of Investments

106

count Of Exists

1
Shenwan Hongyuan

Shenwan Hongyuan

Shenwan Hongyuan Securities is a large Shanghai-based securities company offering various financial services.

Sector

Investment Banking and Brokerage Services

Subsector

Investment Services

Keywords

Financial Services, Finance, Stock Exchanges

Location

Shanghai, China

count Of Investments

26
CICC

CICC

CICC is a top-tier investment bank providing comprehensive financial services to corporates, institutions, and individuals worldwide.

Sector

Investment Banking and Brokerage Services

Subsector

Diversified Financial Services

Location

Beijing, China

total rounds

2

total raised

$367M

count Of Investments

209

count Of Exists

6
Alibaba Group

Alibaba Group

Alibaba Group provides technology infrastructure and marketing reach to help businesses engage with their users and customers.

Sector

Industrial Support Services

Subsector

Professional Business Support Services

Keywords

Financial Services, Finance, Venture Capital

Location

Hangzhou, Zhejiang, China

total rounds

20

total raised

$13.34B

count Of Investments

270

count Of Exists

29
Investments
4
Date 
name 
Lead 
type 
Raised 
03.05.2018
Yes
$10M
27.04.2018
Yes
$78.9M
12.06.2017
Yes
$323.55M
Local Amount - CNY 2.2B
Chexingyi

Chexingyi

Che Xing Yi is an online automotive aftermarket service provider that offers a range of auto services to car owners.

Sector

Automobiles and Parts

Subsector

Auto Services

Keywords

Automotive, Internet

Location

Guangzhou, Guangdong Province, China

total rounds

2

total raised

$10M

count Of Investments

1
AutocloudPro

AutocloudPro

AutocloudPro is a cloud platform for auto parts sales and distribution.

Sector

Automobiles and Parts

Subsector

Auto Services

Location

Shanghai, China

total rounds

4

total raised

$104.9M
Xpeng Motors

Xpeng Motors

Xpeng is a leading tech company that designs, manufactures and markets intelligent mobility solutions.

Sector

Automobiles and Parts

Subsector

Automobiles

Keywords

Manufacturing, Automotive, Robotics

Location

Guangzhou, Guangdong Province, China

total rounds

12

total raised

$7.15B

count Of Investments

5
Co-Investors
Investors
12
11

Number of lead investors

12

Number of investors

Investor 
Lead 
Round 
Partners 
Yes
Series C
Yes
Series B
New China Capital Management

New China Capital Management

New China Capital Management, LLC is a venture capital and private equity firm that specializes in growth capital investments..

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Keywords

Financial Services, Venture Capital, Finance

Location

Beijing, China

count Of Investments

5
CITIC Securities

CITIC Securities

CITIC Securities is a Chinese full-service investment bank.

Sector

Investment Banking and Brokerage Services

Subsector

Diversified Financial Services

Location

Shenzhen, Guangdong Province, China

count Of Investments

106

count Of Exists

1
Credit Suisse

Credit Suisse

Credit Suisse Group is a financial services company that provides comprehensive financial advice to clients.

Sector

Banks

Subsector

Banks

Location

Zürich, Switzerland

total rounds

1

total raised

$1.87B

count Of Investments

148

count Of Exists

40
Acquisitions
1
Acquiree Name 
Date 
Price 
Acquisition Name 
19.03.2019
$610M
BORGWARD acquired by UCAR

BORGWARD acquired by UCAR

acquirer

UCAR
UCAR

date

19.03.2019

type

Acquisition

price

$610M
BORGWARD

BORGWARD

Borgward Group AG opens Silicon Valley R&D center for self-driving car technology.

Sector

Automobiles and Parts

Subsector

Automobiles

People

Founders
1
Zhengyao Lu
Zhengyao Lu

Zhengyao Lu

Zhengyao Lu is the president and CEO of China Auto Rental Holdings Limited, a Chinese car rental business that offers sedans, sports utility vehicles, and multi-purpose vehicles for short- and long- term rentals, and leasing. Zhengyao founded the company in 2007, before which he founded a joint LuZhengyao Automobile Club in 2005. Lu holds a bachelor’s degree in engineering from University of Science and Technology, Beijing, and an EMBA from Peking University.

current job

LuZhengyao Automobile Club

count Of Investments

1

count Of Exists

1

Zhengyao Lu

Employee Profiles
1
Zhengyao Lu

Zhengyao Lu

Founder, Chairman & CEO

Activity

Recent News
0