Home > > Car rental service provider ZuzuChe.com picks up multi-million funding

Car rental service provider ZuzuChe.com picks up multi-million funding

05/14/2019| 10:18:38 AM| ChinaTravelNews 中文

This round of financing will be used to expand overseas market, improve customer experience and increase the R&D investment for setting up branches equipped with multi-lingual support in different countries.

ZuzuChe.com, an online taxi search website offering rental information for driving at destination, car chartering and wedding car services, recently announced it has received “tens of millions of US dollars” in its series C funding led by existing investor Qiming Venture Partners. 

Established in 2011, the Guangzhou-based company mainly provides car rental services for driving overseas and became profitable in 2014. This round of financing will be used to expand overseas market, improve customer experience and increase the R&D investment for setting up branches equipped with multi-lingual support in different countries, said Bin Li, founder of ZuzuChe.com. 

Official figures provided by ZuzuChe.com indicate that the company has listed 8 million vehicles and served more than 20 million users across over 6,000 cities in 200 countries through its 200,000 stores. ZuzuChe.com is said to be profitable. 

A travel product department was established by ZuzuChe.com to focus on tours and activities business in 2016. The company has starting dabbling in the hospitality industry and has been directly contracting and cooperating with hotel suppliers since the second half of last year. Hotels, tours and activities and car rental services are being prominently listed as major features of the ZuzuChe App. 

TAGS: ZuzuChe.com | investment
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