About Ruqi Mobility
Ruqi Mobility is a company based in Guangzhou (China) founded in 2019.. Ruqi Mobility has raised $269.93 million across 2 funding rounds from investors including Pony.ai, WeRide and Sparx Group.
- Headquarter Guangzhou, China
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ontime Logistics Solutions Private Limited
- Date of Incorporation 27 Jun, 2019
- Jurisdiction Hisar, Haryana, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$269.93 M (USD)
in 2 rounds
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Latest Funding Round
$117.3 M (USD), Series B
Jun 21, 2023
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Investors
Pony.ai
& 9 more
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Employee Count
Employee Count
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Funding Insights of Ruqi Mobility
Ruqi Mobility has successfully raised a total of $269.93M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $117.3 million completed in June 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $117.3M
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First Round
First Round
(26 Apr 2022)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series B - Ruqi Mobility | Valuation | GAC |
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| Apr, 2022 | Amount | Series A - Ruqi Mobility | Valuation | GAC |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ruqi Mobility
Ruqi Mobility has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Pony.ai, WeRide and Sparx Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Passenger cars are produced and branded by GAC in China.
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Founded Year | Domain | Location | |
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AI-powered self-driving technology is developed for autonomous vehicles.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ruqi Mobility
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Ruqi Mobility
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ruqi Mobility Comparisons
Competitors of Ruqi Mobility
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ruqi Mobility
Frequently Asked Questions about Ruqi Mobility
When was Ruqi Mobility founded?
Ruqi Mobility was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Ruqi Mobility located?
Ruqi Mobility is headquartered in Guangzhou, China. It is registered at Guangzhou, Guangdong, China.
Is Ruqi Mobility a funded company?
Ruqi Mobility is a funded company, having raised a total of $269.93M across 2 funding rounds to date. The company's 1st funding round was a Series A of $152.63M, raised on Apr 26, 2022.
What does Ruqi Mobility do?
AI-based platform providing ride-hailing services with electric fleet. Users can book rides by providing location, destination, user details, payment details, preferred dates, and more.
Who are Ruqi Mobility's investors?
Ruqi Mobility has 10 investors. Key investors include Pony.ai, WeRide, Sparx Group, GAC, and GAC Group.
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