About UCAR
UCAR is a company based in Shenzhen (China) founded in 2014.. UCAR has raised $1.43 billion across 5 funding rounds from investors including Zuche, Warburg Pincus and China People's Property Insurance. UCAR operates in a competitive market with competitors including Didi, Didachuxing, Ruqi Mobility, Kuaidi Dache and T3 Travel, among others.
- Headquarter Shenzhen, China
- Stage Public
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Sectors
HealthcareTransportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.43 B (USD)
in 5 rounds
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Latest Funding Round
$382 M (USD), Post-IPO
Jul 11, 2017
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Investors
Zuche
& 5 more
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Employee Count
Employee Count
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Funding Insights of UCAR
UCAR has successfully raised a total of $1.43B across 5 strategic funding rounds. The most recent funding activity was a Post-IPO round of $382 million completed in July 2017. 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 5
- Last Round Post-IPO — $382.0M
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First Round
First Round
(01 Jul 2015)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2017 | Amount | Post-IPO - UCAR | Valuation |
investors |
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| Mar, 2016 | Amount | Series C - UCAR | Valuation | Yunfeng Capital |
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| Jan, 2016 | Amount | Series B - UCAR | Valuation |
investors |
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| 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 UCAR
UCAR has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Zuche, Warburg Pincus and China People's Property Insurance. 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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Private equity investments are managed by Yunfeng Capital in China.
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Founded Year | Domain | Location | |
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Multi-stage private equity investments are pursued across diverse sectors.
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Founded Year | Domain | Location | |
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Venture Capital firm focused on multiple sectors
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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 UCAR
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - UCAR
| 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 |
Ucar Comparisons
Competitors of UCAR
UCAR operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Didi, Didachuxing, Ruqi Mobility, Kuaidi Dache and T3 Travel, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
An AI-enabled platform is operated for ride-hailing and on-demand services.
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| domain | founded_year | HQ Location |
Taxi booking services are facilitated via a mobile app platform.
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| domain | founded_year | HQ Location |
AI-based platform providing ride-hailing services with electric fleet
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| domain | founded_year | HQ Location |
Taxi-booking App with tipping ability
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| domain | founded_year | HQ Location |
Ride-hailing services are facilitated via an AI-enabled platform.
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| 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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Frequently Asked Questions about UCAR
When was UCAR founded?
UCAR was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is UCAR located?
UCAR is headquartered in Shenzhen, China. It is registered at Shenzhen, Guangdong, China.
Is UCAR a funded company?
UCAR is a funded company, having raised a total of $1.43B across 5 funding rounds to date. The company's 1st funding round was a Series B of $60M, raised on Jul 01, 2015.
What does UCAR do?
UCAR was founded in 2014 in Shenzhen, China, as an online platform for ride-sharing. Chauffeured car services are provided through a mobile app, covering 60 cities nationwide. Operations follow an asset-heavy model with an in-house fleet, and a permit for ride-sharing is maintained. The company is valued at US3.55 billion from its latest funding round.
Who are the top competitors of UCAR?
UCAR's top competitors include Didi, Didachuxing and Ruqi Mobility.
Who are UCAR's investors?
UCAR has 6 investors. Key investors include Zuche, Warburg Pincus, China People's Property Insurance, Yunfeng Capital, and Tourmalinegem.
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