About UU Cars
UU Cars is a company based in Beijing (China) founded in 2014.. UU Cars has raised $10 million across 1 funding round from investors including BitAuto. UU Cars operates in a competitive market with competitors including TIER, Yidao Yongche, Atzuche, Gofun and Baojia, among others.
- Headquarter Beijing, China
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Sectors
Transportation, Automotive & LogisticsTravel & Hospitality
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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
$10 M (USD)
in 1 rounds
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Latest Funding Round
$10 M (USD), Series A
Mar 18, 2015
- Investors
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Employee Count
Employee Count
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Funding Insights of UU Cars
UU Cars has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Series A round of $10 million completed in March 2015. 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 1
- Last Round Series A — $10.0M
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First Round
First Round
(18 Mar 2015)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2015 | Amount | Series A - UU Cars | Valuation |
investors |
| 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 UU Cars
UU Cars has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include BitAuto. 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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BitAuto is recognized as a leading automotive information portal in China.
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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 UU Cars
| 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 - UU Cars
| 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 |
Uu Cars Comparisons
Competitors of UU Cars
UU Cars 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 TIER, Yidao Yongche, Atzuche, Gofun and Baojia, 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.
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| domain | founded_year | HQ Location |
Electric kick-scooters are rented through a mobile app platform.
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| domain | founded_year | HQ Location |
Online P2P ride-hailing services are aggregated for bookings.
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| domain | founded_year | HQ Location |
Peer-to-peer car rentals are enabled between owners and screened users.
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| domain | founded_year | HQ Location |
Self-drive car rentals are enabled via an online booking platform.
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| domain | founded_year | HQ Location |
An online peer-to-peer platform for car rentals.
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| domain | founded_year | HQ Location |
Electric vehicles are rented self-drive on a per-minute basis.
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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 UU Cars
When was UU Cars founded?
UU Cars was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is UU Cars located?
UU Cars is headquartered in Beijing, China.
Is UU Cars a funded company?
UU Cars is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Series A of $10M, raised on Mar 18, 2015.
What does UU Cars do?
UU Cars was founded in 2014 in Beijing, China, as a peer-to-peer platform for electric car sharing. Car owners and drivers are enrolled via the app to facilitate vehicle exchanges, with operations in seven cities including Beijing, Shanghai, and Shenzhen. Over 65,000 owners were registered by March 2015, and 10M was raised from BitAuto. A shift to self-drive electric sharing occurred in October 2015.
Who are the top competitors of UU Cars?
UU Cars's top competitors include TIER, Yidao Yongche and Atzuche.
Who are UU Cars's investors?
UU Cars has 1 investor. Key investors include BitAuto.