CAR

company

About

CAR Inc., the largest car rental company in China and a Hong Kong Stock Exchange listed public company.

  • 10001 - max

Details

Last Funding Type
Post-IPO Equity
Last Funding Money Raised
$228.30M
Industries
Automotive,Rental
Founded date
Sep 1, 2007
Number Of Employee
10001 - max
Operating Status
Active

CAR Inc. is a car rental service provider, CAR is dedicated to providing customers across China with superior car rental services including short-term rental, long-term rental and financial leasing, as well as assorted value-added services as roadside assistance, one-way rentals, etc. As of June 2014, they operated in 70 major cities, at 52 airports across China with over 717 service locations, serving more than 1 million individual customers and nearly 10,000 corporate clients.

Their nationwide service network covers major cities and tourist destinations in mainland China. Alongside with their well-developed website and 24/7 call centers, they provide 24-hour customer service delivering convenience, flexibility and value to their customers, serving to satisfy diversified customer needs as well as to support and ensure customers' safe driving.

Since establishment they have well received encouraging customer and social reviews nationwide. In 2008, CAR acted as the official car rental service provider of the 29th Summer Olympic Games, and was awarded the 21th Century Future Star by China Entrepreneur magazine. In 2009, CAR was listed one of Forbes China's Potential Enterprises. In 2010, CAR was named New Fortune's Highest Potential Business Model and China.com's Annual Best Car Rental Service. In 2011, CAR received the Best Service Award given by China Brand Festival, Best Car Rental Company by National Geographic Traveler and Harvard Business Review’s 5th Management Action Gold Award.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$228.30M
CAR has raised a total of $228.30M in funding over 2 rounds. Their latest funding was raised on Nov 11, 2020 from a Post-IPO Equity round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Nov 11, 2020 Post-IPO Equity $228.30M 1 MBK Partners Detail

Investors

Number of Lead Investors
Number of Investors
1
1
CAR is funded by 1 investors. MBK Partners are the most recent investors.
Investor Name Lead Investor Funding Round
MBK Partners Yes Post-IPO Equity