Shenzhou Car Rental just announced that it participated in the B-round financing of Shenzhou Special Vehicle Operation Co., Ltd. (hereinafter referred to as “UCAR Technologyâ€), and invested USD 50 million in it. The announcement shows that the scale of the B-round financing of Shenzhou Special Vehicle reached 5.5. One hundred million U.S. dollars.
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The Shenzhou Special Vehicle confirmed that it had completed the financing in an interview with Xinhuanet, and said that the company's valuation was $3.55 billion after the current round of investment. It is understood that UCAR Technology completed the $250 million Series A financing on July 1 this year. After two and a half months, it completed another $550 million B round of financing. A and B completed a total of 800 million U.S. dollars in financing, creating The highest record of the first two rounds of financing for domestic Internet companies.
According to reports, the Shenzhou special car is different from the C2C car platform that Uber, Didi and other private cars are connected to. The vehicles used are from Shenzhou car rental and other third-party leasing companies. The drivers are strictly screened and specialized training, and the B2C mode is high-profile. The difference strategy between “safety†and standardized services. In marketing, Shenzhou special vehicles continue to carry out high-value recharge concessions, and now re-push the "100 to 80" discount to promote the "not only safe, cheaper" theme. According to the latest data from Analysys International, after more than 7 months of development, Shenzhou Special Car has become one of the top three mobile travel service platforms in China, and has become the leading brand in the high-end private car market, leading the customer retention rate to Didi and Uber.
According to the latest news, the “Measures for the Administration of Network Car Rental†(the “New Dealâ€), which was led by the Ministry of Communications, will be the fastest or will be introduced this month. This method clearly reaffirms the prohibition of private cars to be used as a special car, and Platforms, drivers, prices and services, etc., set clear requirements for regulation. Industry insiders said that the introduction of this management method will greatly benefit the Shenzhou special car.
The competition in the private car market is fierce. Uber Didi and the Shenzhou special car, the Three Kingdoms are killing, and each family is competing for financing. Didi just announced the completion of a new round of $3 billion in financing, Uber's financing news is also frequently seen in the newspaper, and the first easy-to-use car in this market seems to have no financing. With only eight months of company history, the Shenzhou special vehicle has completed a huge financing of 800 million U.S. dollars in two and a half months. Its financing speed is comparable to that of Uber China, which shows investors' preference for its differentiated development model.