UCAR Technology

UCAR Technology, established in 2015 and headquartered in Tianjin, China, is a prominent provider of chauffeured car services. The company operates an on-demand car-hailing platform that connects customers with local licensed drivers through their smartphones. UCAR combines mobile internet technology, big data, and a fleet of quality rental vehicles to ensure safe and standardized transportation. The company's services include both chauffeured car options and vehicle rentals, with a focus on driver qualifications and vehicle conditions. UCAR employs advanced technologies to monitor driver behavior, ensuring privacy protection and efficient response to accidents, thereby enhancing the overall customer experience.

Zhengyao Lu

Founder, Chairman and CEO

5 past transactions

BORGWARD

Acquisition in 2019
Borgward Group AG is a German automobile brand which has been acquired by BAIC Group (Beijing Automotive Industry Holding Co.), one of the top-5 largest car OEM in China. It has started its business with a fleet of SUVs created with German design and engineering. With sales increasing in China and European countries, Borgward R&D Silicon Valley has recently opened in Sunnyvale, CA and our mission is to build the best AD and AI technology and deliver them to our production vehicles for an enhancement of safety in terms of self-driving, as well as user experience of our cars.

Chexingyi

Series B in 2018
Chexingyi is a mobile Internet service enterprise that provides one-stop car life service for car owners.

AutocloudPro

Series C in 2018
AutocloudPro operates an intelligent maintenance platform named "CarTongyun," which offers a comprehensive database for automobile maintenance. This platform supports nearly 2,500 vehicle models, covering a wide range of imported, autonomous, and joint venture vehicles, as well as around 150,000 vehicle types. It addresses over 80% of the models required by the domestic auto repair industry and includes detailed part data for components commonly damaged in daily collisions, encompassing over 95% of total parts. The platform enables users to quickly locate necessary parts information and provides data support for procurement, loss assessment, and out-of-factory rescue scenarios based on parameters like coding queries and original pricing. AutocloudPro aims to enhance its services by implementing direct online ordering for auto parts in the future, thus aiding maintenance providers, insurance companies, and auto parts wholesalers in their operations.

Xpeng Motors

Venture Round in 2017
Xpeng Motors is a Chinese electric vehicle and technology company that specializes in the design and manufacture of smart cars. The company emphasizes local market needs and prioritizes consumer experience, integrating advanced autonomous driving features and internet-connected technologies into its vehicles. This approach aims to enhance the overall functionality and appeal of their cars, making them more than just traditional vehicles. Additionally, Xpeng Motors has a subsidiary, Xpeng Robotics, which focuses on developing smart robots as part of its broader mobility ecosystem.

Souche

Series C in 2016
Souche, founded by Yao Junhong in December 2012, is a prominent automotive new retail platform in China. The company has attracted significant investments, raising over $1.2 billion by August 2018 from notable organizations such as Alibaba Group and Ant Financial Services Group. Recognized in the 2017 New Global Unicorns Ranking by PitchBook, Souche aims to be a central intelligence hub for the automotive industry. Over the years, it has developed an integrated automotive retail ecosystem that includes various businesses. These encompass Tangeche, an automotive financial leasing platform; Chehang168, a B2B industrial chain service platform; Cheyipai, an online used-car trading platform; and TIHD, a car-sharing service. Additionally, Souche offers SaaS products for used-car dealers through Dafengche and operates a new-car dealership network called Maicheguanjia. The company also provides ERP systems for dealership groups and integrated supply chain logistics services. Souche is often referred to as "the Alibaba of the Chinese automotive industry."
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.