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Investment Firm
Overview
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.
Highlights
2007
Automotive
10001+
2
1
1
Early Stage Venture
N/A
Location
Asia
Contact Information
Social
Profile Resume
CAR, established in 2007 and headquartered in Asia., specializes in Early Stage Venture investments across Transportation, Automotive, Car Sharing, Financial Services, Venture Capital, Finance, Enterprise Software, Banking, Wealth Management, Personal Branding. The organization boasts a portfolio of 2 investments, with an average round size of $400.0M and 1 successful exits. Their recent investments include UCAR, Warburg Pincus, Legend Capital, Credit Suisse. The highest investment round they participated in was $43.2B. Among their most notable exits are UCAR and Warburg Pincus. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.
Employees
N/A
Investment portfolio
2
0
1
1
Investments
2
Annouced Date | Organization Name | Industry | Money Raised |
---|---|---|---|
Jul 02, 2015 | UCAR | Transportation | 250.0M |
Sep 17, 2015 | UCAR | Transportation | 550.0M |
Exits
1
Funding Timeline
2
5
0
Funding Rounds
2
CAR has raised 2 rounds. Their latest funding was raised on Sep 17, 2015 from a Series B - UCAR round.
Annouced Date | Transaction Name | Number of Investors | Money Raised | Lead Investor |
---|---|---|---|---|
Jul 02, 2015 | Series A - UCAR | - | 250.0M | - |
Sep 17, 2015 | Series B - UCAR | - | 550.0M | - |
Investors
8
CAR is funded by 8 investor(s). MBK Partners and BAIC Group Kantor are the most recent investors.
Investor Name | Lead Investor | Funding Round | Money Raised |
---|---|---|---|
Warburg Pincus | Yes | Private Equity Round - CAR | 200.0M |
Warburg Pincus | Yes | Post-IPO Secondary - CAR | 145.0M |
BAIC Group | Yes | Post-IPO Secondary - CAR | 180.6M |
MBK Partners | Yes | Post-IPO Equity - CAR | 228.3M |
Fund raised
2
Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.
Annouced Date | Fund Name | Money Raised |
---|---|---|
May 10, 2013 | OTPPLESS | 1.0M |
May 11, 2013 | OTPPLESS | 1.0M |
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