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Cao Cao Mobility, founded in 2015 and headquartered in Hangzhou, China, is a high-end car rental and ride-hailing app operating in major cities throughout the country. As a spinoff of Geely Technology Group, Cao Cao Mobility offers ride-hailing services with its own dedicated fleet of vehicles and taxis, as well as concierge services. The company aims to be a low-carbon mobility brand in China by utilizing new energy vehicles and offering carbon banking for individual and corporate users.
Since its inception, Cao Cao Mobility has expanded its operations to more than 50 cities, including Beijing, Shanghai, Guangzhou, and Shenzhen. The company has achieved notable success, ranking first in user activity among B2C platforms in several cities, including Hangzhou, Qingdao, and Chengdu. Cao Cao Mobility primarily uses Geely Auto's new energy vehicles, such as the Emgrand EV, which boasts a 450km range and zero emissions.
The company has successfully raised significant funding, with its most recent Series B round in September 2021 securing $588 million from investors including Suzhou Ventures Group and Xiangcheng Financial Holdings. This brings Cao Cao Mobility's total funding to approximately $968.86 million. In 2018, the company was valued at $1.6 billion, demonstrating substantial growth since its founding.
While there is currently no concrete information available regarding Cao Cao Mobility's IPO prospects, the company's rapid expansion, successful funding rounds, and innovative approach to sustainable transportation may position it as an attractive investment opportunity in the future. However, potential investors should keep in mind that the ride-hailing market in China is highly competitive, with established players like DiDi and emerging competitors such as AIWAYS and Shouqi Limousine & Chauffeur vying for market share.
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While Cao Cao Mobility's IPO prospects remain uncertain, investors eager to explore opportunities in the ride-hailing and mobility sector don't have to wait. At Linqto, we offer members access to interests in promising private companies before they go public. Our platform provides the opportunity to invest in potential industry leaders like Cao Cao Mobility, with lower minimum investments than traditional private equity opportunities, allowing you to diversify your portfolio and potentially benefit from the growth of emerging players in the transportation technology space.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.
