On October 21st, a car rental project that submitted an IPO (IPO) application plan to the US Securities and Exchange Commission exposed its investment in fast taxis in a document: On April 21 this year, a car rental was fast. The taxi investment was $25 million.
The person in charge of the fast taxi said in an interview that the company has completed the B round of financing in April this year, with a total financing of more than 100 million US dollars. There are four investors, Alibaba leads the investment, and the rental car is the participant. one. The source also revealed that the C-round financing was completed about half a month ago, and the financing scale has exceeded the B round.
According to public information, a car rental was created in 2006 and has now received four rounds of financing. This time, the investment in fast taxis seems to be a better synergy with Ctrip.com, and it is also aimed at focusing on the development of fast-moving taxis in the commercial vehicle travel market.
According to the above-mentioned fast related sources, the O2O model of the travel platform needs to continuously integrate offline resources and has to invest a lot of money. “Unlike the pure development of other Internet companies, our cost has been invested in the offline. Although the investment is large, but the investment is large, The threshold for establishment is also high, and the market has a lot of imagination."
Previously, fast taxis and drip taxis stopped subsidies for taxis, and instead spread the money-burning war to the business car rental sector, and began to transform to the travel platform.
The aforementioned fast-related people admit that the business car service mainly provides differentiated services for the needs of high-end travellers. “The profit model in this area is very clear. As long as there is an order, it is cash flow for us. If this piece can grow rapidly, the overall profit of the company will change.â€
Senior O2O observer Huang Yuanpu said in an interview with reporters that with the huge user volume, the transformation of taxi software is an inevitable choice. “Rather than continue to invest in taxi services, it’s better to transfer resources to promising business car rentals.â€
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