Cao Cao Mobility
Founded Year
2015Stage
Series B | AliveTotal Raised
$968.86MLast Raised
$588M | 2 yrs agoAbout Cao Cao Mobility
Cao Cao Mobility aka CAOCAO is a high-end car rental and ride-hailing app operating in major cities throughout China. Cao Cao Mobility is a spinoff of Geely Technology Group. Cao Cao Mobility offers ride-hailing with its own dedicated fleet of vehicles and taxis, concierge services, It aims to be a low-carbon mobility brand in china to use new energy vehicles and offer carbon banking for individual / corporate users . Cao Cao primarily uses Geely Auto’s new energy vehicles, including the Emgrand EV which has a 450km range. The extremely efficient Emgrand EV puts out zero emissions and zero pollution providing a superior ride experience for drivers and passengers. Currently, Cao Cao is available in more than 50 cities, including Hangzhou, Beijing, Shanghai, Guangzhou, and Shenzhen. Based on providing “quick, comfortable and efficient” mobility solutions, Cao Cao Mobility has been ranked first in user activity among B2C platforms in Hangzhou, Qingdao, Ningbo, Chengdu, Tianjin, Taiyuan and other cities.
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Expert Collections containing Cao Cao Mobility
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Cao Cao Mobility is included in 3 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,228 items
Auto Tech
1,408 items
Companies developing battery electric vehicles (BEVs) and fuel cell vehicles (FCEVs) as well as companies working on improvements to battery design, building out charging infrastructure, and launching EV sharing services to help accelerate adoption.
Mobility-as-a-Service
613 items
Companies developing solutions to streamline the way people move themselves. Includes companies providing on-demand access to passenger vehicles and micromobility solutions as well as companies integrating multiple modes of transport, including public transit, into one service.
Latest Cao Cao Mobility News
Sep 11, 2021
Cao Cao Mobility Seeks to Gain Ground as it Raises Series B, While Didi Global Toils Posted on 09/11/2021 Cao Cao Mobility is the ride-hailing unit of Chinese automaker Geely Automobile Holdings. Cao Cao Mobility raised 3.8 billion CNY (US$ 589 million) in a Series B round. Suzhou Xiangcheng Financial Holding Group, an investment company backed by the Xiangcheng district government of Suzhou, led the Series B round along with Suzhou High-Speed Rail New City Group and three other state-controlled enterprises. The largest competitor to Cao Cao Mobility is Didi Global, the Chinese ride-hailing app. Listed company Didi Global is currently under cybersecurity investigation by the Chinese government and has been temporarily removed from Chinese app stores. Cao Cao Mobility is currently available in 62 cities in China. There is a possibility that state-owned Beijing Tourism Group and other companies based would invest in Didi Global and take a golden share with veto power and a board seat. Get News Stories Delivered to Your Inbox Your Email:
Cao Cao Mobility Frequently Asked Questions (FAQ)
When was Cao Cao Mobility founded?
Cao Cao Mobility was founded in 2015.
Where is Cao Cao Mobility's headquarters?
Cao Cao Mobility's headquarters is located at Hangzhou.
What is Cao Cao Mobility's latest funding round?
Cao Cao Mobility's latest funding round is Series B.
How much did Cao Cao Mobility raise?
Cao Cao Mobility raised a total of $968.86M.
Who are the investors of Cao Cao Mobility?
Investors of Cao Cao Mobility include Suzhou Ventures Group, Xiangcheng Financial Holdings, Geely, Zhongrong International Trust and People Electrical Appliance Group China.
Who are Cao Cao Mobility's competitors?
Competitors of Cao Cao Mobility include AIWAYS and 7 more.
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Compare Cao Cao Mobility to Competitors
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