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Yidao

yongche.com

Founded Year

2010

Stage

Unattributed | Alive

Total Raised

$175M

About Yidao

Yidao focuses on providing chauffeured rental car services via its web and mobile app platforms. It now covers 77 Chinese cities, and 24 cities overseas including New York, Tokyo and London.

Headquarters Location

20th Floor, Block A, Wanhao Center, Jianguomen South Street No.7 Dongcheng District

Beijing, Beijing,

China

4000500090

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Expert Collections containing Yidao

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Yidao is included in 1 Expert Collection, including Mobility-as-a-Service.

M

Mobility-as-a-Service

608 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 Yidao News

Founder of Ride-Hailing Platform Yidao Yongche Becomes Chairman of Caocao Mobility

Apr 8, 2022

Zhou Hang (Source: Geekcar) Zhou Hang, the founder of Chinese ride-hailing platform Yidao Yongche, has become the chairman of Caocao Mobility, Jiemian News learned from sources on Thursday. Zhou himself has confirmed this appointment. Zhou said that he left VC institution Shunwei Capital in June last year, although he has not yet disclosed his specific responsibilities at Caocao Mobility, only emphasizing that the ride-hailing platform is still operated by a core team led by the CEO. Yidao Yongche was established in May 2010, two years before the country’s current industry leader, Didi, once occupying the largest market share in 2014. However, during the online car-hailing subsidies war, it chose to pursue cautious financing and avoid the popular strategy of pouring in significant capital, leading to a smaller market share. More importantly, Yidao Yongche accepted the strategic investment of LeEco in 2015, allowing the latter to acquire 70% equity and become the controlling shareholder. Subsequently, LeEco began to send senior executives to Yidao Yongche, while Zhou gradually moved away from the specific business management of the company. The founding team, mainly represented by Zhou Hang, officially resigned from Yidao Yongche in April 2017. At the same time, Zhou joined Shunwei Capital as an investment partner. Caocao Mobility is a strategically-invested business of major Chinese vehicle maker Geely. Caocao’s business line includes online ride-hailing, intra-city services and others. By the end of 2021, Caocao had covered more than 60 cities in China, with more than 600,000 registered drivers. In terms of its operations, Gong Xin, general manager of Caocao Mobility, said in an interview in September last year that its order volume had doubled in the past three months. In some larger cities, Caocao’s market share is close to 20%. In response to recent rumors of being acquired by Didi, Caocao said to STCN.com that the reports were false, and that the business development has entered the fast lane since the completion of a round B financing in September of last year. The company added that it will make new business progress in the near future.

Yidao Frequently Asked Questions (FAQ)

  • When was Yidao founded?

    Yidao was founded in 2010.

  • Where is Yidao's headquarters?

    Yidao's headquarters is located at 20th Floor, Block A, Wanhao Center, Jianguomen South Street No.7, Beijing.

  • What is Yidao's latest funding round?

    Yidao's latest funding round is Unattributed.

  • How much did Yidao raise?

    Yidao raised a total of $175M.

  • Who are the investors of Yidao?

    Investors of Yidao include Taoyun Capital, Hemei Group, LeEco, GIC, 5Y Capital and 6 more.

  • Who are Yidao's competitors?

    Competitors of Yidao include Uber and 2 more.

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ingogo

ingogo provides a mobile app that automatically locates and pings all the nearby taxi drivers with job requests.

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Drivon

Drivon is the operator of Drive, a France-based provider of limo and taxi services.

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Blacklane

Blacklane provides a chauffeur portal to connect people to professional chauffeurs via their mobile app, website, and hotline. It develops an online luxury chauffeur designed to offer carbon-neutral vehicles for traveling. The company was founded in 2011 and is based in Berlin, Germany.

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RideCharge

RideCharge, formerly TaxiMagic, dba Curb, connects users to safe, reliable rides from professional drivers. Download Curb for iPhone or Android to request a ride with the tap of a button, track a driver's arrival and pay fares seamlessly.

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