The China-based car sharing platform has increased its series A round to $20m after a $10m investment by automotive information provider Bitauto.
China-based private car sharing platform Uuzuche has extended its series A round from $10m to $20m following an investment by car information and marketing portal Bitauto on Friday.
Uuzuche obtained $10m in the round’s September 2014 first tranche, which was led by venture capital firm Lightspeed China Partners and backed by China Renaissance K2 Ventures and angel investor Wang Gang.
The company aims to create a seamless rent-and-return process whereby users can connect to a private car owner through a…
