Electric vehicle developer Zhihe Chuxing has led a $37.8m series C round for Ponycar, which has now raised about $83m in just over a year
China-based electric vehicle (EV) rental services provider Ponycar has closed a RMB250m ($37.8m) series C round led by EV developer Zhihe Chuxing, China Money Network (CMN) reported yesterday.
Founded in October 2016, Ponycar operates an app-based EV rental service that allows users to locate nearby available vehicles and pay for rentals that can last from a few minutes up to several weeks.
Ponycar currently has more than 3,000 vehicles available to rent in the Chinese cities of Shenzhen, Guangzhou, Beijing…
