Xchange Leasing India, a vehicle leasing spinout of Uber, has received $30m from its parent company, taking its 2016 funding to $36m.
Ride ordering platform Uber invested approximately Rs 2bn ($30m) in India-based vehicle leasing service operator Xchange Leasing India between June and September this year, LiveMint reported today.
Xchange was launched as a car leasing offshoot of Uber in the US in July 2015 and now operates in India as a separate company named Xchange Leasing India Pvt Ltd. It leases vehicles to Uber drivers through partnerships with major car manufacturers and also offers financing options.
Although Xchange is officially a…
