Geely's new energy vehicle rental service has pulled in $96.7m in series A funding from investors including Ningbo Yincheng Group.
Xiaolinggou, a China-based clean vehicle rental service spun off by automotive manufacturer Zhejiang Geely Holding Group, has closed a RMB688m ($96.7m) series A round, 36Kr reported yesterday.
The round included state-owned infrastructure developer Ningbo Yincheng Group and an entity called Hangzhou Puzhao Technology.
Formed in 2018 as a subsidiary of electric vehicle producer Geely, Xiaolinggou operates a mobile app-based service that allows users to rent vehicles from its parent as well as carmakers like Tesla, BYD and SAIC.
The platform…
