China P2P car-sharing site uuzuche raises $10m
Uuzuche.com, a Chinese peer-to-peer (P2P) car-sharing platform backed by Lightspeed China Partners, has raised $10 million in a Series A+ round of funding from Bitauto, a Chinese auto information web portal.
Established in early 2014, uuzuche focuses solely on P2P services, claiming to undercut traditional car rental costs by 30%. Car owners and drivers join the company's membership program through a UU-rental...
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