Car Clubs enters the fast lane
Bicycles are thje kings of the road in Hangzhou. Following a program that was successfully introduced in Paris, the city in China's Zhejiang province has made a stock of about 66,500 bicycles available for hire. Journeys begin at one of 2,700 stations spread throughout the city - each no more than 1,000 feet apart - and end at another.
Car Clubs, a Hangzhou-based car rental operator, has a similar goal: to make its vehicles available anywhere and at anytime. The two-year-old company last week received a Series A round of funding,...
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