Tech Company Financing Transactions
OnTime Funding Round
On 4/27/2022, OnTime announced $153 million in funding from Guangzhou Automobile Co., Guangzhou Industrial Control and Guangzhou Industrial Investment and Capital Operation.
Transaction Overview
Company Name
Announced On
4/27/2022
Transaction Type
Venture Equity
Amount
$153,000,000
Round
Undisclosed
Investors
Proceeds Purpose
With the proceeds, OnTime says it will be monetizing robotaxis at a faster pace and creating a vehicle-as-a-service platform for the industry in a bid to become a global leader in autonomous driving operations.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
No. 2 Tengfei 1st St. Huangpu District Guangzhou Knowledge C 506
Guangzhou Guangdong, Undisclosed
China
Guangzhou Guangdong, Undisclosed
China
Phone
Website
Email Address
Not Recorded
Overview
Ontime (also known as Ruqi Mobility) is one of China's leading ride-hailing providers, offering a wide range of app-based ride-hailing services across the cities of China's Greater Bay Area, such as Guangzhou, Foshan, Zhuhai, Shenzhen and Dongguan.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Hua Jiang
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Where The Data Comes From
We do our best to document every notable VC transaction. VC transactions reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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