# Caocao Mobility

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/caocao-mobility

- Industry: Software
- Headquarters: Hangzhou, China
- Website: www.caocaokeji.cn
- Total disclosed funding: $746M
- Latest round: Series B (Sep 6, 2021)
- Investors on record: 5

## About

Founded in 2015 and based in Hangzhou, China, Hangzhou Youxing Technology Co., Ltd. operates a platform that provides car services including on-demand access drives and booking services via mobile apps. The company has branches all over the country, such as Guilin and Sanya. In June 2025, Caocao Mobility raised HKD 1.85 billion in IPO, selling 44.18 million shares at HKD 41.94 per share on the Hong Kong Exchanges and Clearing Limited, under the ticker 02643. Caocao Mobility's services includes airport transfer, translation, intercity express. The company provides private car and official commercial vehicle solutions for government and business, adopting internet, autonomous driving technology and new energy technology to create shared travel platform. Its users had exceeded 10 million in July 2021. Caocao Mobility generates revenue by providing car services. The company will use the funding raised in IPO to improve its auto solutions and service quality, launch new products, enhance technology and invest in autonomous driving, expand geographical coverage, handle borrowings and handle other corporate purposes.

## Funding rounds

- Series B, Sep 6, 2021, $590M — Soochow Venture Investment, Suzhou Xiangcheng Fund, Suzhou Urban Construction & Investment (Group), ABC International Capital
- Series A, Jan 17, 2018, $156M — Oceanpine Capital

## Investors

- Oceanpine Capital (https://capitalatlas.ai/funds/oceanpine-capital) — Series A
- Soochow Venture Investment (https://capitalatlas.ai/funds/soochow-venture-investment) — Series B
- Suzhou Xiangcheng Fund (https://capitalatlas.ai/funds/suzhou-xiangcheng-fund) — Series B
- Suzhou Urban Construction & Investment (Group) — Series B
- ABC International Capital (https://capitalatlas.ai/funds/abc-international-capital) — Series B