# Shanghai Better Sharing Information & Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shanghai-better-sharing-information-technology-co

- Industry: Transportation Services
- Headquarters: Shanghai, China
- Website: www.atzuche.com
- Total disclosed funding: $130M
- Latest round: Series C (Aug 31, 2017)
- Investors on record: 11

## About

Shanghai Better Sharing Information & Technology Co., Ltd operates a comprehensive car rental platform, providing a wide variety of vehicles to meet diverse consumer needs across China, enhancing user convenience in urban transportation.Founded in 2013 and headquartered in Shanghai, China, Shanghai Better Sharing Information & Technology Co., Ltd focuses on providing car rental solutions. The company has engaged in a total of 9 deals, with the latest being a SERIES C funding round in September 2020, raising CNY 400.000 mn from investors including China Capital Management and Hearst Ventures. The company was co-founded by Weiyu Chen and Wenjian Zhang, who continue to lead its operations as CEO.???? operates as a comprehensive car rental platform that provides a diverse range of vehicle options to meet varying consumer needs across nearly 300 cities in China. Their primary offerings include an extensive selection of over 10,000 car models, catering to different scenarios such as daily commuting, short trips, luxury experiences, and family outings. The platform emphasizes user convenience and safety, particularly in light of recent global health concerns, positioning itself as a preferred choice for travelers seeking privacy and security in their transportation solutions. The customer base includes individual users, businesses, and families, primarily targeting urban populations in metropolitan areas like Shanghai, Beijing, and Guangzhou.Revenue generated by ???? is primarily derived from transactional rentals, with customers paying for vehicle usage based on timeframes and mileage. The company structures its pricing around various rental plans, including hourly, daily, or weekly rates. In addition, the platform may engage in B2B arrangements, partnering with local businesses to provide corporate transportation solutions. Rental fees vary by vehicle type, catering to a wide market segment, while a transparent pricing model fosters customer trust and satisfaction.In September 2020, Shanghai Better Sharing Information & Technology Co., Ltd raised CNY 400.000 mn in a SERIES C funding round to support its future growth initiatives. The company aims to expand its vehicle offerings and introduce new features to enhance user experience. Plans for geographic expansion target additional cities across China, enhancing their presence in urban markets. This funding will facilitate the development of innovative rental solutions and bolster marketing efforts to capture a broader customer base.

## Funding rounds

- Series C, Aug 31, 2017 — Shanghai Guohe Capital
- Series C, Aug 31, 2017 — Shanghai Guohe Capital
- Series C, Feb 23, 2017, $58M — ChinaEquity Group, China Pacific Insurance (Group) Co. Ltd., Hearst Ventures, Ivy Capital, China Capital Management, MPC, Hangzhou Finance and Investment Group
- Series B, Jul 3, 2016, $15M — China Pacific Insurance (Group) Co. Ltd., China Fund Management, Panda Capital
- Series B, Nov 30, 2015, $47M — Ceyuan Ventures, China Pacific Insurance (Group) Co. Ltd., Hearst Ventures, Ivy Capital, MPC
- Series A, Oct 1, 2014, $10M — Ceyuan Ventures, MPC

## Investors

- Ceyuan Ventures (https://capitalatlas.ai/funds/ceyuan-ventures) — Series A, Series B
- MPC — Series A, Series B, Series C
- China Pacific Insurance (Group) Co. Ltd. — Series B, Series C
- Hearst Ventures (https://capitalatlas.ai/funds/hearst-ventures) — Series B, Series C
- Ivy Capital (https://capitalatlas.ai/funds/ivy-capital) — Series B, Series C
- China Fund Management — Series B
- Panda Capital (https://capitalatlas.ai/funds/panda-capital) — Series B
- ChinaEquity Group (https://capitalatlas.ai/funds/chinaequity-group) — Series C
- China Capital Management (https://capitalatlas.ai/funds/china-capital-management) — Series C
- Hangzhou Finance and Investment Group — Series C
- Shanghai Guohe Capital (https://capitalatlas.ai/funds/shanghai-guohe-capital) — Series C