Caocao Mobility
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Caocao Mobility - overview
Established
2015
Location
Hangzhou, Zhejiang, China
Primary Industry
Software
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.
Current Investors
Zhongrong Prosper AMC, People Electric Group, Oceanpine Capital
Primary Industry
Software
Sub Industries
Consumer Services, Car Hire Services, Analytics & Performance Software
Website
www.caocaokeji.cn
Verticals
Electric & Hybrid Vehicles, Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
Caocao Mobility - financials
| Fiscal Year Ended | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|
| Revenue (USD) | - | - | - |
| % Revenue Growth (YoY) | - | - | - |
| EBITDA (USD) | - | - | - |
| Operating Income (USD) | - | - | - |
| Operating Margin | - | - | - |
| % EBITDA Margin | - | - | - |
| NET Income (USD) | - | - | - |
| % Net Margin | - | - | - |
Caocao Mobility - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Announced | StarRises | - | ||||||||
| Add-on | Announced | Geely Travel | - |
Displaying 1 - 2 of 2
Caocao Mobility - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chief Executive Officer & General Manager | BM | ||||||
| 董事长 | BM |
BM Board Member
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