Car Rental Service Car Clubs Secured Series A Financing

Jul 30, 2013
|In Posts
|By Emma Lee
1 min read

 

Users can make reservations online by filling in when and where they'd pick a car.
Users can make reservations online by filling in when and where they’d pick a car.

Car Clubs, a Hangzhou-based car rental service, secured tens of millions of yuan in Series A financing from Incapital and Tobon VC (source in Chinese).

After receiving the capital injection, Car Clubs plans to increase its operating stations to 200 this year and add 400 cars (source in Chinese).

Founded in 2011, Car Clubs, formerly known as Evnet, adopts membership system and mainly covers the areas of communities, campus, shopping centers and squares. The operating stations of Car Clubs are more than 40 in Hangzhou.

Car Clubs members, over 5,000, can take and return the cars by themselves with member cards at parking stations. The transactions are conducted without help of working staffs, saving the labor costs. The renting fees are charged by hours based on different types of cars and settled automatically by scanning the member cards. The minimum renting fee of Car Clubs in rush hours is 50 yuan, lower than taxi fees.