Overview
Investors 1
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Funding Rounds 1
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Mentions in press and media 5
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| Jul 11, 2017 | China’s Largest Auto Insurer Invests $350M in Uber-Like Ucar | People’s Insurance Company of China (PICC) has invested $350M in ride-hailing service Ucar , an Uber-like company and a prominent rival of Didi. This brings the company’s total investment to date to $2.4B. BTW, Alibaba is also a backer. For... |
| Jun 7, 2017 | PICC Asset to invest up to $353m in China’s UCAR Group | Premium PICC Asset Management, a subsidiary of People’s Insurance Company of China, has agreed to acquire not exceeding 142.67 million shares in a mobile app-based chauffeurs car service UCAR Group, worth up to RMB2.4 billion ($353 million)... |
| Mar 3, 2017 | Term Sheet — Friday, March 3 | SNAP, CRACKLE, POP Good morning, Term Sheet readers. Today’s guest column, from Fortune writer Jen Wieczner, is a comprehensive look at the tech company on everyone’s tongues this week: Snap Inc. Paid Content How can you protect what you ca... |
| Mar 2, 2017 | China’s taxi on-demand war reignited: Didi rival UCAR is raising $1 billion | Editor’s note: This post originally appeared on TechNode, an editorial partner of TechCrunch based in China. Didi Chuxing’s deal to acquire Uber China seemingly left the Chinese ride-hailing giant as the last man standing and therefore sole... |
Reviews 0
FAQ about UCAR
When was UCAR founded?
UCAR was founded in 2015.
How much funding has UCAR raised?
UCAR has raised $1B in total across 1 funding round.
What has the press written about UCAR?
Parsers VC has collected 5 articles mentioning UCAR, among them “China’s Largest Auto Insurer Invests $350M in Uber-Like Ucar” (Jul 11, 2017) and “PICC Asset to invest up to $353m in China’s UCAR Group” (Jun 7, 2017).
Is UCAR still active?
Yes, UCAR is active; its latest activity on Parsers VC dates from Apr 26, 2019.