CaoCao Mobility agrees CNY1.8B Series B at CNY17B pre-money
CaoCao Mobility entered its Series B financing agreements for approximately CNY1.8 billion at an exact CNY17 billion pre-money valuation.
Evidence notes
- The issuer prospectus reports CNY17 billion pre-money.
- Three independent investors subscribed CNY1.4 billion, CNY100 million and CNY300 million, respectively.
- The investment agreements were signed on August 16, 2021.
Company context
CaoCao Mobility is a Geely-backed, Hong Kong-listed mobility operator spanning ride-hailing, robotaxi and autonomous freight services. Founded in Hangzhou in 2015, it integrates purpose-built vehicles, dispatch software, fleet operations and new-energy infrastructure. Its RoboX strategy extends this stack into Robovan logistics through vehicle sales, leasing and recurring robotics-as-a-service capacity.