Zhihui’s message on June 13，B2P full-time shared car rental platform Wukong Car Rental announced the completion of tens of millions of yuan in Series A financing in May 2016，The goal is to become a leading brand in the field of self-driving travel。

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According to Hu Xianhe, CEO of Wukong Car Rental，The lead investor in this capital increase is Bojiang Capital，Luxury lineup of investors，Including many Internet celebrity investors and investment institutions in the current investment industry，respectively are Xu Xiaoping’s ZhenFund、360 Zhou Hongyi and Hu Huan’s personal investment fund、Zheng Gang’s Zihui Ventures, famous for investing in Momo and Inke、And Jinke Junchuang, which focuses on TMT and medical health as its main investment direction，Among them, Zihui Venture Capital and Jinke Junchuang were the two early angel investment institutions of Wukong Car Rental；In addition，Three of the founding team members of Wukong Car Rental also participated in this capital increase，This shows the confidence of all parties in the development of Wukong Car Rental。Added Angels of February 2015、April 2015 Angel+、Pre-A round 188bet app download financing in December 2015，Wukong Car Rental has received a total of 4 capital injections in more than a year。This is in the context of the cooling capital market，Undoubtedly rare good news。

The lead investor Fang Bojiang Capital is an investment bank with more than ten years of experience、All-round wealth management center and global Internet financial trading platform、Diversified financial services institution with global asset management，Currently in Silicon Valley、Los Angeles、Hong Kong、Zhejiang、There are layouts in Shenzhen and other places，AUM exceeds RMB 5 billion。

Winning the favor of capital many times with the new self-driving travel model

Wukong Car Rental is in the current highly competitive environment in the travel field，Can obtain such high frequency of financing，And it has attracted more and more attention from well-known investors and investment institutions，What’s the reason？For this，Hu Xianhe said，The reason why we received multiple capital injections in more than a year，Mainly because of Wukong Car Rental’s pragmatic and imaginative layout and development path in the field of self-driving travel and automobile finance，And Wukong Car Rental’s ambitious yet down-to-earth team。

Hu Xianhe put forward a rather unique perspective on the industry. He believes:

China’s car rental industry still has 20 years of golden development opportunities，But it must not be developed in the traditional car rental company model，Tens of thousands of small and medium-sized car rental companies across the country will not be able to survive independently；The scale of car rental vehicles is currently only 500,000，Nearly ten million vehicles will be needed 188bet app in the next ten years，Output value nearly one trillion yuan，Great potential；China will form at least 5 car rental companies or platforms with more than one million vehicles in the next ten years，But it’s too early for P2P personalized car sharing in China，What the car rental industry currently needs more is standardization、Professional shared car rental service；Time-sharing car rental is the future，But currently, all parties involved in the industry have not yet stepped out of the profit model；In terms of self-driving travel，The rent is reduced to 100 yuan that day，The pick-up and return time is shortened to within 10 minutes，People will generally rent cars to travel，Instead of buying a car to travel。Hu Xianhe firmly believes that as long as the car rental service is good enough，It will definitely replace the people’s choice of buying a car and traveling。

Win the market competition with to B+to C SaaS service platform + full value chain resources

About Wukong Car Rental’s development vision and development model，Hu Xianhe said: Wukong Car Rental’s vision is to become a leading brand in the field of self-driving travel，Didi in the field of driving and driving、Comparable to Uber。On development model，Wukong Car Rental is currently committed to helping tens of thousands of small and medium-sized car rental companies across the country survive and develop better，To join the chain、A win-win way to share，Become an upgraded version of Ctrip in the car rental field。Wukong Car Rental, on the one hand, exports toB+toC SaaS software service platform to small and medium-sized car rental companies across the country，Help small and medium-sized car rental companies across the country complete service standardization and mobile Internet transformation from offline to online，188bet sports betting app download Comprehensively improve user experience；On the other hand provide them from the brand、Risk Control、Violation、Car source、Financing、Insurance、Maintenance、Repair、Full value chain resources from used car disposal to user channels，Helping small and medium-sized car rental companies across the country reduce costs，Improve efficiency，Win the market competition better。

Currently，Wukong car rental service has been launched in more than 150 cities，Form the franchise aggregation effect of nearly a thousand small and medium-sized car rental companies across the country，With Ctrip、Where to go、Tuniu and other OTA platform system docking，With Yixin Capital、Jianyuan Capital and others signed a strategic cooperation agreement；With the North and South people、Audi、Volvo、General、BAIC New Energy and other manufacturers，With Sesame Credit、Koala、Pengyuan and other credit reporting platforms，Yu PICC、Peace、CPIC and other insurance companies establish close cooperative relations。

“We rent a car except Wukong，There is also Bajie Finance、The business layout of Sha Seng's car management，As for Tang Monk，That is our master，Who is the master？is our customer。Master (customer) is not satisfied，Just recite Wukong’s tight spell，Wukong has a headache。White Dragon Horse is our car。We have registered a series of trademarks around these characters。so far，It seems that no company has made a perfect commercial interpretation of the classic story of Journey to the West，We hope to do it。Journey to the West is Chinese，Also for the world。"Hu Xianhe expressed his vision for his entrepreneurial project。Maybe，This is why Wukong Car Rental 188bet sports betting app download receives continuous financing。

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