Hainan-based Yile Wulian Technology, operator of mobile car rental platform Cheka, has completed RMB 20 mln in Series A funding led by Zhonghesheng Capital Mangement with participation from Haikong Capital. This round of funding will primarily be used to establish a team for connected car management, develop new channels, and improve the company's existing products.
Cheka initially adopted a time-sharing rental model, but later partnered with automobile maker Beijing Automotive Industry Holding Company (BAIC Group) to expand its business scope, which now includes offline car rental, online car hire services, and car maintenance services.
Since its launch in 2015, the platform has amassed almost 100,000 users who are mainly based in Hainan.
Editor's Note: The company operates the Cheka app, which allows users to rent a car for several days, and also provides car hire services similar to Uber, according to the Yile Wulian website. The company also operates the Huixiang Che app, which is aimed at car owners and can track a car's fuel consumption, real-time location, and maintenance status. Yile Wulian also offers business-facing services, such as the provision of car rental management systems, electric car charging station deployment, and public vehicle management systems.