Matrix

Matrix Partners, established in 1977, is a prominent venture capital firm headquartered in San Francisco, California. The firm focuses on early-stage and early-growth investments, partnering with entrepreneurs to build significant, industry-leading companies. With a global perspective and local expertise, Matrix combines the insights of former entrepreneurs and experienced investors to guide its portfolio companies. The firm has a proven track record, having invested in over 500 companies, with 50 going public and 75 achieving profitable M&A exits. Notable investments include Baidu, Apple, and Oculus. Matrix invests across various sectors, including applied AI, B2B SaaS, digital health, and sustainable-defined hardware.

Ben Altshuler

Partner

Diana Kimball Berlin

Partner

Rahul Chaudhary

Venture Partner

Phyllis Doherty

Administrative Partner

Paul Ferri

Co-Founder

Liza Gurtin

Partner

Wan Haoji

Partner

Patrick Malatack

Partner

Bo Shao

Founding Managing Partner

Paul Sherer

Venture Partner

Ilya Sukhar

Partner

Sun Linghao

Managing Partner

Tong Ti

Vice President

Kevin Xiong

Partner

Past deals in Car Rental

DST Car

Series C in 2021
DiShangTie Car Rental (Shenzhen) Co., Ltd. is a company based in Shenzhen, China, specializing in the rental and maintenance of commercial electric vehicles (EVs) for passenger and cargo transportation. Established in 2015, the company focuses on the transportation and logistics sector, providing sustainable energy vehicle rental services tailored for the new energy logistics market. DiShangTie also manufactures electric car charging stations, supporting its commitment to offering green and sustainable vehicle leasing alternatives to major express logistics and urban distribution companies. Through its services, the company aims to facilitate the adoption of environmentally friendly transport solutions in China.

Klook

Series E in 2021
Klook is a global online platform facilitating the booking of travel experiences, services, and accommodations. It offers a wide array of activities such as tours, theme park tickets, cultural experiences, and adventure activities across numerous destinations worldwide. Additionally, Klook provides essential travel services like public transport passes, airport transfers, car rentals, SIM cards/eSIMs, and dining reservations to cater to various aspects of travel planning.

Klook

Series D in 2019
Klook is a global online platform facilitating the booking of travel experiences, services, and accommodations. It offers a wide array of activities such as tours, theme park tickets, cultural experiences, and adventure activities across numerous destinations worldwide. Additionally, Klook provides essential travel services like public transport passes, airport transfers, car rentals, SIM cards/eSIMs, and dining reservations to cater to various aspects of travel planning.

DST Car

Series B in 2018
DiShangTie Car Rental (Shenzhen) Co., Ltd. is a company based in Shenzhen, China, specializing in the rental and maintenance of commercial electric vehicles (EVs) for passenger and cargo transportation. Established in 2015, the company focuses on the transportation and logistics sector, providing sustainable energy vehicle rental services tailored for the new energy logistics market. DiShangTie also manufactures electric car charging stations, supporting its commitment to offering green and sustainable vehicle leasing alternatives to major express logistics and urban distribution companies. Through its services, the company aims to facilitate the adoption of environmentally friendly transport solutions in China.

DST Car

Series B in 2018
DiShangTie Car Rental (Shenzhen) Co., Ltd. is a company based in Shenzhen, China, specializing in the rental and maintenance of commercial electric vehicles (EVs) for passenger and cargo transportation. Established in 2015, the company focuses on the transportation and logistics sector, providing sustainable energy vehicle rental services tailored for the new energy logistics market. DiShangTie also manufactures electric car charging stations, supporting its commitment to offering green and sustainable vehicle leasing alternatives to major express logistics and urban distribution companies. Through its services, the company aims to facilitate the adoption of environmentally friendly transport solutions in China.

Klook

Series D in 2018
Klook is a global online platform facilitating the booking of travel experiences, services, and accommodations. It offers a wide array of activities such as tours, theme park tickets, cultural experiences, and adventure activities across numerous destinations worldwide. Additionally, Klook provides essential travel services like public transport passes, airport transfers, car rentals, SIM cards/eSIMs, and dining reservations to cater to various aspects of travel planning.

DST Car

Series A in 2018
DiShangTie Car Rental (Shenzhen) Co., Ltd. is a company based in Shenzhen, China, specializing in the rental and maintenance of commercial electric vehicles (EVs) for passenger and cargo transportation. Established in 2015, the company focuses on the transportation and logistics sector, providing sustainable energy vehicle rental services tailored for the new energy logistics market. DiShangTie also manufactures electric car charging stations, supporting its commitment to offering green and sustainable vehicle leasing alternatives to major express logistics and urban distribution companies. Through its services, the company aims to facilitate the adoption of environmentally friendly transport solutions in China.

Jizhicar.com

Series C in 2018
Jizhicar combines automobiles, the Internet, and finance, and researches and develops through technological innovation. It focuses on auto financial services. They offer online trading, offline service center, vehicle quality inspection and certification for second-hand cars, and more.

Didi

Private Equity Round in 2018
Didi Chuxing, founded in 2012 in Beijing, is a leading mobile transportation platform providing app-based services such as taxi hailing, private car-hailing, social ride-sharing, car rental, and enterprise solutions. With over 450 million users and daily orders reaching 25 million, Didi offers a variety of mobility options to optimize resource allocation through big data-driven algorithms. The company aims to address transportation, environmental, and employment challenges by collaborating with communities and partners. Acquiring Uber China in 2016, Didi has over 21 million drivers and car owners on its platform, generating income while offering convenient transportation solutions to users worldwide.

Chehaoduo

Series B in 2017
Chehaoduo designs an online car trading platform that sells used cars. Its online car trading platform directly links individual car sellers and buyers, which help buyers remove the middlemen as well as purchase used cars easily. Haoyong Yang founded Chehaoduo in 2014, with its headquarters in Beijing in China, with branches in Chinese cities such as Hangzhou and Chongqing.

Klook

Series C in 2017
Klook is a global online platform facilitating the booking of travel experiences, services, and accommodations. It offers a wide array of activities such as tours, theme park tickets, cultural experiences, and adventure activities across numerous destinations worldwide. Additionally, Klook provides essential travel services like public transport passes, airport transfers, car rentals, SIM cards/eSIMs, and dining reservations to cater to various aspects of travel planning.

Maven

Seed Round in 2017
Maven is a car-sharing service developed by General Motors, launched in January 2016 in Ann Arbor. The service offers a self-service platform that provides a diverse fleet of vehicles, ranging from small to large automobiles, accessible through a mobile application. Users can rent cars on an hourly basis and complete their trips in designated parking spaces. Maven’s pricing model includes costs for fuel, insurance, parking, and maintenance, making it a comprehensive solution for urban mobility. The company aims to continuously innovate its services and technology to enhance the user experience and meet the evolving needs of its customers.

Chehaoduo

Series B in 2017
Chehaoduo designs an online car trading platform that sells used cars. Its online car trading platform directly links individual car sellers and buyers, which help buyers remove the middlemen as well as purchase used cars easily. Haoyong Yang founded Chehaoduo in 2014, with its headquarters in Beijing in China, with branches in Chinese cities such as Hangzhou and Chongqing.

Klook

Series B in 2017
Klook is a global online platform facilitating the booking of travel experiences, services, and accommodations. It offers a wide array of activities such as tours, theme park tickets, cultural experiences, and adventure activities across numerous destinations worldwide. Additionally, Klook provides essential travel services like public transport passes, airport transfers, car rentals, SIM cards/eSIMs, and dining reservations to cater to various aspects of travel planning.

Atzuche

Series C in 2017
Atzuche is a peer-to-peer car rental start-up founded in 2014, operating a mobile application that connects car owners with customers seeking to rent vehicles. The platform facilitates the rental process by having staff pick up cars from owners and deliver them to customers. Atzuche has rapidly expanded its services, boasting three million registered users and 100,000 cars across 14 cities in China, including major metropolitan areas like Beijing, Shanghai, and Shenzhen. The user base primarily utilizes the service for day trips, with a portion renting for test drives or daily commutes. The platform also offers features for car owners to track their vehicles, monitor fuel usage, and receive alerts regarding potential damage, thus helping them optimize the use of their idle assets.

Chehaoduo

Series A in 2016
Chehaoduo designs an online car trading platform that sells used cars. Its online car trading platform directly links individual car sellers and buyers, which help buyers remove the middlemen as well as purchase used cars easily. Haoyong Yang founded Chehaoduo in 2014, with its headquarters in Beijing in China, with branches in Chinese cities such as Hangzhou and Chongqing.

Atzuche

Series B in 2015
Atzuche is a peer-to-peer car rental start-up founded in 2014, operating a mobile application that connects car owners with customers seeking to rent vehicles. The platform facilitates the rental process by having staff pick up cars from owners and deliver them to customers. Atzuche has rapidly expanded its services, boasting three million registered users and 100,000 cars across 14 cities in China, including major metropolitan areas like Beijing, Shanghai, and Shenzhen. The user base primarily utilizes the service for day trips, with a portion renting for test drives or daily commutes. The platform also offers features for car owners to track their vehicles, monitor fuel usage, and receive alerts regarding potential damage, thus helping them optimize the use of their idle assets.

Klook

Series A in 2015
Klook is a global online platform facilitating the booking of travel experiences, services, and accommodations. It offers a wide array of activities such as tours, theme park tickets, cultural experiences, and adventure activities across numerous destinations worldwide. Additionally, Klook provides essential travel services like public transport passes, airport transfers, car rentals, SIM cards/eSIMs, and dining reservations to cater to various aspects of travel planning.

Haoche51.com

Series A in 2014
It is a Beijing based online used car trading platform Haoche51.com

Atzuche

Series A in 2014
Atzuche is a peer-to-peer car rental start-up founded in 2014, operating a mobile application that connects car owners with customers seeking to rent vehicles. The platform facilitates the rental process by having staff pick up cars from owners and deliver them to customers. Atzuche has rapidly expanded its services, boasting three million registered users and 100,000 cars across 14 cities in China, including major metropolitan areas like Beijing, Shanghai, and Shenzhen. The user base primarily utilizes the service for day trips, with a portion renting for test drives or daily commutes. The platform also offers features for car owners to track their vehicles, monitor fuel usage, and receive alerts regarding potential damage, thus helping them optimize the use of their idle assets.

Ola

Series B in 2013
Ola operates a mobile technology platform that integrates city transportation for customers and driver partners in India. Its mobile application allows its customers to book a range of cabs, auto-rickshaws, bikes, and shuttle buses. Ola's mobile application allows customers to book city taxi, outstation travel, car rental, and corporate travel services. Its mobile application is available on Windows, Android, and iOS platforms. Ankit Bhati and Bhavish Aggarwal founded Ola on December 1, 2010. It has its headquarters with additional offices in Bengaluru in India.

Kuaidi Dache

Series B in 2013
Kuaidi Group, as the most technologically integrated and largest car service company in the world, is rapidly transforming the concept of moving people – starting in China. The app combines integrated mapping and third party payment technology to make its service accessible to everybody, and provides over 1 million taxis and a variety of standard and luxury cars for all lifestyles. To ensure the service fits smoothly into urban life, Kuaidi has developed a framework is that is adaptable to other platforms in China, and works in partnership with China’s government and regulators instead of against them. In a country where only 18% of per capita car ownership, Kuaidi is clearly meeting an important need. Kuaidi’s unique business model has attracted 100m registered users in over 300 cities, fulfilling 6 million requests per day. To optimize its services and go beyond customer expectations Kuaidi has secured partnerships with Alipay, Ctrip, AutoNavi, Baidu Maps, Qunar, and Beijing’s ‘96106’ government official platform.

zuzuche.com

Series A in 2011
ZuzuChe.com operates an online platform that facilitates car rental services both in China and internationally. Founded in 2011 and headquartered in Guangzhou, the company provides users with access to comprehensive car rental information, enabling searches for designated driving, car chartering, and special events across more than 200 cities in China. ZuzuChe offers a wide range of services, including overseas car rentals, local attractions, Chinese GPS, and international driver's license translation. Additionally, the platform provides various insurance options, such as car damage theft insurance and personal liability coverage. Users can also book tickets and hotels through the platform, which is accessible via a mobile application. By integrating advanced search technology and real-time pricing comparisons, ZuzuChe aims to create a convenient and user-friendly experience for travelers.
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