Caocao Zhuanche

IPO

Hangzhou, China · Founded 2015 · $745.0M raised

Headquarters
Hangzhou
Employees
1001–5000
Founded
2015
Business Model
Marketplace
Website
caocao.com
Total Funding
$745.0M
Last Round
$589.0M Series BSep 2021
Rounds
2

About

Caocao (曹操出行, formerly Caocao Zhuanche) is China's second-largest ride-hailing platform, founded in 2015 by automobile giant Geely. The company operates a fleet of purpose-built electric vehicles and is expanding into robotaxi autonomous driving, targeting 100,000 autonomous vehicles by 2030. Caocao filed for a Hong Kong IPO in 2025 at a $2.9 billion valuation.

Summary

Caocao Zhuanche is a Transportation company based in Hangzhou, China, founded in 2015. It has raised $745.0M in total across 2 rounds, most recently a $589.0M Series B round in Sep 2021. Investors include Oceanpine Capital.

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Funding History

IPOJun 2025
$236.0M

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Full funding history, per-round amounts, and investor participation.

Investors

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