What is GoFun?
GoFun, operated by Beijing Shouqi Zhihang Technology Co., Ltd. and a subsidiary of Shouqi Group, is a pioneering new energy shared car service. The company leverages cutting-edge technology and a vast fleet of over 30,000 new energy vehicles across more than 65 cities in China, positioning itself as one of the largest car-sharing platforms globally. GoFun's mission is to provide convenient, green, and economical mobility solutions, addressing fragmented user needs while contributing to reduced traffic congestion and pollution. Backed by industry giants like Shouqi Group, Beijing Tourism Group, and Volkswagen Group, GoFun combines extensive operational experience with innovative technology to serve over 6 million customers.
How much funding has GoFun raised?
GoFun has raised a total of $17.1M across 2 funding rounds:
Series A
$1.9M
Series B
$15.2M
Series A (2017): $1.9M with participation from Chery Automobile and Volkswagen Group
Series B (2020): $15.2M led by Chery New Energy
Key Investors in GoFun
Chery Automobile
Chery Automobile, operating through cheryinternational.com, is a significant automotive manufacturer that has invested in GoFun, likely seeking to expand its presence in the new energy vehicle and shared mobility markets.
Volkswagen Group
Volkswagen Group, a global automotive leader, has provided backing to GoFun, indicating a strategic interest in the evolving landscape of mobility services and the potential of China's shared electric vehicle sector.
Chery New Energy
Chery New Energy, a specialized division of Chery, has participated in GoFun's funding rounds, highlighting a focus on advancing electric vehicle technology and its integration into shared mobility platforms.
What's next for GoFun?
With its recent major strategic investment and a history of significant capital infusion, GoFun is poised for accelerated expansion and technological advancement. The company's focus on new energy vehicles and car-sharing aligns with global trends towards sustainable transportation. Future strategies will likely involve further fleet expansion, enhancement of its app-based user experience, and potentially exploring new urban mobility solutions. The backing from established automotive and tourism groups provides a strong foundation for GoFun to continue its growth trajectory and solidify its leadership in China's burgeoning shared mobility market.
See full GoFun company page
