Central regions | Transport, logistics | Finance, business

Russian IT giant invests in car sharing

26 Aug '19
Mail.ru Group, a large Russian IT company, has partnered with VCs from Proxima Capital to acquire a controlling stake in YouDrive, a Russian transportation service platform. The deals value has yet to be disclosed, Firrma.ru reported.

The transaction covers YouDrives car sharing, a short-term car rent service for taxi fleets called YouDrive Business, and YouDrive Pool, YouDrives arm for car sharing management. As of August 2019, service users have access to more than 2,500 vehicles, and the partners in the deal want to increase the number to at least 10,000 within a year.

YouDrive expects to use the money to support its organic growth, stepping up deep data analysis and improving car fleet management.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations:

Tags: Mail.ru Group (15) / car sharing (1) / YouDrive (0) /

Latest News: Central regions
18 Sep '19 | Technology & innovation
18 Sep '19 | Finance, business
17 Sep '19 | Technology & innovation
17 Sep '19 | Finance, business | Technology & innovation
 

Feature stories

25 Jul '19
Russian scientists have come up with a new method of...
26 May '19
This article has been written by Carl Burch, an MBA,...
4 Apr '19
Russian scientists have come up with what they say is...
Search (News archive - 21470)
Advertising
Vox_Angelis
Advertising
NATT
Advertising
Venture_Russia_2018
Advertising
Marchmont News

Latest News

18 Sep '19
Vitalik Buterin, the co-founder of the Ethereum...
17 Sep '19
Rostelecom, the national telecom operator, is...
16 Sep '19
OCSiAl, a large developer of Russian single-walled...

Most read stories from last week

16 Sep '19
OCSiAl, a large developer of Russian single-walled...
17 Sep '19
Rostelecom, the national telecom operator, is...
18 Sep '19
Vitalik Buterin, the co-founder of the Ethereum...