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.
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