China: EV rental firm PonyCar raises $22m; China Growth Capital leads Series B in PingCAP

People cross a street at Nanshan district in Shenzhen, China September 14, 2015. REUTERS/Bobby Yip

Chinese electric vehicle rental firm PonyCar has raised Series B funding led by Huiyou and Oppo. China Growth Capital has led a $15-million Series B round in Beijing-based TiDB developer PingCAP.

EV car rental firm PonyCar raises $22m

Huiyou Investment Management and Chinese smartphone vendor Oppo have led a RMB150-million ($22 million) Series B round in Shenzhen-based Letuhui Technology, an operator of electric vehicle rental platform known as PonyCar.

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