iCarClub Announces Expansion Plans for 2013

According to TechInAsia.com on March 8, iCarsClub, a peer-to-peer marketplace for renting cars in Singapore, raised $482,000 from Red Dot Ventures to expand its operations to major cities in China, including Beijing and Shanghai.

The company’s goal in 2013 is to increase the amount of cars in its marketplace to 1,000 and reach 5,000 members.

iCarsClub launched in 2012 in Singapore. Currently, the company has 3,000 members in its database with more than 300 cars available.

View the full article from Tech in Asia by clicking on the URL:
http://www.techinasia.com/icarsclub-funding-expand-china/

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Another Ridiculous “Used Fleet Vehicle” Scandal

While media reports concentrate on the sting and the “outrage,” where’s the empirical evidence that fleet vehicles are less mechanically sound than vehicles sold from private owners?

Will IoT Herald a New Era in Fleet Efficiency?

With the ELD rule finally in effect, small fleet operators need to hunt for new efficiencies. In transportation logistics, Internet of Things (IoT) systems could have similar lasting impacts as telematics.

Will Cars Become Transportation Appliances?

The cars are still the stars, but this year’s L.A. Auto Show revealed an auto industry at a crossroads.

Job Finder: Access Top Talent. Fill Key Positions.

>