CaoCao

Name

CaoCao

Legal name

杭州优行科技有限公司 (Hangzhou Youxing Technology Co., Ltd.)

Website

https://caocao.com.cn

Company type

Public

Founded year

2015

Operating status

Operating

Ownership category

akta.pro rank

Product category

Shared Mobility and Ride-Hailing Services

NAICS

Taxi and Ridesharing Services (48531), Taxi and Ridesharing Services (485310)

SIC

Services-Auto Rental & Leasing (No Drivers) (7510)

akta.pro primary industry

On-Demand Ride-Hailing Aggregators (Multi-Sided TNC Marketplaces) (TLAFAIAA)

akta.pro secondary industries

Autonomous Ride-Hailing / Robotaxi Platforms (THADADAL), Corporate / Business Travel Ride-Hailing & Ground Transport Platforms (TLAFAIAE), Ride-Hailing / On-Demand Mobility for Business (Managed Ground Transport) (TLABALAF)

Keywords

• Ride-hailing services
• Shared mobility platform
• Autonomous robotaxi
• Electric vehicle fleet
• Enterprise transportation

Headquarters

HQ city

Hangzhou

HQ country

China

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Ride-hailing Services: Core ride-hailing business providing multiple service tiers (快选, 惠选, 优选, 专车) to individual consumers through app-based platform. Revenue generated from ride transactions with commission from drivers.
2. Enterprise Transportation Solutions: B2B corporate transportation services through 曹操企业版 platform, providing government and enterprise clients with fleet management, expense controls, and reporting capabilities.
3. Vehicle Sales (曹操60): Sales of proprietary electric vehicles (曹操60, 曹操60 Pro) to fleet operators and drivers, with prices starting at RMB 129,800 for standard model and RMB 139,800 for Pro version.
4. Robotaxi Commercial Operations: Future revenue stream from Robotaxi operations as autonomous vehicle deployment scales, targeting 100,000 Robotaxis and 100,000 Robovans globally by 2030.
5. Carpooling (顺风车): Green shared mobility service connecting private car owners with passengers for cost-sharing commute and short-distance travel.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels5 records

Core offering

CaoCao operates a B2C shared mobility and ride-hailing platform using company-owned new energy vehicles, providing multiple service tiers (Express, Economy, Comfort, Premium) through its mobile app. Beyond consumer ride-hailing, the company delivers enterprise transportation management, carpooling, premium concierge (Yaochuxing), custom-designed electric vehicles (CaoCao 60), and is commercializing L4 autonomous Robotaxi and Robovan services under its RoboX strategy.

Product overview

CaoCao (曹操出行) operates as a comprehensive mobility services platform under Geely Holding Group, offering a multi-tier ride-hailing service (曹操出行) with sub-brands including 曹操企业版 for enterprise fleet management, 曹操顺风车 for carpooling, and 耀出行 for premium luxury services. The company has launched its RoboX strategy for AI-powered autonomous mobility, deploying Robotaxi and Robovan services through purpose-built vehicles like the Eva Cab and 曹操60. CaoCao Robo OS serves as the intelligent operational backbone connecting AI agents with autonomous vehicle fleets, while the Green Intelligent Transit Island and AI Innovation Center support the autonomous mobility ecosystem. The platform spans 195 cities in China and 42 countries globally, with plans to deploy 100,000 Robotaxis and 100,000 Robovans by 2030.

Differentiator

Problem solved

Functional benefit

Brands

• CaoCao Auto (曹操汽车): First shared customized vehicle brand launched in March 2023, producing purpose-built vehicles for ride-hailing including the Geely·CaoCao 60 model.
• CaoCao Enterprise (曹操企业版)
• 耀出行 (Yao Travel)

Products and services

• CaoCao Ride-Hailing (曹操出行) B2C ride-hailing mobile-app service offering four service tiers — Express (快选), Economy (惠选), Comfort (优选), and Premium (专车) — using new energy vehicles with real-time tracking, route transparency, and integrated safety features, serving 41.3 million monthly active users.
• CaoCao Enterprise (曹操企业版) One-stop enterprise vehicle-service platform providing corporate travel management, expense control, transparent trip tracking, customized approval workflows, and fleet solutions for government and corporate clients.
• CaoCao Carpool (曹操顺风车) Green shared-mobility carpooling service for commuters seeking affordable peer-to-peer ridesharing for daily commute, weekend travel, and holiday trips.
• CaoCao 60 (曹操60) Electric Vehicle Purpose-built shared-mobility electric vehicle with CLTC range ≥ 450 km, 60-second battery swap capability, advanced driver-assistance features, and 600,000 km warranty; sold to fleet operators and drivers starting at RMB 129,800.
• Robotaxi Service Autonomous L4 ride-hailing service using purpose-built vehicles, operating a 100-vehicle fleet in Hangzhou with expansion planned in Shanghai (100 vehicles in Jiading District in 2026), Hong Kong, and Abu Dhabi, with fully driverless operations including satellite SOS safety redundancy.
• Robovan Service Autonomous commercial-delivery vehicle service targeting 100,000 units deployed globally by 2030 under the RoboX strategy, focusing on AI-driven smart logistics networks for urban last-mile and commercial transportation.
• Eva Cab Purpose-Built Robotaxi China's first purpose-built native Robotaxi prototype featuring a 196-billion-parameter onboard AI model, 1,400 TOPS computing platform, 43-sensor perception suite, L4 autonomous driving, no steering wheel or front passenger seat, and automated battery swapping; service life 2-3x longer than ordinary passenger vehicles.
• Yaochuxing Premium Concierge Service (耀出行) High-end premium ride-hailing brand providing luxury transportation services with high-end NEV vehicles, bilingual concierge drivers, closed VIP spaces, and premium airport-transfer services targeted at corporate events and executive travel.

Quantifiable outcome

• Revenue increased 38% year-on-year to RMB 20.2 billion in 2025
• +8 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability12 records

Feature6 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• K2 GroupcoreStrategic or Co-development Partner · 26 June 2026Strategic cooperation agreement with K2 Group, an Abu Dhabi government-owned AI technology company, to jointly advance commercial deployment and operation of Robotaxis in UAE. K2 provides testing environments, operational infrastructure, and local resources while CaoCao supplies intelligent purpose-built vehicles, technical support, and professional training. Local testing and validation activities commenced in Abu Dhabi in 2026.
• May MobilitycoreTechnology or Integration · 25 June 2026Strategic partnership to jointly explore large-scale commercialization of Robotaxi services in international markets with focus on European deployment. CaoCao serves as fleet owner and operator while May Mobility provides its autonomous driving technology. Partnership positions CaoCao as Geely's primary platform for autonomous mobility.
• Shanghai Artificial Intelligence Research InstitutecoreStrategic or Co-development Partner · 25 June 2026Joint establishment of CaoCao Mobility AI Innovation Center as a dedicated platform for advancing AI technologies and integrating them into real-world mobility operations. Center supports RoboX strategy targeting 100,000 Robotaxis and 100,000 Robovans by 2030. Focus on fundamental research, algorithm innovation, and real-world deployment.
• BeBeBusminorStrategic or Co-development Partner · 24 June 2026Framework agreement signed to deploy child safety seats in ride-hailing fleets, expanding safety protections for young passengers.
• Geely FarizoncoreTechnology or Integration · 18 June 2026Strategic partnership to deploy 100,000 Farizon Robovan units by 2030 for AI-powered smart logistics and eco-smart city development. Geely Farizon is China's top exporter of new energy commercial vehicles operating in 64 countries.
• ByteDance (抖音集团)coreGTM or Marketing Partner · 18 June 2026Official cooperation framework agreement signed for AI mobility service integration and in-car music content recommendation. Continuous exploration of deeper cooperation in multiple areas based on technology development, market demand, and user feedback.
• Octopus (八达通)coreStrategic or Co-development Partner · 18 June 2026Strategic cooperation agreement to establish joint venture company for upgrading Hong Kong compliant ride-hailing services and promoting autonomous driving commercial operations in Hong Kong. Part of Hong Kong Robotaxi business launch as international first station for RoboX strategy.
• Shanghai International Automobile City (Group) Co., Ltd.coreStrategic or Co-development Partner · 14 May 2026Strategic cooperation agreement establishing wholly owned subsidiary in Shanghai's Jiading District to support Robotaxi operations. Plans to deploy 100 Robotaxis in Shanghai International Automobile City area in 2026, with cumulative deployment targeting 100,000 vehicles by 2030.
• Abu Dhabi Investment Office (ADIO)coreStrategic or Co-development Partner · 11 November 2025Partnership to accelerate smart mobility solutions in Abu Dhabi with CaoCao establishing regional headquarters in the emirate. Focus on commercial pilots for autonomous vehicles and battery-swap electric vehicles in coordination with relevant government entities.

Scale indicators18 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• DiDi Autonomous Driving: Didi's autonomous driving subsidiary operating Robotaxi services within Didi's ride-hailing app. Represents the most direct head-to-head competitive threat to CaoCao's RoboX strategy, combining Didi's consumer platform with autonomous technology.
• Didi Chuxing: China's dominant ride-hailing platform, operating the largest fleet across hundreds of cities with multi-tier services. Directly comparable to CaoCao in B2C ride-hailing, both serve Chinese consumers and drivers with app-based platform models.
• T3 Mobility: Backed by major Chinese automakers (Changan, Dongfeng, FAW), T3 Mobility operates ride-hailing and autonomous mobility services in China. Directly comparable as a vehicle-manufacturer-backed ride-hailing platform pursuing similar electrification and Robotaxi strategies.

Broad incumbents

• Uber Technologies: Global ride-hailing incumbent operating across multiple continents with autonomous vehicle partnerships and food delivery. Comparable as a multi-tier ride-hailing platform pursuing Robotaxi commercialization, though Uber's geographic and service breadth exceeds CaoCao's current footprint.
• Meituan: Operates Meituan Ride-hailing as part of broader on-demand local services super-app. Competes with CaoCao in consumer ride-hailing and shares enterprise mobility ambitions, though ride-hailing is just one segment within Meituan's broader portfolio.
• Lyft: US ride-hailing incumbent pursuing autonomous vehicle partnerships. Comparable as a multi-tier consumer ride-hailing platform with ongoing autonomous mobility strategy, though geographically distinct and without the same EV manufacturing integration as CaoCao.

Emerging players

• WeRide: L4 autonomous driving company with Robotaxi and Robobus operations in China and internationally (including Middle East). Comparable as a Chinese Robotaxi operator pursuing international expansion similar to CaoCao's Hong Kong and Abu Dhabi strategies.
• Pony.ai: China and US-based L4 autonomous driving company developing Robotaxi technology with commercial pilots. Directly comparable to CaoCao's RoboX strategy, though Pony.ai is technology-focused rather than operating as a vertically integrated mobility platform.
• Baidu Apollo: Baidu's autonomous driving division operating Apollo Go Robotaxi service in multiple Chinese cities. Comparable to CaoCao's Robotaxi ambitions and operates in overlapping geographies (Hangzhou, Shanghai), representing both a competitor and potential technology partner.

Others

• Geely Farizon: Geely's commercial vehicle brand partnering with CaoCao on the Robovan deployment. Comparable as a sister Geely subsidiary providing purpose-built Robovan vehicles for CaoCao's autonomous delivery and commercial mobility strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CaoCao