eHi Auto Services, a Shanghai, China-based car rental company, received an investment of over $100m.
Backers include Ctrip.com International Ltd. (CTRP), a large online travel agency in China, and other existing investors. Ctrip will become the second largest strategic partner after Enterprise Holdings, which invested in eHi in 2012.
Led by Ray Zhang, CEO and Founder, eHi Auto Services offers services to both corporate clients and consumers across 80 cities through more than 400 service outlets with a fleet size that exceeds 13,000 vehicles and 100 different vehicle types.
The company has received funding from Qiming, Ignition, Jafco, New Accesss, CDH, Goldman Sachs and Enterprise in the past years.