Michelin announces investment in ride-sharing startup in China
31 Aug 2015|1,922 views
Through its Incubator Office, Michelin has invested in a China startup called Luli Information Technology, which develops and promotes a mobile application dedicated to providing innovative ride-sharing matches and services. Ride-sharing is a key component in today's increasingly multi-modal transportation ecosytem in cities.
Luli is a young startup and its core business and area of expertise is offering convenience and support for people looking for ride-sharing services, typically to commute to work places. Its strategy also aligns with the Michelin perspective of caring about people, the environment and doing the right thing.
Jean-Claude Zhang, the CEO of Luli Information Technology, said, "This investment is a unique industrial partnership in the shared economy that not only gives Luli exceptional visibility as a challenger in the market but also promising business opportunities. It also positions Luli as a responsible provider of ride-sharing services."
Philippe Barreaud, Head of Michelin's innovation incubation program in Asia commented, "This investment clearly strengthens Michelin's position as a player in the area of sustainable mobility and also creates an additional channel to promote our offering of products and services to consumers in China."
Through its Incubator Office, Michelin has invested in a China startup called Luli Information Technology, which develops and promotes a mobile application dedicated to providing innovative ride-sharing matches and services. Ride-sharing is a key component in today's increasingly multi-modal transportation ecosytem in cities.
Luli is a young startup and its core business and area of expertise is offering convenience and support for people looking for ride-sharing services, typically to commute to work places. Its strategy also aligns with the Michelin perspective of caring about people, the environment and doing the right thing.
Jean-Claude Zhang, the CEO of Luli Information Technology, said, "This investment is a unique industrial partnership in the shared economy that not only gives Luli exceptional visibility as a challenger in the market but also promising business opportunities. It also positions Luli as a responsible provider of ride-sharing services."
Philippe Barreaud, Head of Michelin's innovation incubation program in Asia commented, "This investment clearly strengthens Michelin's position as a player in the area of sustainable mobility and also creates an additional channel to promote our offering of products and services to consumers in China."
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