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Ruqi Mobility
Transportation · Guangzhou, China · Founded 2019
Robotaxi operator MoreLess
Ruqi Mobility, operating as OnTime, is a strategic subsidiary of the Chinese state-owned automaker GAC Group, established in June 2019. Conceived from a collaboration between GAC Group and Tencent, the company launched with significant initial investment from its founders and Guangzhou Public Transport Group. Jiang Hua serves as the CEO, guiding the company's focus from traditional ride-hailing towards autonomous driving operations.
The company functions as a comprehensive mobility-as-a-service (MaaS) platform, primarily serving users in China's Greater Bay Area, including major cities like Guangzhou, Shenzhen, and Dongguan. Its business model encompasses several verticals: mobility services, technical services, and ecological services. The core offering is its app-based, AI-powered ride-hailing service which allows users to book various types of rides by providing location and destination details. A significant differentiator is its push into autonomous mobility, where it is developing an open platform for robotaxis. In a move toward commercialization, Ruqi has initiated a hybrid operational model that integrates both human-driven vehicles and autonomous robotaxis, dispatching the most suitable option based on a back-end system's analysis of wait times and routes. Revenue is generated from these ride services, though the company has reported net losses as it invests heavily in growth and technology.
Ruqi Mobility offers a multi-faceted service portfolio that includes online ride-hailing, robotaxi services, and car services. The platform has strategically partnered with leading autonomous driving technology companies like WeRide and Pony.ai, who are also investors, to accelerate the development of its robotaxi fleet. This fleet is intended to expand significantly, supported by a connected vehicle-to-everything (V2X) network. Beyond passenger transport, the company provides technical solutions such as AI data models and high-precision maps, and ecological services that support drivers and capacity franchisees, covering vehicle sales, maintenance, and repair. A key milestone was the launch of its unmanned robotaxi service for commercial demonstration in Guangzhou, a first for a ride-hailing platform in China. The company has pursued public listing to fund its ambitious expansion in autonomous driving research and development.
Keywords: ride-hailing, robotaxi, autonomous vehicles, mobility-as-a-service, GAC Group, Tencent, Greater Bay Area, smart mobility, V2X, electric fleet, autonomous driving platform, shared mobility, commercial autonomous vehicles, mobility services, AI data solutions, high-precision maps, car services, OnTime Mobility, Jiang Hua, Pony.ai, WeRide
Company overview
Ruqi Mobility company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2019
- Headquarters
- Guangzhou, China
- Employees
- 28
- Open positions
- 5
- Dealroom signal
- 90.5
Valuation & funding
Ruqi Mobility funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| IPOOther financing | Jul 2024 | $134M | $134M | Undisclosed | ↗ |
| SERIES BOther financing | Jun 2023 | $116M | $688M | Undisclosed | ↗ |
| SERIES AOther financing | Apr 2022 | $138M | $550M | Pony.ai · Sparx Ventures · Ruisheng Asia · Lingnan Business Travel Group | ↗ |
| SEEDOther financing | Dec 2021 | — | — | WeRide | ↗ |
| EARLY VCOther financing | Apr 2019 | $28M | $110M | Pearl River Investment · Tencent | ↗ |
Financials
Revenue and workforce over time
Available revenue and workforce history. Fields without reported data are omitted.
| Year | Revenue | Growth | Employees |
|---|---|---|---|
| 2026 | $727M | 0% | 28 |
| 2025 | $727M | +114.6% | 24 |
| 2024 | $339M | +14% | 18 |
| 2023 | $297M | +58% | 20 |
| 2022 | $188M | +34.9% | — |
| 2021 | $139M | — | — |
Growth signals
Ruqi Mobility website traffic
Latest recorded traffic for Ruqi Mobility is 74K monthly website visits, down 32.7% over the last three months. Ruqi Mobility's team grew 16.7% over the past year.
Hiring
Open positions at Ruqi Mobility
Current openings linked to this company in Dealroom.
Comparisons
Ruqi Mobility compared with similar companies
Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.
| Company | Headquarters | Status | Employees | Total funding | Valuation |
|---|---|---|---|---|---|
VoyageBuilds and deploys self-driving taxis |
Palo Alto, United States | Acquired | 173 | $46M | $124M |
nuTonomyDevelops software for self-driving vehicles |
Boston, United States | Acquired | |||
Ghost AutonomyReal self-driving on highways |
Mountain View, United States | Closed | |||
VulogS.The leading tech provider for shared mobility solutions |
Nice, France | Operational | |||
EasyMileBringing driverless vehicle solutions for people and goods to life with leading technology that provides a real service |
Toulouse, France | Operational | |||
DWGDWG Innovation Ecosystem - Designing the Next Industrial Architecture for Fortune 100, G7 Economies, the US, and Allies |
Chicago, United States | Operational | |||
T3 GoRide-hailing platform offering AI-powered, safety-focused mobility services across over 120 cities |
Nanjing City, China | Operational | |||
AVILOOSetting the standards for Electric Vehicle (EV) battery diagnostics |
Gemeinde Laxenburg, Austria | Operational |
Talent graph
Ruqi Mobility's talent
Source: Dealroom Talent Intelligence.
Global footprint
Where Ruqi Mobility has talent and traffic
team presence
In the news
Latest news about Ruqi Mobility
Recent press, funding announcements, and product moves mentioning Ruqi Mobility — open to read from the original sources.
Market sentiment
What the market is saying about Ruqi Mobility
An AI-synthesized read of the highest-engagement posts about Ruqi Mobility on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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