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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

Valuation $100–500M
Revenue $500M–1B
Headcount <100
Total funding $100–500M
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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
client focusb2btechnologyArtificial Intelligenceclient focusb2ctechnologyAutonomous & Sensor Techsub industryMobilitysectorCore AIsectorAutonomous MobilitysectorRide-HailingsectorAI ApplicationsindustryTransportation

Valuation & funding

Ruqi Mobility funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
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
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Financials

Revenue and workforce over time

Available revenue and workforce history. Fields without reported data are omitted.

YearRevenueGrowthEmployees
2026 $727M 0% 28
2025 $727M +114.6% 24
2024 $339M +14% 18
2023 $297M +58% 20
2022 $188M +34.9%
2021 $139M
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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.

Latest monthly visits74K 3-month web change-32.7% 1-year team growth+16.7%
Monthly website visits67 observations · Nov 2020–Jul 2026
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Comparisons

Ruqi Mobility compared with similar companies

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Talent graph

Ruqi Mobility's talent

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Team profiled 2 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

9 investors on Ruqi Mobility's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Seed 1 investor entered at this stage
WeRide
Series A 8 investors entered at this stage
Pearl River Investment
Tencent
Pony.ai
Sparx Ventures
Ruisheng Asia
Lingnan Business Travel Group
Guangzhou Industrial Investment Fund
Industrial Control Capital

Global footprint

Where Ruqi Mobility has talent and traffic

Workforce by country
2 countries with
team presence
🇨🇳 China87.5%
🇭🇰 Hong Kong12.5%
2 countries shown

In the news

Latest news about Ruqi Mobility

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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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