Wukong

“We love business ideas that disrupt and disintermediate traditional industries. From the start, we could see the power of Wukong Car Rental’s business model. It is asset-light from their balance sheet perspective and takes advantage of the fact that many car owners leave their cars idle for much of the time. Rather than buy a car that depreciates quickly and is underused, Wukong empowers people to let Wukong manage their car and give them an investment return. And car owners can use their car, or have access to an alternative car, easily. Ideas are great, but entrepreneurship is about the people. The Wukong management team had extensive experience at Audi Credit and had worked together for many years. This is a case of industry insiders remaking a part of their industry!”