On the evening of March 24, information disclosed on the official website of the China Securities Regulatory Commission showed that Yongan Bicycle submitted an A-share IPO application for the public issuance of 24 million new shares, accounting for 25% of its total share capital, with a face value of 1 yuan per share, on the Shanghai Stock Exchange. It is listed and plans to raise 598 million yuan, which will be used for "technology research and development center construction projects", "supplementing operating funds for public bicycle construction and operation projects" and "repaying bank loans".

According to Li Yu, the monthly loss of Youyou Automobile is as high as 2 million yuan.Due to lack of funds, Youyou Auto cannot continue to practice this model, and it will never be able to prove when it will be truly successful.

Users only need to return the car at the ETCP parking lot in this area.In comparison, the operating cost of Youyou Cars is obviously much higher: users park their cars in any ETCP parking lot, and when the vehicle’s battery is about to run out, the operators need to drive the car to the destination in three shifts. The charging station is charged and then put back to the place closest to the user.“The mileage of new energy has been increasing, from the previous 150 kilometers to the current 300 kilometers, and it will gradually become longer in the future.

The essence of car-sharing leasing is asset management. How to obtain greater revenue through higher operating efficiency and how to reduce vehicle acquisition costs are key issues in its operation.Youyou Car provides more services and better user experience, but the price is almost the same as other time-sharing rental platforms.

However, policies for new energy vehicles are slowly tightening, and license plates will only become more and more precious.

However, the P2P sharing model has many pain points that are difficult to solve. For example, it is difficult to standardize private car services, the response to user orders is not timely, and the order acceptance rate is uneven. The cost of acquiring vehicles in the P2P car rental model is high but the efficiency is not high.When doing internal sharing recently, we said that the benchmark is like Amazon.

Entrepreneurs need to solve problems through their own abilities rather than relying entirely on capital.It’s more about what we didn’t do well in the past week, and we put it forward at the bi-weekly meeting to solve it.

Someone once asked him the same question, why do you climb so many mountains? His answer was simple, because the mountains are there.I mentioned earlier that there are things to do and things not to do. For us, we will not look at finance, but we may cooperate with our partner Ant Financial to provide a better service experience.