A few days ago, Michelin completed its investment in Chinese startup Luli Information Technology through its Innovation Incubation Office. The latter is mainly engaged in the development and promotion of the mobile phone application product "Luyou Peer", and is committed to providing users with innovative and original ride sharing services.
Sharing by car is an important part of the urban transport ecosystem of today's multimodal transport.
The ride sharing service is the core business and expertise of Luke Technology. This service can easily support users to complete the sharing of passengers, especially for urban commuters.
As a start-up company, Lulu Technology has great growth potential in the Chinese market. Luke's strategy is in line with Michelin's love for humans and the environment, and the insistence on correct behavior.
In the view of Zhang Shaohua, CEO of Lulu Technology, Michelin’s investment is "the next time the sharing economy model dares to be the industry's first cooperation, not only let more people know the market challenger of Luke Technology, but also for us. Bringing the business opportunities that are expected, it is clear that Lulu Technology is a responsible passenger sharing service provider."
Mr. Philippe Barreaud, head of the Michelin Asia Innovation Incubation Center, said: "This investment has undoubtedly consolidated Michelin's position in the field of sustainable transportation and opened another Chinese user for Michelin. Provide channels for products and services."
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