The new owners are looking to invest in its contracting team and IT to expand the business into new markets as well. Asia-Pacific and other emerging markets are a potential goldmine for the bedbank operator, with support from Cinvens Hong Kong-based portfolio team mentioned in the announcement.
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CAR Inc. asserts that UCARs unique B2C model offers major benefits, and these are about regulatory compliance, premium pricing through better customer experience, and fixed cost structure with limited influence from competitions. Overall, the collaboration with UCAR has allowed CAR Inc. to realize better synergies through fleet sharing. Last year the fleet utilization rate further increased to 63%, with a deliberate balance to secure more license plates.