CHENGDU, China, April 7, 2021 / PRNewswire / – Senmiao Technology Limited (“Senmiao”) (Nasdaq: AIHS), a finance and services company focused on the online ridesharing industry at China as well as an operator of its own online carpooling platform, today announced measures to operate its proprietary online carpooling platform for the month of March 2021. The growth rate of the number of completed orders and drivers making trips and earning revenue through the platform (called active drivers) from February 2021 To March 2021 was about 117% and 64%, respectively.

Since its launch in Chengdu in October 2020, in Changsha in december 2020, in Neijiang in January 2021, and in Canton in March 2021, more than 4.4 million trips were made using Senmiao’s online carpooling platform, including more than 1.5 million trips during March 2021. The average monthly growth rate of the number of completed orders and active drivers during the three months ended March 31, 2021, was about 47% and 38%, respectively.

The table below shows the approximate unaudited operating metrics of Senmiao’s online carpooling platform since its launch in October 2020.

In addition, at the end of March 2021, approximately 15% active drivers also rent cars from Senmiao, demonstrating the early results of Senmiao’s strategy of cross-selling its core ridesharing-based car finance and rental business with the new ridesharing business.

About Senmiao Technology Limited

Based at Chengdu, Sichuan province, Senmiao provides automotive transaction and related services, including auto sales, facilitation and auto purchase and financing, management, operating leasing, warranty and other services. automobile transaction. hail market in Senmiao areas of operation in China. For more information on Senmiao, please visit: http://www.senmiaotech.com. Senmiao regularly provides important updates on its website.

Caution Regarding Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements (including those relating to the operation of Senmiao’s carpooling platform) are subject to risks, uncertainties and assumptions. material, including those detailed from time to time in documents filed by Senmiao with the SEC, and represent Senmiao’s views only as of the date on which they are made and should not be construed as representing Senmiao’s views to any later date. Senmiao does not undertake to publicly revise forward-looking statements to reflect changes in events or circumstances.

For more information please contact:

In the business:

Yiye Zhou
E-mail: [email protected]
Telephone: +86 28 6155 4399

Investor Relations:

The Equity Group Inc.
Adam Prior, first vice-president
(212) 836-9606
[email protected]

In China
Lucy ma, partner
+86 10 5661 7012
[email protected]

© 2021 Senmiao Technology Ltd. All rights reserved.

SOURCE Senmiao Technology Limited

Related links

www.ihongsen.com