Uber has invested 43 crores in its XChange Leasing, its Mumbai based subsidiary which was launched in July, 2015.
Xchange Leasing received Rs.10 crore on 20 January from Uber International Services Holding B.V and its subsidiary Mieten B.V, followed by another Rs.32.99 crore from the same entities on 29 March. [via]
Xchange Leasing – which is a leasing option administered by an Uber subsidiary and designed to fit with the flexibility that drivers value most. Unlike most multi-year leases that have high fees for early termination, drivers who participate in Xchange for at least 30 days will be able to return the car with only two weeks notice, and limited additional costs. The program allows for unlimited mileage and the option to lease a used car, with routine maintenance also included. These features combine to create a product unlike anything on the market today.