Senmiao Technology Announces Ride-Hailing Platform Operating Metrics for March 2022

CHENGDU, ChinaApr 11, 2022 /PRNewswire/ — Senmiao Technology Limited (“Senmiao” or the “Company”) (Nasdaq: AIHS)a financing and servicing company focused on the online ride-hailing industry in Chinaas well as an operator of its own online ride-hailing platform, today announced the operating metrics for its proprietary online ride-hailing platform for the month of March 2022† In March 2022Senmiao reported over 1.0 million total completed orders, a 42.0% increase from over 0.7 million total orders completed in February 2022† Numbers reported since August 2021 include the number of completed orders from Meituan’s ride-hailing platform (“the Major Platform”) utilizing Senmiao’s network of cars and drivers for a set monthly fee.

Since the launch of Senmiao’s online ride-hailing platform in October 2020, approximately 16.0 million rides have been completed using its platform. Approximately 3.8 million rides have been completed on the Major Platform under Senmiao’s partnership with Meituan. The number of drivers completing rides via the platform (known as Active Drivers) in March 2022 was 7,091, increasing approximately 18.0% from 6,008 in February 2022

The table below presents approximate unaudited operating metrics of Senmiao’s online ride-hailing platform since its launch in October 2020



Completed Orders under Old Model1

(in 000s)


Completed Orders under New Model2 (in 000s)


Total Completed Orders

(in 000s)


Total Fares Paid by Riders

(in 000s USD$)


Active Drivers

Oct 2020


161




161


531


1,800

Nov 2020


537




537


1,646


3,400

Dec 2020


620




620


1,862


5,000

Jan 2021


910




910


2.626


8,300

Feb 2021


710




710


2,164


7,000

Mar 2021


1,540




1,540


4.492


11,500

Apr 2021


1,790




1,790


5.332


16,500

May 2021


2.154




2.154


6.376


18,000

Jun 2021


2.068




2.068


6,193


18,500

Jul 2021


1,659




1,659


4.864


16,400

Aug 2021


530


432


962


3,001


6.073

Sep 2021


540


480


1.020


3.653


7,519

Oct 2021


531


505


1.036


3.780


7.010

Nov 2021


436


497


933


3.236


7,480

Dec 2021


492


571


1.063


3,788


7.845

Jan 2022


455


492


947


3,413


7,085

Feb 2022


344


371


715


2.651


6.008

Mar 2022


534


480


1.014


3,660


7,091

cumulative


16.011


3,828


19,839


63.268


AFTER

1 Under the old model, a rider can search for taxi/ride-hailing services on a Senmiao partner’s platform, which then provides the rider with options for online ride-sharing service providers, including Senmiao. If the rider selects Senmiao, the order will then be distributed to registered drivers on Senmiao’s platform for viewing and acceptance. Senmiao earns commissions for each completed order based on a certain percentage of the value of the order.
2 Under the new model, online ride-hailing requests and orders will be completed on the partner’s platform utilizing Senmiao’s network of cars and drivers for a set monthly fee.

About Senmiao Technology Limited
Headquartered in ChengduSichuan ProvinceSenmiao provides automobile transaction and related services including sales of automobiles, facilitation and services for automobile purchases and financing, management, operating leases, guarantees and other automobile transaction services, as well as operates its own ride-hailing platform aimed principally at the growing online ride-hailing market in Senmiao’s areas of operation in China† For more information about Senmiao, please visit: http://www.senmiaotech.com. Senmiao routinely provides important updates on its website.

Cautionary Note 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 ride-hailing platform) are subject to significant risks, uncertainties and assumptions, including those detailed from time to time in the Senmiao’s filings with the SEC, and represent Senmiao’s views only as of the date they are made and should not be relied upon as representing Senmiao’s views as of any subsequent date. Senmiao undertakes no obligation to publicly revise any forward-looking statements to reflect changes in events or circumstances.

For more information, please contact:




At the Company:


Yiye Zhou


E-mail: [email protected]


Phone: +86 28 6155 4399




Investor Relations:


The Equity Group Inc.

In China

Carolyne Sohn, Vice President

Lucy Ma, Associate

+1 415-568-2255

+86 10 5661 7012

[email protected]

[email protected]

© 2022 Senmiao Technology Ltd. All rights reserved.

SOURCE Senmiao Technology Limited

Leave a Comment

Your email address will not be published.