The green mobility landscape is getting a serious shake-up. CaoCao Mobility, China’s second-largest ride-hailing platform, isn’t just moving people around anymore—they’re moving money too. The Geely Automobile-founded company has teamed up with Victory Securities to tokenize its green assets under Hong Kong‘s regulated RWA framework. Yeah, that’s right. EV fleets becoming digital tokens. Welcome to 2023.
This isn’t some crypto bro’s pipe dream. It’s happening now. The company’s 435 battery-swapping stations are becoming financial instruments. These stations aren’t just convenient—they swap batteries in 60 seconds flat. No more waiting hours to charge. Drivers get back on the road, making money instead of twiddling thumbs at charging stations.
The numbers don’t lie. Their system has already slashed the total cost of EV fleet ownership by 36.4% compared to standard electric vehicles. That’s real cash savings, not marketing fluff. And the planet’s winning too—CaoCao claims over 3.1 million tons of carbon emissions reduced so far. Not too shabby. The smart contract automation ensures seamless and efficient management of these tokenized assets.
Their Hong Kong IPO aims to raise $235 million at a $2.9 billion valuation. Ambitious? Sure. Impossible? Hardly. Their “CaoCao Brain” platform optimizes everything from dispatch to operations, making the whole system run like a well-oiled (or rather, battery-powered) machine. With operations in 83 cities across China, they’ve built an impressive geographical footprint that strengthens their market position.
The tokenization play is smart. It opens up these green assets to investors who might never have considered putting money into electric vehicle infrastructure before. Stablecoin payment systems are being integrated too, making transactions seamless. CaoCao reported an impressive 598 million ride-hailing orders in 2024, demonstrating the massive scale of their operations. Even ESG investors are perking up their ears—these tokens might incorporate carbon credits.
Let’s be clear: this isn’t just about fancy tech. It’s about making green mobility profitable. By turning real-world assets into tradable tokens, CaoCao is creating liquidity where none existed before. The company isn’t just riding the RWA wave—they’re helping build it. And in Hong Kong’s evolving financial landscape, that’s no small feat.
