openPR Logo
Press release

WOGO Secures $5M to Redefine the Non-Possessive Mobility Platform Model

07-26-2025 01:29 PM CET | Tourism, Cars, Traffic

Press release from: Binary News Network

/ PR Agency: ZEX PR WIRE
WOGO Secures $5M to Redefine the Non-Possessive Mobility

Silicon Valley Startup Challenges Traditional Asset-Heavy Platform Structures with Decentralized, Ethically-Driven Design

Mountain View, CA, 26th July 2025, ZEX PR WIRE, WOGO Inc., a next-generation mobility platform headquartered in the San Francisco Bay Area, announced it has successfully secured $5 million in funding to expand its innovative non-possessive vehicle operations. The company is now valued at $30 million.

Unlike traditional rental companies or gig-driven platforms, WOGO introduces a non-ownership model: the company does not own any vehicles. Instead, it acts as a connector between individual vehicle owners and long-term renters. The platform provides branding, operations, and customer service, while vehicle owners receive a share of the income. With a focus on monthly rentals only, WOGO offers customers insurance, maintenance, and full-service coverage-anchoring its slogan: "Once WOGO, you never buy a car again."

"WOGO doesn't extract value from its users; it enables value to be co-created by all participants," said a company spokesperson.

Since its launch, WOGO has grown rapidly in the Bay Area. In just over four months, the company has deployed over 700 vehicles, and both platform revenue and customer base have shown stable month-over-month growth. Its long-term rental structure creates stability for clients and sustained profit for vehicle partners-while reducing the risks and costs typical of short-term rental platforms.

The heart of WOGO's model lies not only in business innovation, but in a governance system rooted in post-capitalist ethical design. Its participatory structure ensures early contributors receive equity, while founder incomes are capped.

Founder Jacky Liu (Zhiqi Liu) explains the deeper mission behind the company: rebuilding value distribution in the digital economy through trust and collaboration.

"Too many so-called decentralized platforms end up reinforcing central control," Liu says. "We believe platforms should be bridges of value-not extractors of it."

A serial entrepreneur, Liu previously built three top-ranked companies across three industries in China through disruptive innovation. He also served as Co-President of Hejun Consulting, China's top strategic advisory firm. As founder of Hoorao, a revenue-sharing course platform where over 70% of income goes to content creators, Liu advocates for a new economic paradigm he calls "Non-Possessive Economy." His vision blends business with theological and ethical principles-emphasizing co-creation, shared benefit, and redesigned trust systems.

Recently, WOGO was selected as the only non-AI startup to be invited to the Plug and Play Mobility Demo Day, one of Silicon Valley's premier startup showcase events. The company has also been featured on Crunchbase and is recognized as one of the most promising emerging players in the mobility space.

Proceeds from this funding round will be used to build a world-class customer service framework, upgrade the platform's software architecture, and expand to major U.S. metropolitan markets.

About WOGO Inc.

Founded in 2025, WOGO is a pioneering mobility platform reinventing vehicle leasing through a non-ownership, long-term rental model. By connecting car owners and long-term renters through a managed platform, WOGO reduces operational friction, boosts vehicle utilization, and reshapes value distribution in the transportation economy.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release WOGO Secures $5M to Redefine the Non-Possessive Mobility Platform Model here

News-ID: 4121366 • Views:

More Releases from Binary News Network

AgriFi Leads the Next Wave of RWA DeFi with Tokenized Agriculture on Polygon
AgriFi Leads the Next Wave of RWA DeFi with Tokenized Agriculture on Polygon
Estonia, 22nd October 2025, ZEX PR WIRE, AgriFi, a blockchain-powered agricultural finance protocol, is redefining how farmland becomes an investable, yield-generating, and transparent real-world asset (RWA). By combining DeFi infrastructure with data-verified agriculture, AgriFi enables fractional farmland ownership and yield-backed returns, transforming farmland from an illiquid legacy asset into a transparent, tradable, and traceable digital investment. Reimagining Agriculture as a Real-World Asset (RWA) For centuries, farmland has been the backbone of global wealth
NanoMinex Unveils a New Website Design: Simpler, Faster, and Built for Trust
NanoMinex Unveils a New Website Design: Simpler, Faster, and Built for Trust
NanoMinex, a leading name in cloudmining crypto, announces the launch of its completely redesigned official website - nanominex.com. The new interface focuses on clarity, usability, and investor confidence, offering an easier way for users to explore mining plans, monitor profits, and start earning within minutes. With its minimalist visuals, faster loading speed, and enhanced accessibility, the update reflects the company's philosophy - crypto mining should be easy, eco-friendly, and understandable to everyone. A
With Ripplecoin Mining, Retirees Secure Daily Earnings Without Market Volatility
With Ripplecoin Mining, Retirees Secure Daily Earnings Without Market Volatility
October 2025 - Amid the ongoing volatility and uncertainty in the cryptocurrency market, global investors are re-evaluating the profitability and security of digital assets. The UK-based cloudmining platform Ripplecoin Mining, with its stable returns, strict regulatory compliance, and fully automated smart mining system, is emerging as a new benchmark for passive income. According to platform data, some investors earn up to $8,700 in stable daily income through Ripplecoin Mining's BTC and
Transforming Smartphones into Mining Platforms: DL Mining Highlights New Earning Model for USDT, XRP, and SOL Users
Transforming Smartphones into Mining Platforms: DL Mining Highlights New Earning …
Over the past decade, smartphones have completely reshaped people's lifestyles-it serves as a convenient digital wallet, a key social hub, a rich video entertainment platform, and an efficient mobile office portal. However, few people have noticed that smartphones can also act as a remote tool to "generate income" for you at any time. Against the current backdrop of slowing economic growth and normalized inflation, "allowing smartphones to go beyond mere

All 5 Releases