Chinese car rental company eHi Car Services, Ltd. filed an F-1 form with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO) on Friday, Oct. 3, to raise up to $200 million.

Previously, eHi has successfully received many rounds of investments from Qiming Ventures, CDH Fund, Goldman Sachs, and Enterprise Holdings. In Dec. 2013, eHi received China's largest online travel agency, Ctrip's $100 million investment.

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According to the IPO filing, eHi has consistently improved its financial performance over the past three years. Its net revenue in the first half of this year increased by nearly 50 percent to 385 million Yuan ($63 million) compared with the same period last year. Therefore, eHi grows twice faster than the average growth rate in the car rental industry.

China's largest car rental company, China Auto Rental Holding Inc. (CAR), was listed in Hong Kong on Sept. 19 and traded 3.45 billion HKD ($44.5 million). CAR's share price in the first listed day was increased to 28.94 percent.

After CAR became the first car rental company to be traded, eHi is expected to be the second Chinese car rental company to be traded on the New York Stock Exchange under EHIC. The underwriters for the offering are J.P. Morgan, Goldman Sachs, and Deutsch Bank.

eHi is founded in Jan. 2006, which offered comprehensive car rental services for both retail and corporate clients. eHi's headquarters is in Shanghai. As of June 30, 2014, eHi operates in over 700 service locations in more than 90 cities in China with over 100 car types and a 15,000 plus fleet. There were more than 550,000 registered members for car rentals and over 32,000 corporate clients for car services.

At present, eHi has not yet disclosed stock code, offering price range, and specific listing date.