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 / Updated  / Source: Reuters
By Reuters

Uber has completed more than 2 billion trips on its app, the company's chief executive said on Monday, a milestone that arrives just weeks after the ride service added another $4.7 billion to its war chest.

Uber hit 2 billion rides on June 18, CEO Travis Kalanick said in a Facebook post, six months after marking its first billion rides. The company, then, completed the same number of rides in six months as it did in the prior six years - due in part to its heavy spending to recruit drivers and passengers, which is made possible by more than $13 billion in funding from investors.

The Uber logo is seen on a vehicle near Union Square in San Francisco, California, U.S. May 7, 2015. REUTERS/Robert Galbraith/File PhotoREUTERS

Kalanick said that 147 Uber rides started at the exact same second in 16 countries to tie for the two billionth trip. The largest portion of those rides - 54 - happened in China, an indication of the company's growth in that country, where Kalanick has also said Uber is losing more than $1 billion a year as it competes for riders.

Uber is in 450 cities globally, up from 311 a year ago. Last month it raised $3.5 billion from Saudi Arabia's sovereign wealth fund, part of a funding round that valued the company at $62.5 billion.

Earlier this month, Uber secured a $1.15 billion leveraged loan, allowing the company to take advantage of historically low interest rates while keeping venture-capital backers happy by not further diluting their equity.

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