China-based automotive supply chain platform 4Wheels Technology has raised “tens of millions of US dollars” in a round led telecommunications firm Airtel, DealStreetAsia has reported.
The round also featured investment firm Zhaohui Capital and comes in the wake of an undisclosed amount from GSR United Capital in 2019. Zero2IPO Capital was financial adviser on the latest deal.
Founded in 2013, 4Wheels operates an online platform that connects carmakers with dealers. The company will put the funding into expanding services such as vehicle financing along with its market presence.
