Dishangtie, the China-based operator of an electric vehicle (EV) rental service, has received RMB300m ($43.2m) in series B1 funding from investors including diversified trading group Itochu, China Money Network has reported.
Bojiang Capital, a venture capital vehicle for financial services firm Bojiang, led the round, which also featured contributions from existing investors including Qiming Venture Partners and Matrix Partners China.
Dishangtie runs a rental and maintenance service for commercial electric vehicles such as vans, trucks and other heavy vehicles.
Itochu made its invest in August this year in connection with a partnership involving EV logistics services. Qiming and Matrix Partners China had previously co-led a $47m round for the company in March this year.
Photo courtesy of Dishangtie.
