Common Rail System Family raises nearly RMB100m in Series B

Common Rail System Family, a commercial vehicle maintenance service provider has recently raised nearly 100 million yuan in Series B financing round.
This round was led by Wanrong Capital, with participation from the existing investors Panlin Capital and Cybernaut Investment. The proceeds will mainly be used for product research and development and marketing.

Common Rail System Family, a commercial vehicle maintenance service provider has recently raised nearly 100 million yuan in Series B financing round.

This round was led by Wanrong Capital, with participation from the existing investors Panlin Capital and Cybernaut Investment. The proceeds will mainly be used for product research and development and marketing.

Earlier, Common Rail System Family had completed three rounds of financing in 2018. Investors include Hone Capital, Panlin Capital and Cybernaut Investment.

Founded in 2014, Common Rail System Family mainly provides online technical support, offline intelligent maintenance equipment and big data online diagnostic services for commercial vehicle maintenance.

The main businesses of the company include operation of technology sharing community, sales of intelligent diagnostic equipment, and data services.

Wanrong Capital, the leading investor of the latest funding round, stated that the Common Rail System Family has connected and upgraded many small and medium-sized commercial vehicle maintenance outlets through a multi-layer product system such as online communities, intelligentAIoT fault detection equipment, and vehicle management SaaS.

Using data intelligence and collaborative networks to help logistics companies and maintenance stations reduce costs and increase efficiency, the company has formed a healthier financial model.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/14/common-rail-system-family-raises-nearly-rmb100m-in-series-b/.

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