Jufeng Chuxing raises nearly USD10m in Pre-A round

Jufeng Chuxing, a Chinese personalized car rental experience platform, recently announced the completion of nearly 10 million US dollars in its Pre-A round of financing co-invested by KIP, Porsche Venture and Nio Capital.

Jufeng Chuxing, a Chinese personalized car rental experience platform, recently announced the completion of nearly 10 million US dollars in its Pre-A round of financing co-invested by KIP, Porsche Venture and Nio Capital.

Proceeds from this funding round will be used for the company’s cross-regional market development, the thorough development of the personalized car culture community, and the enhancement of supply chain depth.

Founded in October 2018, Jufeng Chuxing, which started in Shanghai, mainly provides personalized car rental experience services. The company uses content plus community as the carrier to spread the car culture to its users.

Jufeng Chuxing currently has more than 10 million followers across various network channels, with monthly GMV exceeding 10 million yuan.The company’s platform can dispatch more than 10,000 vehicles.

Currently, Jufeng Chuxing only provides offline business in Shanghai, with a large number of users on its app across the country. With the completion of this new round of financing, the company will accelerate the expansion of the national market.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/25/jufeng-chuxing-raises-nearly-usd10m-in-pre-a-round/.

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