Energy Mart closes multimillion-yuan Series A+ round

On July 31, Energy Mart, or Jhnyh.com, announced the completion of its Series A+ financing round worth tens of millions of yuan.

On July 31, Energy Mart, or www.Jhnyh.com, announced the completion of its Series A+ financing round worth tens of millions of yuan.

The round was led by Huihe Capital, Jingdong Logistics’ first industrial fund, with participation from Far East Horizon, and existing investor 51zhaoyou.com. Daopu Capital and Maximum Capital jointly served as the financial advisers for this round.

The proceeds will be further used for the free set-up of Energy Mart’s self-developed skid-mounted refueling equipment across the country, continuing to strengthen the research and development of digital management of oil product to empower the digitalization of the energy industry chain, and embarking on building supply chain finance products and services.

Energy Mart is a developer of one-stop oil distribution platform. The company offers oil refining, distributing, and gas station setup services on its online platform, enabling clients to obtain transparent and real-time oil trading information and reduce costs in marketing and distribution.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/08/06/energy-mart-closes-multimillion-yuan-series-a-round/.

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