On January 26, 2024, Zhejiang Kuaizhun Car Service Network Technology Co., Ltd. (hereinafter referred to as Kuaizhun Car Service) officially announced the completion of Series D financing at the "2023 Annual Commendation Conference and 2024 Work Mobilization Conference" held in Huzhou, Zhejiang. The amount of this round of financing is 200 million yuan, and the participating institutions are Yujiang Industrial Investment, Binfu Capital and Jiuxi Capital.
Financing ceremony
In the context of the "post-epidemic era", capital trends tend to calm down, and after-market enterprises have started a protracted war of involution of "fighting for internal strength and fighting for heritage". Being able to obtain the favor of state-owned capital investment and operation platforms, including Yingtan Yujiang District Industrial Investment Group Co., Ltd., all show that the status of the "leader" of the fast car service industry has been fully recognized.
At the financing ceremony, Mr. Liu Feng, member of the Standing Committee of Yujiang District Party Committee, affirmed the strong comprehensive strength of Kuaizhun Car Service. Like the fast-growing fast car service, Yujiang District is building a complete industrial chain with the auto parts industry as the core. The in-depth cooperation with Kuaizhun Car Service can not only help achieve the grand goal of "100 billion fast accuracy", but also contribute to the economic take-off of Yujiang District, which must be a win-win cooperation.
Liu Feng, member of the Standing Committee of the Yujiang District Party Committee, made a speech
The pioneer of digital auto parts infrastructure: Kuaizhun Car Service
Founded on August 1, 2015 and headquartered in Hangzhou, Zhejiang, Kuaizhun Auto Service is a digital auto parts supply chain service platform that focuses on the comprehensive needs of auto repair enterprises, takes auto parts as the core, and provides one-stop business solutions for auto repair enterprises in the fields of finance, insurance, logistics, IT, technical support, education and training.
Through strategic cooperation with mainstream auto parts manufacturers at home and abroad, self-built national warehousing and logistics system, and the establishment of a national offline service network, Kuaizhun Auto Service has realized the direct delivery of genuine parts from the manufacturer to the repair shop, making the channel more efficient, cost-saving and transparent. At present, Kuaizhun has reached strategic cooperation with Bosch, Denso, ZF, Valeo, Gates, NGK, Clarios, Kumho, Mahle, MAN, Osram, Uni-President, Dingfeng, Eagle Banner, Rebesto and many other international first-line auto parts brand manufacturers to create a digital auto parts infrastructure platform with "wearing parts + whole car parts + fast precision E station" as the core business, and has established a "5+14" efficient warehousing system and more than 2,500 service stations in the country, adhering to the "fast, accurate and professional" The service concept serves hundreds of thousands of repair shops across the country and has been widely recognized by the upstream and downstream.
Recalling the eight-year history of struggle, Kuaizhun has won numerous industry awards with its strong hard power. In 2021, Kuaizhun Auto Service was selected as one of the top 100 franchise chains in China in 2020, ranking among the top three in the industry in terms of sales scale, in 2022, Kuaizhun Auto Service was listed among the top 500 Zhejiang businessmen, and in 2023, Kuaizhun Auto Service was listed on the list of Hangzhou quasi-unicorn enterprises.
As a well-deserved leader in China's automotive aftermarket, Kuaizhun Auto Service's strong brand influence, profound technical strength and excellent market share have undoubtedly become the "darling" in the eyes of aftermarket capital. Since its establishment, the company has successively completed multiple rounds of financing, including angel round, PreA round, A round, A+ round, B round, Cl round and D round, with a total financing amount of more than 1 billion yuan.
The injection of 200 million yuan in the D round means that Kuaizhun Auto Service can grasp more initiative in the increasingly fierce competition in the after-market war. In the future, whether it is relying on the established advantages, strengthening the leading position in the industry, achieving the grand goal of "100 billion fast accuracy", or opening up a new territory of overseas business empire with full firepower, fast and accurate car service will live up to expectations and go all out, repay trust with development, and create the future with strength.