Jiangsu gov’t fund invests 60M yuan into Zhizu Logistics
COLDSKY.CN – Zhizu Logistics(智租出行) , integrated solution provider of last-mile express delivery vehicles, raised 60 million yuan from the governmental industry fund in Jiangsu Province.
The start-up established in 2018 in Shanghai offers the sale and rental of vehicles to deliver express packages in the final stage in the network of courier, express, and parcel companies. It runs battery charging and swapping services and vehicle maintenance, and aims to be the world’s largest rental platform for two-wheeled electric vehicles.
The company’s business has currently expanded to 50 cities in China and provided service to both express delivery companies and retailers that rely increasingly on e-commerce.
Data showed the award-winning start-up offered over 6 million battery charging and swapping services by August 9. Meanwhile, it has built cooperation with China Post and governmental departments including traffic police, emergency response and fire control authorities in Shanghai.
In last August, Zhizu Logistics raised 100 million yuan in Series A round of financing, led by Beijing Linkdata Technologies(联动天翼) and Huayi Fund(华熠基金).