# All-way Logistics Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/all-way-logistics-technology-co

- Industry: Transportation Services
- Headquarters: Xiamen, China
- Website: www.tranlution.com
- Total disclosed funding: $57M
- Latest round: Series D (Sep 11, 2023)
- Investors on record: 3

## About

Established in 2014 and based in Fuzhou, China, New-Way Car Service operates as a same city logistics vehicle rental management services provider that provides an automotive resource sharing platform. The company cooperates with Geely, JAC, SAIC, Dayun and JMT. In 2021, it crossovered into logistics vehicle power exchange. In 2022, the company raised approximately CNY 100 million in series B funding from new investor Guosheng Zhongcheng Venture Capital. In September 2023, All-way Logistics Technology Co., Ltd. raised CNY 200 million in series D funding led by new investor Chinahope Asset Management. The series D funding values the company at CNY 2 billion post-money.

The company provides same city logistics vehicle rental management services and provides automotive resource sharing platform. Its services include replacement car services, maintenance services, violation reminder services, GPS location services and roadside assistance services. Its vehicle type includes wuling rongguang V, jinlong jinwei and FAW liberation tiger VN.

The company will use the series D funding for building a full-process integrated smart energy production R&D center in Xinchang County, Zhejiang.

## Funding rounds

- Series D, Sep 11, 2023, $27M — Chinahope Asset Management
- Series C, Jan 13, 2023, $30M — Envision Sequoia (Wuxi) Private Equity Fund Management
- Series A, Oct 15, 2018 — Hongsheng Capital

## Investors

- Hongsheng Capital — Series A
- Envision Sequoia (Wuxi) Private Equity Fund Management (https://capitalatlas.ai/funds/envision-sequoia-wuxi-private-equity-fund-management) — Series C
- Chinahope Asset Management (https://capitalatlas.ai/funds/chinahope-asset-management) — Series D