# Blue Ocean (Fujian) Information Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/blue-ocean-fujian-information-technology-co

- Industry: Transportation Services
- Headquarters: Xiamen, China
- Website: www.bbxpc.com
- Total disclosed funding: $29M
- Latest round: Series B (Dec 18, 2019)
- Investors on record: 4

## About

Established in 2014 and based in Xiamen, China, Blue Ocean (Fujian) Information Technology Co., Ltd. operates a mobile application that provides ride-hailing services.

The company’s main business is ?operating Bangbangxing, an integrated mobility platform offering intercity ride-hailing, on-demand carpooling, door-to-door private transfers, same-day parcel delivery, and customized government vehicle services. The company’s self-developed products include ?AI-driven dispatch algorithms, and ?collaborative solutions for traditional transport operators, such as the co-developed ?Changan Keshang EV2020, a new energy vehicle tailored for rural-urban passenger transport. Its products are used in the field of ?smart transportation and rural-urban connectivity.

The company generates revenue by charging transaction fees for ride-hailing and logistics services, licensing SaaS solutions to transportation operators, and selling customized vehicles in partnership with automakers.

## Funding rounds

- Series B, Dec 18, 2019, $14M — Zhehua Investment
- Series B, Jan 18, 2019, $15M — Dreamfly Capital
- Series A, Oct 1, 2017 — Ferry Venture Capital, China Growth Capital

## Investors

- Ferry Venture Capital (https://capitalatlas.ai/funds/ferry-venture-capital) — Series A
- China Growth Capital (https://capitalatlas.ai/funds/china-growth-capital) — Series A
- Dreamfly Capital (https://capitalatlas.ai/funds/dreamfly-capital) — Series B
- Zhehua Investment (https://capitalatlas.ai/funds/zhehua-investment) — Series B