# Busap

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/busap

- Industry: Media
- Headquarters: Shanghai, China
- Website: www.bus-online.com.cn
- Latest round: Series B (Jan 1, 2006)
- Investors on record: 1

## About

Busap specializes in advanced transport solutions, focusing on innovative bus systems and technology for public transit. It aims to enhance urban mobility through its efficient and smart transportation offerings.Founded in 2003 in Shanghai, China, Busap develops advanced bus systems for urban transit. The company has completed 2 deals, with its most recent funding round being a Series A in January 2006, raising USD 5.00 mn. The company operates independently without known parent or subsidiary affiliations. The founder's history and previous ventures are not specified.Busap specializes in advanced transport solutions, focusing on developing innovative bus systems and related technologies. Their core product offerings include a range of high-capacity buses designed for urban transit, featuring energy-efficient engines and smart technology integrations for real-time monitoring and passenger information systems. These buses serve as vital components in public transportation networks, aimed at enhancing mobility within densely populated areas, reducing traffic congestion, and minimizing environmental impact. The company targets major urban centers across Asia and Europe, providing tailored services for municipal governments, transit authorities, and private transportation operators, continuously evolving to address challenges in urban mobility and improve the commuter experience.Busap's revenue model is primarily B2B, partnering with government entities and private firms to supply advanced bus systems. Revenue is generated through direct sales of vehicles and ongoing maintenance and service contracts. Their transaction structures often involve long-term contracts, ensuring a steady income stream as clients commit to multi-year agreements for fleet purchases, which may include options for leasing or financing. The pricing reflects the complexity and technological advancements of their flagship products, ensuring competitive positioning in local and international markets.Busap is focused on expanding its product line with new bus models designed for enhanced energy efficiency and smart transit solutions, with launches anticipated in the coming years. The company plans to penetrate new markets in Southeast Asia and Europe by 2025, leveraging recent funding to support this expansion. In January 2006, Busap raised USD 5.00 mn in Series A funding to bolster its research and development initiatives, enabling the introduction of innovative technologies and facilitating entry into these targeted markets.

## Funding rounds

- Series B, Jan 1, 2006 — IDG Capital

## Investors

- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Series B