# Folangsi Machine Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/folangsi-machine-co

- Industry: Retail
- Headquarters: Guangzhou, China
- Website: www.folangsiforklift.com
- Total disclosed funding: $29M
- Latest round: Series E (Sep 2, 2018)
- Investors on record: 7

## About

Folangsi Machine Co., Ltd is a provider of in-plant logistics equipment solutions, focusing on forklift parts, services, and IoT innovations to enhance operational efficiency for global clients.Folangsi Machine Co., Ltd, founded in 2001, is based in Guangzhou, China. The company specializes in logistics equipment and has engaged in 8 deals, with its most recent funding round being Series E, which occurred on May 29, 2019. During this round, Folangsi raised CNY 180.000 mn from Fortune Capital and Lan Fund, bringing its total amount raised to CNY 180.000 mn.Folangsi Co., Ltd specializes in providing a comprehensive range of in-plant logistics equipment solutions, primarily focusing on forklift parts and services. The company’s core product offerings encompass an extensive inventory of over 3 million forklift parts, essential for the maintenance and repair of various forklift models. Folangsi's services include sales of spare parts, forklift rentals, and repairs, catering to a global client base across industries reliant on material handling and logistics. The company emphasizes IoT innovation and digital solutions to enhance operational efficiency for its customers, with a presence in international markets such as Southeast Asia, Europe, and North America.Folangsi Co., Ltd operates predominantly through a B2B model, providing its products and services directly to businesses that utilize forklifts in their operations. Revenue is generated through the sale of forklift parts, repair services, and rental agreements, allowing clients to access essential equipment without the need for large capital expenditure. Transactions are structured around specific service agreements, ensuring reliable supply and maintenance for clients. The company’s flagship products undergo a rigorous quality inspection process and are positioned to meet the demands of a diverse market, effectively driving revenue streams from repeat business and long-term partnerships with various industrial sectors.Folangsi Machine Co., Ltd plans to leverage its recent funding from the Series E round to enhance its product offerings and market reach. The company is focused on designing and launching new products to meet emerging customer needs. Additionally, Folangsi aims to expand its presence in Southeast Asia and Europe by 2022, targeting specific markets that require advanced logistics solutions. The strategic investment from Fortune Capital will support these initiatives and help the company further develop its IoT capabilities.

## Funding rounds

- Series E, Sep 2, 2018, $26M — Fortune Capital, Lan Fund
- Series D, Nov 15, 2017 — China Science & Merchants Capital Management, Aeon Life Insurance, Lingyi Jinfu
- Series C, Jan 4, 2017 — Fortune Capital, GF Qianhe
- Series B, Dec 8, 2016, $2.9M — Eastern Bell Capital
- Series A, Mar 5, 2015 — Eastern Bell Capital

## Investors

- Eastern Bell Capital — Series A, Series B
- Fortune Capital — Series C, Series E
- GF Qianhe — Series C
- China Science & Merchants Capital Management (https://capitalatlas.ai/funds/china-science-merchants-capital-management) — Series D
- Aeon Life Insurance — Series D
- Lingyi Jinfu (https://capitalatlas.ai/funds/lingyi-jinfu) — Series D
- Lan Fund (https://capitalatlas.ai/funds/lan-fund) — Series E