# Heqiauto

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

- Industry: Retail
- Headquarters: Beijing, China
- Website: www.heqiauto.com
- Latest round: Series A (Apr 10, 2019)
- Investors on record: 1

## About

Heqiauto specializes in innovative automotive solutions that enhance vehicle performance and user experience through advanced maintenance technologies and management systems.Founded in 2016, Heqiauto is based in Beijing, China, and focuses on offering automotive maintenance solutions. The company has engaged in a significant deal in April 2019, securing Series A funding from Hongtai Capital Holdings. Jianxun Chen serves as the CEO.The core offerings of Heqiauto encompass a range of innovative automotive solutions designed to enhance performance and user experience. Their primary product line focuses on advanced vehicle maintenance technologies, which include diagnostic tools, software systems for fleet management, and parts enhancement services. These solutions aim to streamline the maintenance process, reduce downtime, and improve the overall efficiency of vehicle operations. Heqiauto primarily serves automotive manufacturers, maintenance providers, and fleet operators across multiple geographical markets, including North America, Europe, and select regions in Asia. The end-users of these products are automotive technicians and fleet managers who rely on accurate diagnostics and efficient management systems to optimize their operations.Heqiauto generates revenue through a structured transactional model that includes direct sales to B2B clients, particularly automotive repair shops and fleet companies. This model may involve one-time purchases of diagnostic equipment, as well as ongoing subscriptions for software updates and maintenance services. Their flagship products, which include proprietary diagnostic tools and management software, are priced to reflect their advanced technology and user benefits. Partnerships with retailers and wholesalers also play a role in the distribution of their products, ensuring wide accessibility to end-users in various markets. The revenue framework is designed to support both immediate sales and long-term client relationships through service agreements and product upgrades.Looking ahead, Heqiauto plans to introduce new products aimed at enhancing their existing automotive solutions, with anticipated launches in the next year. The company is also targeting expansion into additional markets in Asia and Europe by 2023. The recent Series A funding raised in April 2019 will be utilized to support these initiatives and further develop their product offerings.

## Funding rounds

- Series A, Apr 10, 2019 — Hongtai Aplus

## Investors

- Hongtai Aplus (https://capitalatlas.ai/funds/hongtai-aplus) — Series A