# Huasheng

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

- Industry: Retail
- Headquarters: Tianjin, China
- Website: www.huashenghaoche.com
- Total disclosed funding: $210M
- Latest round: Series B (Oct 24, 2018)
- Investors on record: 4

## About

Based in Tianjin, China and established in 2015, Huashenghaoche operates as an automotive retailing company, providing one-stop automotive consumer services to users. There are more than 8000 employees in the company. Some enterprises, such as Geely Auto, TOYOTA, BYD, and Postal Savings Bank of China, have cooperated with the company. It has set up more than 800 stores and 25 central warehouses. In January 2024, Huashenghaoche raised CNY 650 million in series C funding.

Huasheng has developed a new automotive retail platform, which can provide comprehensive services for installment car purchase. The platform provides a variety of financing solutions for individuals, enterprises, government agencies, and Internet car rental platforms to purchase cars, and users can choose vehicles and vehicle repayment programs according to their needs. The platform has provided car service for over 400,000 users.

Huashenghaoche will expand its sales network, accelerate the layout of new energy vehicle stores, and optimize and upgrade its information system.

## Funding rounds

- Series B, Oct 24, 2018, $210M — Crescent Point, Goldman Sachs Asset Management, Frees Fund, JD Technology Group

## Investors

- Crescent Point (https://capitalatlas.ai/funds/crescent-point) — Series B
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series B
- Frees Fund (https://capitalatlas.ai/funds/frees-fund) — Series B
- JD Technology Group — Series B