# Jiangsu Kangzhong Auto Parts Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/jiangsu-kangzhong-auto-parts-co

- Industry: Internet
- Headquarters: Nanjing, China
- Website: www.ncarzone.com
- Total disclosed funding: $283M
- Latest round: Series D (Sep 16, 2021)
- Investors on record: 11

## About

Based in Nanjing, China, and founded in 2013 by its CEO Mr.Shang Baoguo, Jiangsu NEW CARZONE Auto Parts Co., Ltd., trading under the name New Carzone Inc., operates as an automotive aftermarket service platform that focuses on auto parts procurement wholesale. In September 2021, New Carzone Inc. raised USD 200 million in series D funding led by Asia Investment Capital Holdings, with Dragon Capital, Alibaba Group Holding Limited, and Shanghai Yunlong Equity Investment Fund Management, along with other unspecified investors, also participating in the round.

New Carzone Inc. provides an after-sales accessory direct sales service for terminal repair shops via the Internet. The product of the company includes a braking system, ignition system, and battery, such as oil filter, high-voltage line, and flywheel. The company adopts a business-to-business model. New Carzone Inc. develops F6 automotive technology.

New Carzone Inc. will use the funding for the expansion of the national market of C-end Tmall car stores.

## Funding rounds

- Series D, Sep 16, 2021, $200M — Dragon Capital, Alibaba Group Holding Limited, Asia Investment Capital Holdings, Shanghai Yunlong Equity Investment Fund Management
- Series C, Jul 10, 2018 — Buhuo Venture Capital
- Series B, Jul 4, 2017, $50M — China International Capital Corporation, CoStone Capital, Sunshine Insurance
- Series A, Jun 1, 2015, $33M — Keystone Capital Private Equity (Shanghai), Forward Capital, Huaxin Junrong (Beijing) Asset Management

## Investors

- Keystone Capital Private Equity (Shanghai) (https://capitalatlas.ai/funds/keystone-capital-private-equity-shanghai) — Series A
- Forward Capital — Series A
- Huaxin Junrong (Beijing) Asset Management — Series A
- China International Capital Corporation (https://capitalatlas.ai/funds/china-international-capital-corporation) — Series B
- CoStone Capital (https://capitalatlas.ai/funds/costone-capital) — Series B
- Sunshine Insurance — Series B
- Buhuo Venture Capital (https://capitalatlas.ai/funds/buhuo-venture-capital) — Series C
- Dragon Capital — Series D
- Alibaba Group Holding Limited — Series D
- Asia Investment Capital Holdings (https://capitalatlas.ai/funds/asia-investment-capital-holdings) — Series D
- Shanghai Yunlong Equity Investment Fund Management — Series D