# New Sorl Auto Parts

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/new-sorl-auto-parts

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Rui'an, China
- Website: www.cnsorl.com
- Total disclosed funding: $146M
- Latest round: Series B (Aug 18, 2023)
- Investors on record: 12

## About

Based in Ruijin, China and established in 2016, Ruili Group Company business named New Sorl Auto Parts is an auto parts company that operates a business auto parts e-commerce platform. The brand of New Sorl Auto Parts operates by Zhejiang Xinruili Auto Parts and belongs to Ruili Group Company. The company has more than 300 direct operation stores. The company has 7 oversea offices. In August 2023, New Sorl Auto Parts raised approximately CNY 500 million in series B funding led by new investor CICC Capital, with participation from other new investors Haier Capital, Jihe Building, Langfang State-owned Assets Management, Ruijian Venture Capital, Wenzhou Transportation Group Co.,Ltd., and Zhongsu Capital.

The company engages in the sales and distribution of auto parts and vehicle parts. It has an online purachasment platform and offline stores. As of August 2021, the platform served more than 100,000 clients. Its main products include automobile air brakes, hydraulic brakes, automobile electrical appliances, automobile instruments, power steering pumps and automobile ABS, etc. The company sells products through directly-operated stores.

## Funding rounds

- Series B, Aug 18, 2023, $69M — China International Capital Corporation, Haier Capital, Zhongsu Capital, Ruijian Venture Capital, Wenzhou Transportation Group Co.,Ltd., Jihe Building, Langfang State-owned Assets Management
- Series A, Aug 17, 2021, $77M — SPIC Industrial Fund Management, Hengxu Capital, Auto Capital, Zhucheng Yihe Axles Co.,Ltd, Qingte Group Co.,Ltd.

## Investors

- SPIC Industrial Fund Management (https://capitalatlas.ai/funds/spic-industrial-fund-management) — Series A
- Hengxu Capital (https://capitalatlas.ai/funds/hengxu-capital) — Series A
- Auto Capital (https://capitalatlas.ai/funds/auto-capital) — Series A
- Zhucheng Yihe Axles Co.,Ltd — Series A
- Qingte Group Co.,Ltd. — Series A
- China International Capital Corporation (https://capitalatlas.ai/funds/china-international-capital-corporation) — Series B
- Haier Capital (https://capitalatlas.ai/funds/haier-capital) — Series B
- Zhongsu Capital (https://capitalatlas.ai/funds/zhongsu-capital) — Series B
- Ruijian Venture Capital — Series B
- Wenzhou Transportation Group Co.,Ltd. — Series B
- Jihe Building — Series B
- Langfang State-owned Assets Management — Series B