# Shenzhen Jinhang Energy Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shenzhen-jinhang-energy-technology-co

- Industry: Oil & Gas
- Headquarters: Tianjin, China
- Total disclosed funding: $15M
- Latest round: Series A (Jul 31, 2020)
- Investors on record: 4

## About

Established in 2012 and based in Tianjin, China, Shenzhen Jinhang Energy Technology Co., Ltd. is a vertical platform for oil e-commerce. In July 2020, Shenzhen Jinhang Energy Technology Co., Ltd. raised at least RMB 10 million led by new investor Huihe Capital, followed by returning investor Shanghai Oil Information Technology Co., Ltd.

The company focuses on the B2B procurement service of oil. By integrating offline scenarios such as oil depots, oil trucks, and oil stations, the company uses Internet technology to standardize the way of oil extraction in oil depots, and centralize the transportation of oil trucks, oil stations, and terminal oil companies.

The company generates revenue by providing oil trading services.

## Funding rounds

- Series A, Jul 31, 2020, $1.4M — Shanghai Oil Information Technology Co., Ltd., Huihe Capital
- Series A, Jun 8, 2020, $14M — K2VC, China Merchants Venture Investment Management

## Investors

- K2VC (https://capitalatlas.ai/funds/k2vc) — Series A
- China Merchants Venture Investment Management (https://capitalatlas.ai/funds/china-merchants-venture-investment-management) — Series A
- Shanghai Oil Information Technology Co., Ltd. — Series A
- Huihe Capital — Series A