# Weizhen Yanche

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/weizhen-yanche

- Industry: Business Support Services
- Headquarters: Nanjing, China
- Website: www.wzyanche.com
- Latest round: Series A (May 31, 2022)
- Investors on record: 2

## About

Established in 2015 and based in Nanjing, China, Weizhen Yanche is a technology company that provides testing services for second-hand vehicles as a third party. In 2018, the company has 15 stores, then has 30 stores in 2019. The company's CEO is Lei Yao. The company's clients include second-hand vehicle markets, vehicle dealers, e-commerce platforms, insurance companies, and financial institutions. In September 2023, the firm raised series A+ funding from new investor Huitongda Network Co., Ltd. As of 2023, it has more than 310 employees.

The company provides testing services for second-hand vehicles, which have 300 testing items, and focuses on examining major accident vehicles, fire vehicles, and soaking vehicles. The company also provides testing services for new energy vehicles and vehicle software. Moreover, the company provides vehicle inspection training services. And as of May 2022, the company trained 2,000 vehicle appraisal appraisers.

The company will use the Series A funding to expand market share and R&D testing equipment.

## Funding rounds

- Series A, May 31, 2022 — Nanjing Qilin Entrepreneurship Investment, Fengling Capital

## Investors

- Nanjing Qilin Entrepreneurship Investment — Series A
- Fengling Capital — Series A