# Yuan Planet

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/yuan-planet

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Beijing, China
- Website: www.youdi.net
- Total disclosed funding: $16M
- Latest round: Series B (Sep 21, 2023)
- Investors on record: 5

## About

Established in 2019 and based in Beijing, China, Yuan Planet operates as an automotive recycling solutions provider that focuses on building an automotive reuse parts supply chain platform. China Aluminum Corporation (CAC) is the strategic partner of the company. It has dismantling plants in Zhaoqing, Chongqing, Changsha, Linfen and Baoding, etc. The company cooperates with Nio Limited to establish a new energy vehicle dismantling laboratory. In September 2023, the company closed series B+ funding from Gobi Partners. 

The company engages in the construction of an automotive reuse parts supply chain platform, including components database and cloud-based SaaS management platform. Besides, the company also provides automotive reuse parts, remanufactured parts and automotive recycled materials, such as engines, steering gear and transmission.

The company plans to use the Malaysian dismantling plant as a transit hub to export products and connect global markets.

## Funding rounds

- Series B, Sep 21, 2023 — Gobi Partners
- Series B, Jan 27, 2022, $16M — Joy Capital, NIO Capital
- Series A, Mar 9, 2021 — NIO Capital
- Series A, Nov 30, 2020 — Hong Shan, MPC
- Angel, Apr 1, 2020 — Hong Shan

## Investors

- Hong Shan — Angel, Series A
- MPC — Series A
- NIO Capital (https://capitalatlas.ai/funds/nio-capital) — Series A, Series B
- Joy Capital (https://capitalatlas.ai/funds/joy-capital) — Series B
- Gobi Partners (https://capitalatlas.ai/funds/gobi-partners) — Series B