Commercial vehicle aftermarket service provider Huito recently announces the completion of its Pre-A financing round, raising nearly 10 million yuan. The investors include Tamarace Capital and Tianhui Equity Investment Fund.
Proceeds from this round will be used for software development, product function improvement, market business development and team expansion.
Founded in 2019, Huito mainly utilizes big data, cloud computing, Internet of Things, artificial intelligence and other technologies to provide one-stop information-based operational solutions of maintenance, rescue and vehicle insurance for large fleets, truck 4S stores, repair shops, transportation companies and other enterprise clients.
Dong Xiaowei, executive director and CEO of Huito, said that since the company's product went live on a trial basis in March, it has served a number of medium and large fleets under Ane and Best Express, with nearly a million yuan platform transactions completed.
To date, the company has filed and obtained two invention patents, 15 software copyrights and 45 brand trademarks.