CIMC VEHICLES’ “VANGUARD TRAILER RENTAL” COMPLETES SERIES A-ROUND FINANCING OF OVER RMB100 MILLION
In March 2022, as a controlling subsidiary of CIMC Vehicles, China Jiangsu Vanguard Trailer Rental Co., Ltd. (“Vanguard Trailer Rental”), a semi-trailer time-sharing rental and full life cycle management service platform, has completed its Series A-round financing, attracting over RMB100 million. This round of financing will be utilized to finance the development of Vanguard Trailer Rental’s existing businesses, replenish working capital, and expedite the promotion of its business model.
The strategic investors introduced in the Series A-round financing include Central SOEs Industry Investment Fund for Rural Area, Jiahui Chuangde and Jiahui Chuangyue, which are subsidiaries of Dowell Capital, and Shenzhen Toposcend Capital, etc.
The successful completion of the Series A-round financing marks the high recognition of the capital market for the development potential of Vanguard Trailer Rental in the semi-trailer time-sharing rental and full life cycle management service industry. Looking ahead, with the support from shareholders, Vanguard Trailer Rental will continue to focus on user scenarios, create one-stop product life cycle solutions of differentiated “sophisticated manufacturing + value-added services + financial management”, and build a new trailer leasing ecological service system of “ not holding, enjoy owning ” to promote the high-quality development of logistics and transportation industry.
