Second-hand auto parts platform Youdi has completed its Series B round raising over 100 million yuan ($15 million), per a company statement.
The firm will use the proceeds to shore up technology and also for local and global expansion.
Set up in 2019, Youdi plans to integrate used car recycling organisations, manufacturing companies, and trading platforms to improve efficiency for the industry.
Youdi has previously raised three rounds of financing from the likes of Sequoia Capital China, Matrix Partners China and NIO Capital.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region from January 26-28, 2022.
