Fundz

Dst Raises Us$80 Million In Latest Round Of Financing

PRIVATEDec 11, 2023

Amount Raised

$80 Million

Round Type

Funding Round

ShenzhenTransportationLogistics

Description

DST, China's leading new energy vehicle ("NEV") fleet management company, today announced the completion of a US$ 80 million round of financing, led by a globally renowned growth fund as well as several existing shareholders. This investment will fuel further investments in R&D and, more specifically, its real-time computational analytics. These technologies are key to enhancing DST's digitalized fleet management capabilities and helping to efficiently and effectively expand and manage the increased scale of the company's NEVs for logistics fleet in China.

Who else raised in Transportation and Logistics around the same time

Companies in the same sectors as DST that raised within 45 days of this round, from Fundz verified event records.

  • Evify raised $1.3M (Seed) on January 10, 2024.
  • G2Mint raised $400K (Seed) on December 28, 2023.
  • Oxyzen Express raised $3M (Seed) on December 23, 2023.
  • TUNL raised an undisclosed amount (Funding Round) on December 13, 2023.
  • GenLogs raised $3.5M (Seed) on December 11, 2023.
  • Solvento raised $50M on December 6, 2023.

Who to call at DST, and when

A new round usually means DST is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day DST raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at DST, from your own LinkedIn network

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Company Information

Company

DST

Location

Shenzhen, Guangdong, China

About

Founded in 2015, DST Electric Vehicle Rental (Shenzhen) Co., Ltd.("DST", the "Company", "we"), is a leading digital intelligent operation service provider in China for new energy logistics vehicles. Based on the principles of green and sustainable development, we take the responsibility of promoting the full electrification of urban logistics vehicles and managing their life cycle as our approach. DST connects the whole value chain of the new energy logistics vehicle industry and provides customers with a digital intelligent operation service network, including asset operation and services integrating vehicle leasing and sales, charging, storage, maintenance, and cascade utilization. We empower every participant in the industry to achieve efficiency and value enhancement by "service-oriented" and continue to promote the standardization and intelligence of the industry, so that the emerging ecosystem will become simpler and more effective due to DST.

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DST raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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