Zhejiang Kuaizhun Car Service Network Technology

About Zhejiang Kuaizhun Car Service Network Technology

Zhejiang Kuaizhun Car Service Network Technology, operating as kzmall.cn, is a digital auto parts supply chain service platform founded on August 1, 2015. The company was established by Jiang Renhai, who also founded the Jujiang Group, a major battery manufacturer in China. Drawing from his two decades of experience in the automotive parts industry, Jiang launched Kuaizhun to enhance the efficiency of the automotive aftermarket. He is joined by co-founder and President Zhang Wenbo.

Operating a B2B model, the company sources auto parts directly from manufacturers and delivers them to auto repair shops, streamlining the supply chain. Its clients are primarily automotive repair businesses across China. Revenue is generated from the sale of these parts. The company's platform provides a comprehensive solution for repair shops, offering not only parts but also support in areas like finance, logistics, and technical training. Kuaizhun has established a nationwide logistics and warehousing system to ensure rapid delivery, promising parts within 30 minutes in covered areas. The platform utilizes a data system to achieve high accuracy in parts matching, with a claimed precision rate of over 98%.

The company has secured multiple rounds of funding, including a $60 million Series B in August 2019 led by Genesis Capital and a 200 million RMB Series D in January 2024. These investments have fueled its expansion, which includes building out its network of warehouses and service stations. As of early 2024, Kuaizhun had over 2,500 service stations nationwide. The company has also expanded its product lines to include more specialized items like chassis components and parts for new energy vehicles. Recently, Kuaizhun announced plans for global expansion, aiming to adapt its proven domestic business model to international markets, particularly in non-developed countries.