Nucarf

About Nucarf

Nucarf, officially Beijing Niukafu Network Technology Co., Ltd., is a digital infrastructure platform for China's logistics and energy sectors. Founded in 2016 and headquartered in Beijing, the company provides an integrated technology platform aimed at reducing costs and improving efficiency for road freight logistics companies. The business model centers on creating a vast network of partner gas and LNG stations, allowing logistics companies to manage fleet refueling and expenses digitally. This eliminates the need for physical fuel cards and provides real-time data, unified digital invoicing, and optimized refueling routes to find lower costs.

The company was founded by Chen Ziwu. Nucarf's core service offerings include digital refueling and gas management, ETC toll management, and transportation management systems (TMS), accessible via mobile applications like "Wanjinyou Energy". The platform connects logistics enterprises with a nationwide network of over 5,000 gas stations. By digitizing the energy supply chain, Nucarf helps traditional gas stations upgrade their services while providing transparent, real-time data analytics for fleet managers. Revenue is generated through its comprehensive service solutions that provide cost savings and operational efficiencies to its clients.

Nucarf has achieved significant growth through strategic funding and acquisitions. The company received angel investment in 2017, followed by a Pre-A round from Eastern Bell Capital in 2018. In 2020, Nucarf secured nearly $100 million in Series A and A+ funding rounds, with investors including Eastern Bell Capital and Xiamen C&D. That same year, it merged with Baoduitong, a petrol e-commerce company, to form the Nucarf Group, further solidifying its position in the market. By 2021, the company had expanded its product line with the launch of one-stop solutions like "Niu Yunbao" and "Xiao Genban".