SEVALO

About SEVALO

Founded in 2002 in Wuhan, China, SEVALO is a manufacturer and wholesaler of heavy machinery products, evolving into a comprehensive supply chain service platform for the engineering machinery industry. The company specializes in manufacturing multi-purpose excavators, loaders, and peripheral equipment, as well as offering machinery resale, repair, maintenance services, and remanufacturing. SEVALO serves a variety of industrial clients by providing what it describes as high-quality and reliable machinery supplies.

SEVALO's business model is centered on integrating an internet platform with its industrial operations to reshape the post-engineering machinery market. It operates the O2O (online-to-offline) service platform 'exiaoma.cn' and utilizes a network of digitally covered offline retail stores. This approach aims to provide customers with cost-effective products, supply chain services, and maintenance. The company also provides value-added services like reverse logistics and equipment leasing, leveraging IoT and digital construction technology.

The company's history includes several key milestones. In 2009, its remanufacturing division was recognized by China's Ministry of Industry and Information Technology. It introduced external investors in 2011 and raised $20.5M in a later-stage venture capital round. A significant step was its listing on the 'NEEQ' (National Equities Exchange and Quotations) in October 2015, when it was renamed 'SEVALO Machinery Supply Chain Co., Ltd.'. SEVALO has expanded its market presence across China and internationally into Kazakhstan, where it acts as an official distributor for Zoomlion Heavy Industry & Science and a partner for SDLG.