COMPANY PROFILE

Shenmachuxing.com

Shenmachuxing.com is a company connecting the travel data of hundreds of millions of rural users with the Internet of Things

Huangpu, ChinaFounded 2018Travel

Valuation $100–250M Last recorded · 2019

Total funding $10–50M Disclosed equity funding

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About Shenmachuxing.com

Founded in 2018 by Ning Rui, Shenmachuxing.com operated from its headquarters in Shanghai, China, as an Internet of Things (IoT)-enabled business-to-consumer (B2C) retail platform focused on electric vehicles. The company aimed to digitize the new energy vehicle industry, particularly targeting individual users in China's rural cities. Its business model centered on an online-merge-offline (OMO) distribution network, providing customers with a comprehensive suite of services including financing, transaction support, and retail options, all integrated into one platform to enhance the purchasing experience.

The platform functioned as a trade-in and retail hub for electric vehicles, leveraging IoT technology to streamline its operations. Shenmachuxing.com's strategy involved creating a seamless bridge between online browsing and offline vehicle acquisition for consumers in less urbanized areas. Over its active years, the company successfully raised a total of $20 million in funding across three rounds from five investors, including notable names like KTB Investment & Securities, Red Avenue, and Frees Fund. Despite its efforts and initial funding, the company is now listed as deadpooled and is no longer active.

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At a glance

Status: Operational
Founded: 2018
Headquarters: Huangpu, China
Open positions: None listed
Dealroom signal: 18.3/100
Industry: Travel
Sub-industry: Travel Analytics & Software
Sector: Travel, Internet of Things
Technology: IoT InternetOfThings
Client focus: b2c
Links: Website

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Funding history

2 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
SERIES A✓Equity / VC	Apr 2019	$20M	$80M	Daol Investment (Formerly KTB Network) · Frees Fund	—
SEED✓Equity / VC	Aug 2018	$10M	$40M	Red Avenue	—

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Growth signals

Shenmachuxing.com website traffic

Latest recorded traffic for Shenmachuxing.com is 200 monthly website visits, up 11.1% over the last three months.

Latest monthly visits200 3-month web change+11.1%

Monthly website visitsMay 2018–Feb 2023

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