Shanghai Zhizhu IoT Technology

About Shanghai Zhizhu IoT Technology

Shanghai Zhizhu IoT Technology Co., Ltd., operating as Zhizu Tech, is a technology company in the new energy sector, established on January 18, 2018. The company focuses on providing comprehensive solutions for the "instant delivery" industry, particularly for two-wheeled electric vehicles.

The founder and CEO is Li Xuejun, who holds a degree from Anhui University of Finance and Economics and is a senior economist. His previous experience includes serving as president of Jinpeng Vehicle Industry and as vice chairman and president of Zongshen Vehicle Industry, background that directly informs Zhizu Tech's strategic direction in the electric vehicle market.

Zhizu Tech's business model revolves around providing a suite of services for two-wheeled electric vehicles. This includes the rental and sales of specialized smart vehicles, the deployment of intelligent battery charging and swapping cabinets, and the supply of new energy smart lithium batteries. The company monetizes these offerings through service fees. A core component of their operation is an IoT cloud management platform and an online big data service, which enables efficient management and maintenance of their network. The business has expanded to nearly 100 cities, including major hubs like Beijing, Shanghai, Guangzhou, and Shenzhen, serving a user base in the millions. To date, the company has facilitated over 500 million battery swaps, enabling a cumulative 10 billion kilometers of green travel.

The company's clientele includes major B2B players in the logistics and delivery sectors, such as SF Express, JD.com, and the major Chinese express delivery companies (ZTO, STO, YTO, and Yunda), as well as China Post. In the food delivery market, Meituan and Ele.me are key clients. The company also serves fresh food e-commerce platforms like Hema Fresh, Dingdong Maicai, and MissFresh, along with new retail enterprises like RT-MART and Yakult. Beyond its enterprise clients, Zhizu Tech also caters directly to individual C-end users of two-wheeled electric vehicles.

Zhizu Tech has a significant history of securing investment, including from prominent firms like Panasonic Industrial Capital. The company completed a Series C financing round in February 2024, led by Jintong Capital, with participation from 58.com (Shenqi Capital), Western Advantage Capital, and others. This followed a Series B round of 110 million RMB in January 2022 and an A+ round in August 2020.