Ingka Investments led a $100m Series C funding round in DST.

Ingka Investments, the investment arm of Ingka Group, led a $100m Series C funding round in DST, a provider of charging and management solutions for new energy vehicles. The round had participation from investors SMRT Ventures, China Securities, Bojiang Capital and Matrix Partners China. "Our ambition is to standardize the intra-city logistics EVs and increase the efficiency of China's new energy industry. In addition, DST is entering new and international markets. By leveraging our online platform and offline service capabilities, we aim to build a world-class digital platform for new energy logistics vehicle management," Haiying Zhang, DST Founder.