Announced
Completed
Financials
Sources
Tags
electric vehicles
China
Minority
Completed
Friendly
Private
Specialty Retailers
Cross Border
Venture Capital
ev operations
Private Equity
Acquisition
Synopsis
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.
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