Chinese digital logistics player secures $14m Series A

Fengwang Investment and Zimi Fund also contributed to the round. Fengwang is an investment firm launched by leading Chinese logistics companies such as SF Express, STO Express, YTO Express. It focuses on the express delivery industry.

Founded in 2017, Kalihulian - also known as Kali - was established by a group of nine domestic logistics companies. It connects fleet operators with cargo owners, providing a one-stop service that includes online order processing and tracking, vehicle insurance, and electronic toll collection. The company claims its network comprises more than 4,000 and covers 94% of the market.

The proceeds of the new round will be used to recruit more logistics fleets to the platform and update digital systems.

"Vehicle logistics is the largest segment of the road transportation industry, with trillions of renminbi. Volume levels in China are similar to the US, but penetration is significantly lower in China. We believe the entire vehicle logistics industry in China is undergoing consolidation," said Rui Wang, a managing director at Sino-Ocean.

He added that Kali is one of the few companies built by leading logistics players located in different parts of China. "It has used information technology to combine several companies into a nationwide vehicle network. We will push it to become the number one in the country," Wang said.

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• Topics
• Greater China
• Early-stage
• Technology
• Logistics
• China