Baturu Technology, a Chinese auto parts transaction platform, has raised US$100 million in its Series C funding round led by Warburg Pincus.
Eastern Bell Venture Capital, an existing investor in Baturu, also participated of the funding round, which according to sources, has raised the largest amount of capital among all Chinese auto parts platforms.
Baturu, which was established in 2013, provides a complete supply chain loop for auto parts, including maintenance, wearing, mechanical, and collision replacement parts. It is a direct supplier of several motor insurers in China, including Answern Property & Casualty Insurance, China Insurance, China Continent Insurance,
China Pacific Insurance, Dinghe Insurance, and Sunshine Insurance Group.
According to Baturu, it carries products for over 60 mainstream vehicle makes, with over 4 million SKUs in its inventory.
In 2015, it held a Series A financing round led by Qifu Capital, while its Series B round attracted investment from Huachuang Capital and Eastern Bell.
“The support of Warburg Pincus will further enhance our operational and offline delivery capabilities, laying the foundation for continued expansion in China,” said Zeng Wangui, founder and CEO of Baturu. “Our immediate focus is on smooth operation and market expansion with the recent launch of the South China central warehouse and distribution centre.”
