Recently, Yourbay Technology ,a digital service platform for commercial vehicles, has successfully introduced a strategic financier and completed an angel round of funding of CNy tens of millions. The financing will be used for the upgrade of Youbay Technology's digital service platform and the upgrade of the national service network.
Recently, Yourbay Technology (Chinese: 友备科技), a digital service platform for commercial vehicles, has successfully introduced a strategic financier and completed an angel round of funding of CNy tens of millions. This round of financing was led by Shenzhen Bay Angel Fund III (Chinese: 深圳湾天使三期基金), which is operated and managed by TopoScend Capital (Chinese: 投控东海). It is reported that the financing will be used for the upgrade of Youbay Technology's digital service platform and the upgrade of the national service network.
Established in August 2021, Yourbay Technology provides one-stop services for the commercial vehicle (tractor, semi-trailer, reefer) aftermarket, including repair and maintenance, spare parts sales and vehicle circulation transactions. It has reached strategic cooperation chain services with dozens of first-tier customers, such as SF (Chinese: 顺丰), JD (Chinese: 京东), YTO Express (Chinese: 圆通快递) and others.
The data shows that in 2021, the number of semi-trailers in China will be 3.4 million. The estimated size of the semi-trailer aftermarket is CNY 24 billion. At present, Yourbay Technology’s car maintenance platform has connected more than 40,000 vehicles. Yourbay Technology's car maintenance estimates that it will link more than 200,000 vehicles in the next three years, and the market size will be nearly CNY 500 million.
Based on the transformation and enhancement of the commercial vehicle after-market service scenario, Yourbay Technology created four major service products on the platform, namely basic maintenance service, TCO (Total Cost of Ownership) hosting service, SAAS software service and comprehensive value-added service, in order to meet the individual requirements of different customer groups such as end customers, logistics enterprises, OEMs and other industry platforms.