地上铁 is described as one of the global leaders in digitalized operations for new-energy logistics vehicles. The company combines supply-chain management and data-intelligent operations capabilities to optimize lifecycle efficiency and costs for electric logistics fleets. It is targeting China and Southeast Asian markets and is advancing a global electrification enablement strategy. As of June 2024, its new-energy logistics vehicle service scale exceeded 130,000 vehicles, signaling scalable replication of its service network. Leadership says the company will deepen strategic cooperation in Southeast Asia and continue improving service quality and operational efficiency to help customers reach logistics net-zero goals. The CFO emphasized that the completed financing will provide cash flow to support continued green development and global strategy execution. DST is a digital intelligent operation service provider for new energy logistics vehicles, founded in 2015 and based in Shenzhen. Its offerings span vehicle leasing and sales, charging, storage, maintenance, cascade utilization, a digital logistics platform, and an offline service network. The company reports roughly 100,000 logistics NEVs under management, serving more than 5,000 enterprise clients and over 400,000 drivers. DST is investing in real-time computational analytics and broader R&D to enhance its digitalized fleet-management capabilities. Planned uses of capital include expanding the scale of its NEV fleet in China, deepening R&D, increasing its offline service footprint, and offering comprehensive tailor-made service packages. DST also intends to explore international expansion with strategic and financial partners while maintaining a focus on sustainability and ESG, including a Cicero "Dark Green Rating" for revenue and CAPEX. DST operates an offline and online platform that provides EV rental services for trucks and vans plus a full set of aftermarket services including charging, fleet repair, maintenance and insurance. Its online digital platform allows clients and drivers to monitor vehicle and battery data and collect route information to enable EV life-cycle management and improve operational efficiency. The offline network covers operation branches, charging sites, maintenance stations and service partners across China. To date DST has serviced over 2,500 clients and manages a fleet of close to 40,000 EVs across 200 cities. Its network includes 8,000+ service stations, 150,000 charging piles and 400+ maintenance suppliers. The company was founded in 2015 by Haiying Zhang and is based in Shenzhen.

Total raised

$180M

Funding rounds

3

Latest round

Equity

Latest activity

Dec 2023