Huolala Technology is a Shanghai-based on-demand trucking services provider that handles intra-city and cross-city freight, corporate logistics and moving services, less-than-truck-load deliveries, and car rentals and sales. Founded in 2013, the company operates in 352 cities on the Chinese mainland, connects 480,000 drivers, and serves 7.2 million monthly active users. This year the coronavirus outbreak hit its business severely, with orders at one point down 93% year-over-year, though orders recovered to log 82% growth before China’s National Day holiday in October. Huolala has developed smart solutions such as AR Goods Recognition and Anxinla using augmented reality and deep recognition technology. The company says it will use new funds to expand business in a sinking market and pursue a diversified business layout and logistics intelligence. It completed a USD515 million E-round led by Sequoia Capital China. Huolala Global Investment Limited is presented in the article as an investment vehicle with stakes in the EasyVan, lalamove and Huolala brands. The article reports the firm secured a Series A investment of US$10 million. No details on the company’s core products or services beyond those brand investments are provided. The report does not disclose operating metrics such as revenue or user counts. No valuation, use of proceeds, or investor names are included in the article. Additional corporate details such as founding year or headquarters are not given.

Total raised

$525M

Funding rounds

2

Latest round

Series E

Latest activity

Dec 2020