Youcheku operates a B2B institutional used-car supply-chain platform that acquires trade-in vehicles from car-rental companies and wholesales them to used-car dealers. The company is headquartered in Shenzhen and focuses on building a nationwide network for large-scale institutional vehicle disposition. In 2017 Youcheku disposed of more than 5,000 institutional used cars, with transaction value exceeding ¥350 million. The business model relies on bulk institutional supply rather than C2C, positioning the firm to serve dealers who then sell to consumer end users. Proceeds from the recent round will be used to build and operate nationwide vehicle-processing centers, strengthen its scaled disposal network, accelerate the used-car industry-chain ecosystem layout, and further optimize product and operational innovation. An investor quoted in the article compared Youcheku’s model to U.S. peer Manheim and highlighted the large opportunity in the institutional used-car market.

Total raised

$3M

Funding rounds

1

Latest round

Series A

Latest activity

Mar 2018