Souche is a prominent automotive new retail platform in China that was founded by Mr. Yao Junhong, a former founding team member and vice president of CAR Inc., in December 2012. The company has received over $1.2 billion in investments from notable organizations including Alibaba Group, Ant Financial Services Group, Morningside Venture Capital, Warburg Pincus, and Primavera Capital Group. In August 2018, Souche was recognized in the '2017 New Global Unicorns Ranking' by Silicon Valley global research organization PitchBook. The company aims to establish itself as the leading intelligent force in the automotive industry and has developed an integrated automotive new retail ecosystem. Often referred to as 'the Alibaba of the Chinese automotive industry', Souche and its associated companies are involved in various ventures including the automotive financial leasing platform Tangeche, B2B industrial chain service platform Chehang168, used-car online trade platform Cheyipai, and car sharing customized platform TIHD, among others. With its impressive achievements and investments, Souche is poised for further growth and influence in the industry.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Series F | $578.00M | 7 |
|
10 May 2018 |
| Series E | $335.00M | 6 |
|
01 Nov 2017 |
| Series D | $180.00M | 7 |
|
11 May 2017 |
| Series C | $100.00M | 2 |
|
16 Nov 2016 |
| Series B | $14.90M | 3 |
|
01 Sep 2013 |
No recent news or press coverage available for Souche.
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