The electric vehicle rental service followed a $47m round in March with a $43.2m series B1 round that was led by Bojiang Capital and backed by Itochu.

Dishangtie, the China-based operator of an electric vehicle (EV) rental service, has received RMB300m ($43.2m) in series B1 funding from investors including diversified trading group Itochu, China Money Network has reported.

Bojiang Capital, a venture capital vehicle for financial services firm Bojiang, led the round, which also featured contributions from existing investors including Qiming Venture Partners and Matrix Partners China.

Dishangtie runs a rental and maintenance service for commercial electric vehicles such as vans, trucks and other heavy vehicles.

Itochu made its invest in August this year in connection with a partnership involving EV logistics services. Qiming and Matrix Partners China had previously co-led a $47m round for the company in March this year.

Photo courtesy of Dishangtie.

Robert Lavine

Robert Lavine is special features editor for Global Venturing.