Ingka Group’s investment unit has led a series C round for the electric vehicle rental services provider, which also included by SMRT Ventures.
Ingka Investments, a subsidiary of furniture retailer Ingka Group, has led a $100m series C round for China-based electric vehicle rental services provider DST that was also backed by public transport operator SMRT.
SMRT took part in the round through its corporate venture capital arm, SMRT Ventures, while China Securities Investment Capital, Bojiang Capital and Matrix Partners China filled out the list of participants.
DST, which is also known as Dishangtie, was founded in 2015 and provides electric vehicle (EV)…
