China-based car maintenance service provider Mocar has raised $10m in a series A round led by alternative asset manager CDH Investments that also featured conglomerate Fosun International, 36kr reported on Friday.
Mocar enables customers to book mechanics for simple repairs and maintenance which are then sent out to the user’s location. It currently operates in Beijing, Shanghai and Chongqing.
Mocar hopes to partner with traditional garages in order to also offer more complicated repairs, and has inked fleet maintenance agreements…
