YIAUTO is a technology company.
YIAUTO has raised $100.0M across 3 funding rounds.
YIAUTO has raised $100.0M in total across 3 funding rounds.
YIAUTO has raised $100.0M in total across 3 funding rounds.
YIAUTO's investors include Granite Asia, Qiming Venture Partners.
YIAUTO is a China-based automotive retail platform operated by Xiamen Yiche Shidai Information Technology, functioning as an online and offline car-selling chain.[1][4][6] It provides a one-stop car purchasing service as a channel distributor, enabling customers to buy new and used cars from over 40 domestic and foreign brands through its online marketplace and more than 200 physical outlets, primarily in southern China.[1][4][5][6] YIAUTO serves individual consumers and third-party buyers seeking seamless vehicle acquisition, addressing pain points like fragmented dealership networks, delivery logistics, and access to diverse inventory by combining digital convenience with offline collection.[1][4][6] The company has shown strong growth momentum, raising $70 million in a Series C round in 2021 led by SIG China, following prior rounds totaling over $100 million, which supported outlet expansion and platform enhancements.[4]
YIAUTO was established in 2015 under the YIAUTO brand, emerging as a response to China's evolving automotive retail landscape where consumers demanded efficient, multi-brand purchasing options.[5] Founded amid the rise of e-commerce in autos, it quickly gained traction through angel funding in 2016, followed by a Series A round (tens of millions of yuan) from K2VC in April 2019.[4] Pivotal moments included a Series A+ round (RMB150 million, or $22.3 million) co-led by BlueRun Ventures and GGV Capital that same month, a Series B (tens of millions of USD) led by Sky9 Capital in September 2020, and the landmark Series C in 2021, which accelerated its hybrid online-offline model.[4] These funding milestones, backed by prominent VCs like GGV Capital and Sky9, fueled rapid scaling to over 200 outlets and broader brand coverage, humanizing its story as a scrappy startup turning digital disruption into a nationwide chain.[4]
YIAUTO rides the wave of China's digital automotive retail transformation, where e-commerce platforms disrupt traditional dealerships amid rising online car sales and EV adoption.[4][6] Timing is ideal post-2015, aligning with explosive growth in auto marketplaces fueled by mobile commerce and post-pandemic shifts to hybrid retail; market forces like urbanization, middle-class expansion, and competition from giants like Tesla amplify its relevance.[1][4] By enabling third-party bulk buys and multi-brand access, it influences the ecosystem by pressuring OEMs to adapt delivery policies and fostering a more consumer-centric supply chain, while its VC-fueled growth contributes to China's startup boom in auto tech.[1][4]
YIAUTO is poised to deepen its dominance in China's used and new car e-retail, potentially expanding outlets northward and integrating AI for personalized recommendations or financing.[4][6] Trends like EV proliferation, live-streaming sales, and global supply chain shifts will shape its path, especially as Chinese brands go international—though regulatory hurdles on third-party deliveries persist.[1] Its influence may evolve from regional chain to national powerhouse, tying back to its core as a tech-enabled bridge for efficient car buying in a massive market.
YIAUTO has raised $100.0M across 3 funding rounds. Most recently, it raised $70.0M Series C in April 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2021 | $70.0M Series C | Granite Asia, Qiming Venture Partners | |
| Apr 1, 2019 | $22.0M Series A | Granite Asia, Qiming Venture Partners | |
| Dec 1, 2018 | $8.0M Seed | Granite Asia, Qiming Venture Partners |