Dst Closes $100 Million Series C Round

DST, the largest logistics electric vehicle (EV) operations platform in China, announced the completion of its latest round of Series C funding. This round was led by Ingka Investments (part of Ingka Group), followed by SMRT Ventures, China Securities Investment Capital and existing shareholders including Bojiang Capital and Matrix Partners China. TH Capital acted as the exclusive financial advisor. The capital will be used to add new capabilities to its digital platform, expand its maintenance network and enter international markets