eBaoyang
Committed to being a leading service e-commerce company in the Chinese automotive aftermarket, providing convenient, professional, and reliable services to car owners.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor investor | €0.0 | round | |
JPY150m | Series C | ||
| Total Funding | 000k | ||
| USD | 2020 | 2021 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 99 % | - |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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eBaoyang, operated by Beijing Furui Chemei Information Technology Co., Ltd., was established to address the automotive after-sales service market in China. The company was co-founded in 2014 by Wang Lu and Li Peng, with Wang Lu serving as the CEO. Wang's professional background includes a significant tenure at China Yongda, a major automobile dealer, and experience at Roland Berger, which provided him with a deep understanding of the automotive service industry's intricacies and challenges. This experience was foundational in shaping eBaoyang's strategic direction.
The company provides a platform for car maintenance and repair services, functioning as an online-to-offline (O2O) solution for vehicle owners. eBaoyang's business model centers on connecting car owners with a network of offline service stores, including 4S shops and independent auto repair shops, for services such as maintenance, sheet metal spray painting, and beauty treatments. Revenue is generated by taking a commission, reportedly around 10%, from the service fees paid by the users to the partnered stores. This approach targets individual car owners seeking convenient and transparently priced maintenance options outside the traditional dealership network.
eBaoyang's service is delivered through its online platform, which allows users to select services, choose a nearby affiliated store, and make payments. A key feature is the provision of standardized and transparent pricing for various maintenance packages and services, aiming to solve the common issue of price opacity in the auto repair market. The platform also emphasizes quality control by partnering with established 4S shops and other certified service providers, ensuring that maintenance is performed by qualified technicians using genuine parts. By aggregating demand and partnering with numerous service providers, eBaoyang offers a convenient and cost-effective alternative for post-warranty vehicle care.
Keywords: automotive aftermarket, O2O platform, car maintenance, vehicle repair, online-to-offline, China, auto services, transparent pricing, 4S shops, commission model