On-demand Car Maintenance Service eBaoyang Raises Series A Financing Led by Source Code Capital
eBaoyang, an on-demand car maintenance service, has announced that it received US$5 million of Series A financing from Source Code Capital. The funds will be injected in R&D and market expansion, according to the company.
eBaoyang is a car maintenance marketplace that enables mechanics to fix users’ cars at their home, office, or any other place that’s convenient for them. Users can place orders on the company’s site or via its WeChat service account, and then two professional mechanics will join you at the designated time and place to fix the vehicle.
The maintenance process usually takes around 45 minutes to an hour, allowing users to make the best use of their available time. In addition, the process will be videoed to protect the interests of car owners. Car maintenance reports will be sent to users within three days.
The company was founded by Gao Feng, former executive at internet designated driving service platform eDaijia, in Jan. this year. The firm is now operating in Beijing and Suzhou.