About Fairlubo
Fairlubo is a Transportation, Automotive & Logistics company based in Beijing (China) founded in 2011, and was acquired by Bochewang in January 2020. Accident-damaged cars are auctioned to dealers via membership platform. It operates in the Transportation, Automotive & Logistics and Retail sectors. Fairlubo has raised $45 million across 1 funding round from investors including Uxin, Bochewang and Legend Capital. Its focus areas include Consumer, Auto E-Commerce & Content, Second Hand Vehicles and Cars. Its competitors include Souche, Uxin and Automobile industry Internet platform Daxu; 3 of its 3 listed competitors have raised funding.
Company details
Fairlubo was established in 2011 in Beijing, China, within the automotive sector. A membership-based auction platform is provided for dealers to acquire highly damaged vehicles from insurance inventories. Such auctions facilitate the disposal of surplus cars, reducing associated storage and maintenance costs. Premium vehicles are commonly featured in the auctions. Investment of 45 million was obtained from Legend Capital to support operations.
- Headquarters Beijing, China
- Stage Acquired
- SectorsTransportation, Automotive & LogisticsRetail
- Website lubaocar.com
- Acquired by Bochewang (Jan 2020)
Funding Insights of Fairlubo
Fairlubo has successfully raised a total of $45M through 1 strategic funding round. The most recent funding activity was a Series A round of $45 million completed in February 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $45M
- Total Rounds 1
- Last Round Series A — $45M
- First Round $45M
(Feb 2016)
- Investors Count 2
All 1 funding rounds of Fairlubo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2016 | $45M | Series A | – | Legend Capital |
3 investors in total: 3 institutional.
Investors in Fairlubo
Fairlubo has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Uxin, Bochewang and Legend Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture Capital firm focused on multiple sectors | legendcapital.com.cn | Haidian, China | ||
Used cars are auctioned online through a B2C platform. | 2011 | xin.com | Shenzhen, China | |
Web platform for auction of second hand restored cars | 2014 | bochewang.com.cn | Beijing, China |
Investor details for Fairlubo
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Timeline of Fairlubo
3 dated milestones of Fairlubo across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Fairlubo is founded.
- Funding First funding round of $45.0M.
- Exit Acquired by Bochewang.
Competitors of Fairlubo
Fairlubo has 3 listed competitors in our database, 3 of them funded. They include Souche, Uxin and Automobile industry Internet platform Daxu.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| souche.com | 2012 | Hangzhou, China | $1.21B | O2O-based used car transaction platform | ||
| xin.com | 2011 | Shenzhen, China | $500M | Used cars are auctioned online through a B2C platform. | ||
| dasouche.com | 2012 | Hangzhou, China | $578M | SaaS-driven dealership management solutions for automotive dealerships |
Detailed competitors of Fairlubo
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Related news about Fairlubo
Complete news archive for Fairlubo
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Frequently Asked Questions about Fairlubo
Fairlubo was founded in 2011 and raised its 1st funding round 5 years after it was founded.
Fairlubo is headquartered in Beijing, China.
Fairlubo is a funded company, having raised a total of $45M across 1 funding round to date. The company's 1st funding round was a Series A of $45M, raised on Feb 2016.
Fairlubo was established in 2011 in Beijing, China, within the automotive sector. A membership-based auction platform is provided for dealers to acquire highly damaged vehicles from insurance inventories. Such auctions facilitate the disposal of surplus cars, reducing associated storage and maintenance costs. Premium vehicles are commonly featured in the auctions. Investment of 45 million was obtained from Legend Capital to support operations.
Fairlubo's top competitors include Uxin, Souche and Automobile industry Internet platform Daxu.
Fairlubo has 3 investors. Key investors include Uxin, Bochewang, and Legend Capital.
Yes. Fairlubo was acquired by Bochewang in January 2020.