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Nanjing firm providing third-party testing for second-hand vehicles to dealers, e-commerce platforms, insurers and lenders.
Weizhen Yanche was established in 2015 in Nanjing, China, and tests used vehicles across 300 inspection items, with a focus on accident, fire and flood-damaged cars. It also tests new energy vehicles and vehicle software and trains vehicle appraisers, having trained 2,000 by May 2022. Clients include second-hand car markets, vehicle dealers, e-commerce platforms, insurers and financial institutions. The company raised Series A+ funding from Huitongda Network Co., Ltd. in September 2023, has more than 310 employees, and is led by CEO Lei Yao.
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