Shima Chuxing

Shima Chuxing (什马出行) is a rural mobility company founded in 2015, targeting China's tier-3 through tier-6 markets: it built a business around two-, three-, and four-wheel electric vehicles and motorcycles for rural consumers, combining consumer and supply-chain finance with a terminal network of 50,000+ small shops across 31 provinces and more than 2,600 counties, and by early 2018 had handled nearly 10 billion RMB in cumulative transactions — with partners including top EV brands like Yadea and Jin Peng . FreeS Fund backed it across multiple rounds, including following on its $20 million Series A (with South Korea's KTB Investment Group, announced April 2019), where FreeS's Li Feng framed it as a "consumer downshift" leader with first-mover advantage in lower-tier cities and a viable new-energy vehicle platform . Its sister arm, Shima Financial, evolved from an EV brand into rural internet finance, building a customized credit and risk-control system for rural borrowers . By 2020 it had formed a joint venture with a Fortune-500 central SOE and closed a new round of financing ; elsewhere's corpus has no newer material on it since then.