Shuma

Shuma (什马) is a Chinese rural mobility fintech founded in 2015 that built a consumer and supply-chain finance business around two- and three-wheeled electric vehicles and motorcycles for lower-tier city and county markets . By early 2018 it had covered 31 provinces, 2,600-plus counties and tens of thousands of townships, with cumulative transaction volume nearing RMB 10 billion . The company raised a RMB 300 million Series C in May 2018 led by Tongbanjie, China Growth Capital and Hanergy Venture Capital, with FreeS Fund having led its Series A and followed through in B and B+ rounds . In 2019 it rebranded or spun out "Shima Chuxing" (什马出行) as a new-energy-vehicle industry internet platform focused on four-wheel NEVs for the same rural demographic, which closed a $20 million Series A in January 2019 from KTB Investment Group and FreeS Fund . FreeS Fund's Feng Li described Shuma as a "consumption-downgrade" leader with first-mover advantage in tier-3–6 cities, positioned to capture the policy-driven shift from fuel vehicles to new energy . elsewhere's corpus does not cover developments after 2019.