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Our mission is to build a nationwide multi-brand service, or MBS, network enabled by an end-to-end, or E2E, automotive supply chain cloud platform equipped with software-as-a-service, or SaaS, management system, and to become the largest new energy vehicle aftermarket service platform for delivering lifecycle automotive services in China. (Incorporated in the Cayman Islands)
We are one of the leading and fast-growing lifecycle automotive service providers in China. In 2021, we ranked first in terms of the growth rate of revenues among all the lifecycle automotive service providers in China, according to the Frost & Sullivan report.
Founded in 2010, we provide high quality, affordable and professional one-stop automotive products and services through online and offline channels countrywide. Leveraging our online supply chain cloud platform, SaaS platforms and the network of MBS stores, we have established an ecosystem of lifecycle automotive services by connecting automotive manufacturers, auto parts manufacturers and insurance companies with MBS stores and various automotive owners. Therefore, we have built an automotive supply and service chain cloud platform utilizing a suppliers-to-business-to-customers, or S2B2C, business model, with automotive manufacturers, auto parts manufacturers and insurance companies acting as the “suppliers,” MBS stores acting as the “business,” automotive owners acting as the “customers,” and us taking the role of “to” to link the industry players and provide the supply and service chain operation services to realize the process synchronization and optimization among the various transaction entities along with the automotive supply and service chain, from merchandise sourcing, ordering and payment, inventory control, and logistics and fulfilment management, to service rendering.
As of March 31, 2023, we had 252 MBS stores, covering five provinces and 17 cities in China. A year earlier – as of March 31, 2022 – we had 102 MBS stores. Most of the MBS stores carry our brand name, “Autozi,” which has a strong brand awareness in the markets we serve.
**Note: Net loss and revenue figures are in U.S. dollars for the 12 months that ended March 31, 2024.
(Note: Autozi Internet Technology (Global) Ltd. priced its IPO at $4.00 – the low end of its $4.00-to-$5.00 range – and sold 2.5 million shares – the number of shares in the prospectus – to raise $10.0 million on Tuesday night, Aug. 27, 2024.)
(Note: Autozi Internet Technology (Global) Ltd. re-filed its IPO – previously withdrawn – and the re-filed IPO has the same terms as the previous version – 2.5 million Class A ordinary shares at a price range of $4.00 to $5.00 to raise $11.25 million, according to an F-1/A filing dated Aug. 2, 2024.)
(Note: Autozi Internet Technology (Global) Ltd. doubled the size of its IPO to 2.5 million Class A ordinary shares – up from 1.25 million shares previously – and kept the price range at $4.00 to $5.00 to raise $11.25 million, according to an F-1/A filing dated June 11, 2024. The Beijing-based company updated its financial statements through the 12-month period that ended Sept. 30, 2023. Background: Autozi Internet Technology (Global) Ltd. cut its IPO’s size to 1.25 million shares – down from 2.5 million – at a price range of $4.00 to $5.00 to raise $5.63 million, according to an F-1/A filing dated April 25, 2024. the company added Kingswood as a joint book-runner to work with lead underwriter US Tiger Securities, according to the F-1/A filing dated April 25, 2024. More Background: Autozi Internet Technology (Global) Ltd. filed an F-1/A dated Aug. 21, 2023, in which it disclosed terms for its IPO: 2.5 million Class A ordinary shares at a price range of $8.00 to $10.00 to raise $22.5 million. Autozi Internet Technology (Global) Ltd. filed its F-1 without disclosing its IPO terms on July 7, 2023. The Beijing-based company submitted confidential IPO documents to the SEC on Jan. 18, 2023.)
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