Chapter 160 Shancheng International Auto Show! (Please subscribe)

Director Zhang, who figured out the key point, was very happy.

This plan is really awesome!

I have to say that Feng Rong, a person in the investment circle, is really great at capital operation. This plan is completely the best solution for Phoenix at the moment!

Thinking of this, he said excitedly:

"Boss, I have known Feng Rong for so long. I think this plan is okay!"

"Our core business at Phoenix now is electric motorcycles and Phoenix cars in the future. If it is just Phoenix car sharing for financing, it is completely acceptable!"

"Besides, once we cooperate with top capital groups such as Gaoling and Sequoia, we can make more use of their connections in the future!"

Hu Lai nodded. If Phoenix hadn't suddenly been financially strapped this time and asked Feng Rong, he would never have thought that Phoenix Sharing Cars could still operate like this.

Capital operation, it seems, still requires professional talents to do it well!

"Old Zhang, let's not delay this matter. Quickly notify Song Yang and Zhang Feiyang to come over and let's discuss it!"

"good!"

After being notified personally by Director Zhang, Zhang Feiyang, who had just been separated for a while, rushed to the Phoenix headquarters in confusion. Not long after, Song Yang also came to the office.

Seeing that several of the most important senior executives of the Phoenix Group were present in the office, he didn't waste any time and directly stated his thoughts.

And when Hu Lai explained the general plan provided by Feng Rong, Zhang Feiyang and Song Yang understood what it meant.

“Is Phoenix Car Sharing ready to receive financing?”

The two of them were quite surprised, but after a moment, Song Yang was the first to react!

Pie in the sky!

Song Yang was extremely pleasantly surprised. He was the CEO of Phoenix Sharing Cars, and he was much more concerned about the development of shared cars than Hu Lai!

Nowadays, the situation of Phoenix Shared Car is very good in Shancheng City, and because of the FH0008 incident, the brand popularity of Phoenix Shared Car is well known throughout the country.

In the past, Phoenix Shared Cars has not expanded to first-tier cities due to lack of funds. If it can really obtain financing, Phoenix Shared Cars will definitely be unstoppable!

The first batch will be rolled out in first-tier cities, and then expanded to surrounding counties and districts with the city as the center. Soon the car sharing network will be rolled out!

The more Song Yang thought about it, the more excited he became, and Zhang Feiyang next to him also came to his senses.

"Song Yang, it's time for me to hug you. When you get financing for your shared car, you need to place more orders for 'Dragonfly' and 'Ephemera'!"

Zhang Feiyang burst out laughing, and he also figured out that once shared cars get financing to expand across the country, the most indispensable purchase is shared cars.

A mountainous city needs thousands of shared cars, let alone several big cities!

That’s tens of thousands of cars to start with!

"Haha, Feiyang, this is all an internal matter within our group. The meat is rotten in the bowl, so why can't you hold on to it!"

Hu Lai saw the two of them pretending to be polite, and felt in his heart that this move really saved the life of the entire Phoenix Group.

Next, Hu Lai arranged for Song Yang to make corresponding plans. When he got off work in the afternoon, Feng Rong also flew to Shancheng City.

Hu Lai has been waiting in the office for a long time.

"Haha, Mr. Hu, long time no see!"

After the two exchanged pleasantries, they directly talked about financing.

Hu knew the general situation of financing before he came.

Generally speaking, after a startup company is established, the first financing is a seed round.

The amount of the seed round is very small, ranging from hundreds of thousands to one or two million.

The most common financing is to start with the angel round, and then the A round, B round, C round, and D round financing. When you can get the C round or D round, you are almost close to listing.

The core of the entire investment process is actually the elimination round.

From Round A to Round D, only those who are favored by market funds can enter the next round of financing, and the amount of financing received in each round is much more than the previous round!

This kind of financing will continue until the listing, and the investment groups involved in the A to D rounds of investment will also make a lot of profits after selling the company after the listing. This is the entire process of financing and investment.

Feng Rong looked at Hu Lai:

"Mr. Hu, if companies like Phoenix Car Sharing, which have been in operation for several months and have a very clear overall business model, want to raise funds, they can directly raise Series A financing."

"If the next development in first-tier cities is good, we can immediately carry out Series B financing."

"Generally, the amount of Series A financing is around 100 million."

One hundred million?

Hu Lai weighed it in his mind, even though he had only spent five million to buy the Snail Sharing car from the Mustang factory.

But these days, I have been purchasing "mayflies" and "dragonflies" one after another, and I have spent a lot of money.

One hundred million is still a bit too little.

His expression remained unchanged, waiting for Feng Rong to continue.

Feng Rong was not in a hurry, with a smile on his face:

"However, for companies like Phoenix Car Sharing that have proven their business model, are already profitable, and have a certain reputation nationwide due to the FH0008 incident, the financing amount will not be too low."

"Based on my current valuation of Phoenix Shared Cars, I estimate that with 25% of the equity, we can raise around 1 billion in Series A."

One billion?

Hu Lai was stunned. One billion for Series A?

This is not selling Phoenix Sharing Cars, but just getting 25% of the equity in exchange for one billion?

The most important thing, according to Feng Rong, is that this is only Series A financing!

Hu Lai was a little moved.

Feng Rong continued:

“In the early years when shared bikes were the hottest, even Alibaba and Tencent stopped selling them themselves!”

"Several bike-sharing companies have raised tens of billions. Although the concept of sharing is not very popular now, the situation with Phoenix Car Sharing is slightly different."

"If we raise Series B financing, I estimate that more than 6 billion will be no problem!"

Series B financing of 6 billion?

Hu Lai's heart skipped a beat. Before he could speak, Feng Rong said with emotion:

"If the B round is completed and there is a C round, the financing amount may be 10 billion or 20 billion, or even a direct listing."

"Mr. Hu, you have to know how long it will take to earn 10 billion based on the profitability of Phoenix Car Sharing alone! This is the charm of capital!"

"If it can be listed in the future, it can also be listed in America or A-shares, that would be even more incredible!"

Feng Rong's last few words completely moved Hu Lai.

Phoenix car sharing itself is not part of Phoenix's core business. Moreover, if car sharing continues to develop in Shancheng City, when will it earn 10 billion?

"Okay!, I agree to the financing."

Hu Lai no longer hesitated, and the two discussed until late at night. Finally, under Feng Rong's personal advice, Hu Lai decided to introduce four investment groups: Gaoling, Sequoia, Shenzhen Venture Capital and IDG.

Before finally ending the discussion, Feng Rong suddenly suggested that Hu Lai introduce Shancheng City officials and let the officials participate in a certain equity stake.

Hu Lai thought for a moment and figured out the key point, and couldn't help but sigh.

"Mr. Feng, you are very considerate, especially the introduction of Shancheng City officials, which is indeed necessary for the subsequent development."

"In this way, Phoenix Car Sharing has introduced Yanguo's top venture capital company, and it can rely on your contacts to expand in various cities across the country."

Hu Lai paused:

"Next, I will arrange for Factory Director Zhang to contact the remaining investment groups to see if they are willing to invest."

Feng Rong laughed loudly, who would refuse to invest in Phoenix Sharing Car!

Just kidding, Phoenix finally relented to accept financing, how could it not seize this excellent opportunity!

Even if the car-sharing project is not very good, if you reject Phoenix Factory this time, will it be your turn next time Phoenix has other financing?

Think beautifully!

Moreover, the most important thing about capital investment is not whether it can make money in the short term, but whether it can be listed on the market is the most important thing.

Phoenix Car Sharing’s excellent financial reports and business model make it possible to go public!

This alone is enough to tempt investment groups.

The two discussed the details of the fund-raising and felt relaxed.

While chatting, Feng Rong couldn't help but think of the rice group Rebus's desire to purchase the Phoenix technology license.

He originally wanted to ask questions for Mr. Rebsley, but he still didn't ask Hu Lai. Instead, he asked about the Phoenix "Qingluan".

"Mr. Hu, I saw some time ago that you have been targeting Zesla model 3, even at the press conference. Are you and Zesla fighting to the death?"

"I also want your "Qingluan" series. There are rumors on the Internet that you will launch it at the Shanghai International Auto Show?"
To be continued...