The latest funding round marks the sixth injection of investment in Jiuye in four years.
Abivin enables route optimization and vehicle capacity maximization for its clients to save up to 40 per cent costs.
Funds raised will enable the company to boost its research and development and scale its operations in the Asia-Pacific region.
The funding round is likely to value the company at about $13 billion.
Investors deployed $61 million in 17 SaaS startups in the March quarter, a six-quarter low in both value and volume.
Rest of Asia
The funding will be used for the startup's overseas expansion, both for production and sales.
Sarmayacar is raising $30 million to target seed to early stage startups in Pakistan.
The Illnois Municipal Retirement Fund had recently approved a $100-million commitment to the vehicle.
The startup secured a seed investment a year ago from Alpha JWC and Japan’s Genesia Ventures.
The London-based startup has raised $1.53 billion to date.
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