(Yicai Global) Oct. 26 -- Das Master (China) Automotive Services Ltd. has secured hundreds of millions of yuan in its B+ financing and will increase the number of its stores nationwide.

Das Master, founded in December 2014, is a new-style automotive service chain enterprise, positioning itself as a mid- and high-end vehicle maintenance and repair provider solving the problems of unclear repair costs of users not having time to repair their cars. It provides chauffeur service for 24 hours that includes door-to-door pick-up, airport pickup, substitute driving, insurance and other services. In its service mode, the company developed its own internet management system to raise the transparency of its maintenance process. The firm has now completed its fourth round of financing.

Das Master's business includes maintenance, repair and insurance, and users can book, pay, monitor in real time, arrange return visits, lodge complaints online, said Das Master founder and chief executive Zhang Jiupeng. The company expands through direct operations plus authorization, among which acquisition of bankrupt or poorly-managed sales, service, spare parts and surveys (4S) stores or buying shares in suppliers to reduce costs are important means.

Das Master's physical stores break down into direct shops and authorized stores, of which the company controls the direct shops, while it provides a full panoply of management and support services to authorized shops. Zhang Jiupeng said Das Master plans to open 300 chain stores nationwide next year, and will have over 2,000 stores by 2020.