Participated · Equity · Feb 2026

Zelos Technology builds and operates self-driving delivery vehicles that handle last-mile logistics for retailers and e-commerce platforms. The company recently merged with Alibaba’s Cainiao autonomous driving unit, enabling it to operate two complementary brands under one corporate umbrella. Headquartered in Singapore, Zelos focuses on deploying low-speed, driverless vans and robots designed for urban package drop-offs. Management states the technology lowers delivery costs and improves fulfillment speed for partners such as Alibaba. Financially, the firm reached a $2 billion valuation after its latest raise and has cumulatively secured several hundred million dollars in capital. In October 2023 it closed a $100 million B4 round, bringing total Series B proceeds to $400 million, and it has historically attracted capital from Ant Group, Blue Lake Capital and CDH Investments. Zelos now intends to scale production, expand geographic coverage and deepen R&D in autonomous driving software and hardware.

Led · Series C · Feb 2026

Shanghai-based Trugo Tech focuses on the R&D and mass production of by-wire chassis products, with its flagship EHBI-Onebox electronic hydraulic brake system and domestically developed Electronic Stability Control (ESC) units. Leveraging experience from more than 6 million sets of smart chassis braking products, the company has shipped over one million line-control braking units and holds the No. 1 position among Chinese suppliers for independent ESC shipments. Since 2022 it has recorded revenue growth of more than 100% for three consecutive years and secured over 50 program designations from 11 automakers. Future plans include advancing the localization of key components, deepening chip co-development with carmakers under its “national chip” strategy, and expanding its ESC/Onebox share to remain in the domestic top three. The firm is also establishing a joint “Intelligent By-Wire Chassis Laboratory” with SAIC-GM-Wuling, Wuhan University of Technology, and Baolong Technology to accelerate technical breakthroughs. Financially, continued investor support positions the company to scale production capacity and reinforce supply-chain autonomy.

Participated · Series B · Oct 2025

Founded in 2021 by former Baidu Apollo engineers Zhuang Li and Kong Qi, Jiushi Intelligence focuses on L4-level driverless technology for urban distribution and logistics. Its flagship RoboVan line, including the Z-, E- and L-series vehicles, handles loads from 2 m³ to over 1.8 tons and operates in closed parks as well as open urban roads without high-definition maps. The company has built a fleet of more than 20,000 autonomous vehicles that serve over 300 cities across more than 10 countries, completing 1.5 billion cumulative deliveries and helping customers cut operating costs by an average of 66%. Jiushi claims an 88 % share of the medium- and large-sized RoboVan market and a 76 % share among key express and logistics clients. Flexible payment models such as “low-cost hardware + software installments” and major contracts—like China Post’s lease for 7,000 vehicles—have accelerated commercialization. Continuous technology improvements have reduced remote-operation labor to under 3 % of monthly costs, supporting large-scale deployment. To date the firm has publicly raised well over $800 million and is valued at more than RMB 10 billion (≈$10 billion).

Led · Series C · Apr 2023

Trensor designs and manufactures pressure sensors and integrated temperature-and-pressure sensors for industrial, automotive, and home-appliance sectors. Founded in 2009 and based in Wuxi, the company exports more than 80% of its products to Europe and North America, supplying carmakers such as Ford and tier-one parts manufacturers including Cummins, Hanon Systems, and Valeo. Trensor has developed integrated sensors for thermal management systems in new energy vehicles (NEVs) and has already won orders and built new production lines for those products. At the Shanghai Auto Show the company’s integrated temperature-and-pressure sensors attracted interest from procurement teams of multiple automakers and suppliers. The firm is one of the few Chinese companies with experience of mass production for the passenger car sector, and investors see opportunity in both fuel and new energy vehicles.

Participated · Seed · Oct 2022

Registered in 2017 and formally operating since 2022, Suzhou-based Suzhou Xizhi Technology focuses on car-grade main-drive SiC power modules and high-frequency power modules, while also working on SiC/GaN and high-performance IGBT devices. The company claims to be one of the few domestic firms that simultaneously masters MHz-level high-frequency design and automotive-grade plastic/embedded packaging processes, enabling large-scale plastic-encapsulated module production. Its flagship car-grade SiC module achieves 50% lower loop inductance and 45% better current-sharing than international rivals, and on 19 October it celebrated the roll-off of its 100,000th SiC vehicle module. Commercialisation momentum is strong: the first batch-produced automotive SiC modules generated roughly RMB 30 million in sales in Q4 2024, and cumulative deliveries are projected to reach 200,000 units by December 2025, supplying brands such as SAIC IM, Chery Jetour and SAIC Audi. Management forecasts module sales of nearly RMB 200 million in 2025 with company-wide revenue set to double in 2026. Looking ahead, the firm plans to invest in a wide-bandgap module production base in Hangzhou’s Linping Economic Development Zone between 2025 and 2030 to expand capacity across vehicle-drive, industrial and automotive power lines.