Participated · Equity · Mar 2026

Founded in May 2023 by Peking University professor Wang He, Galaxy Universal Robotics builds general-purpose humanoid robots that integrate high-level perception, cognitive planning, and low-level motor control through its self-developed “AstraBrain” embodied large model. The company pairs this model with the world’s largest embodied-intelligence dataset (tens of billions of data points) and a virtual-real fusion training system called “AstraSynth,” which it claims yields 1,000× higher training efficiency than Tesla and a 99 % task-success rate. Flagship robot Galbot S1 already performs fully autonomous work inside CATL battery factories and carries 50 kg dual-arm payloads under harsh industrial conditions. Commercial pilots span hundreds of “Galaxy Space Capsule” retail stores, 24-city smart-pharmacy networks managing 5,000 SKUs, and deployments in top hospitals such as Xuanwu and West China. Industrial partners include CATL, Bosch, Toyota, BAIC, and SAIC, with cumulative industrial orders in the thousands. The firm’s valuation topped US $3 billion after a late-2025 round and “continues to lead the humanoid robot industry,” supported by record cumulative fundraising that now exceeds any peer in China.

Participated · Series B · Mar 2024

智己汽车 develops mid-to-large high-end pure electric vehicles with an emphasis on intelligent driving, smart cockpits, and vehicle control technologies. The company currently sells three mid-to-large EV models and recently debuted the智己L6 at the Geneva Motor Show, attracting positive overseas attention. Product highlights include the upcoming L6 with claimed 0–100 km/h acceleration near 2 seconds and CLTC range above 1,000 km. Management says proceeds from the new financing will fund next‑generation intelligent model development, high‑level driving and cockpit R&D, and market/channel expansion including overseas push. The company is positioning IM AD city NOA to enter a no‑map city NOA phase in June and plans nationwide commuter mode coverage in 100 cities within the year. Following its A round, 智己汽车 is accelerating commercialization and technology deployment backed by expanded capital resources.

Participated · Equity · Jul 2022

Yuexin Semiconductor (粤芯半导体) is a market-driven, Guangzhou-grown foundry that specializes in analog chip manufacturing and is the Greater Bay Area's only 12‑inch analog chipmaker in full mass production. The company operates a customized foundry model that has deep ties to the automotive chip supply chain and concentrates on differentiated high-end analog process technologies. Phase I and II projects are completed and in production, and the company reports a thousand‑person professional team, established technology reserves and an IP portfolio. Existing industry customers have validated its capabilities and the firm aims to raise China’s analog chip self-sufficiency by expanding capacity. Yuexin plans to use the latest financing to build a new project phase, further scale 12‑inch analog specialty processes, and focus on industrial‑ and automotive‑grade mid-to-high-end analog chips to support upstream and downstream ecosystem innovation.

Led · Series B · Aug 2021

Founded in 2016 and headquartered in Beijing, Luoan Technology is an early entrant in China’s industrial-control (OT) security market. The company builds a portfolio of autonomous, controllable products covering six product categories and more than 20 SKUs, and operates four R&D centers in Beijing, Wuhan, Xi'an and Tianjin. Its offerings span endpoint-to-cloud (“cloud, network, edge, endpoint”) data and business collaboration, plus talent training, on-site industrial defense and network emergency response. Luoan serves over 600 regulatory bodies and large industrial enterprises and about 1,500 SMEs across 20+ industries including power, oil & petrochemical, smart manufacturing and rail transit. The company holds 100+ qualifications, 90+ software copyrights and 50+ invention patents, and has been recognized as a national high-tech enterprise and a national-level specialized “little giant.” Luoan emphasizes continued R&D investment, talent cultivation with university partnerships, and deeper integration of technology and business requirements to expand its industrial-internet security solutions. Founded in 2016, Luoan Technology focuses on industrial-control security products and services for sectors such as power, petrochemical, rail transit and smart manufacturing. The company emphasizes independent R&D and holds more than 30 invention patents and over 20 self-developed products across seven product categories. Its products are deeply integrated with multiple automation vendors and the firm reports serving more than 1,500 regulators and industrial enterprises. Recently the company completed two strategic financing rounds (B+ and B++) totaling RMB 100 million, indicating recent capital support for growth. Company leadership says it will continue to prioritize innovation and invest in product, technology, talent and brand to strengthen regional channel capabilities and service delivery. Luoan also plans to deepen cooperation with industry partners to build more comprehensive industrial network security solutions and improve customers’ security posture. Beijing Luoan Technology (珞安科技) builds industrial network and control-security products for critical infrastructure and industrial internet customers. Its core technical team originates from early information-security, automation product R&D and industry consulting, with deep experience in industrial network security, product innovation, solution consulting and security assessment. The company has delivered scaled deployments of industry-focused security products and serves over 200 key customers across power, oil & petrochemical, intelligent manufacturing, rail, chemical, defense, municipal and tobacco sectors (including State Grid, China Southern Power Grid, CNPC, CNOOC, Sinopec and Sany Heavy Industry). Founded in October 2016 and headquartered in Beijing, Luoan’s recent financing will be used to accelerate R&D of industrial control security products, develop flagship, easy-to-deploy shelf products, and integrate mature OT security technologies with AI and blockchain. Management also plans to strengthen channel and regional market build-out to improve customer service and expand shipments toward a top-market position. Luoan Technology is an industrial control network security service provider that develops products and solutions for industrial control environments. Its core technical team is composed of senior experts from early information security research, automation product development, and industry consulting, with extensive experience in industrial network security innovation, product R&D, solution consulting, and security assessments. The company plans to increase investment in industrial control security product R&D, deepen integration of mature technologies with business applications, and accelerate new product launches. It also intends to expand sales channels, establish regional support centers, and improve operations and project deployment capabilities to provide reliable services to customers. Founded in October 2016 and registered in Beijing, the company is led by CEO Zhang Xiaodong. Recently it completed an A round financing of several tens of millions of RMB.

Participated · Series D · Apr 2021

SES develops and manufactures lithium-metal rechargeable batteries aimed at automotive and other applications, including electric vehicles (EVs) and eVTOLs. The company is led by founder and CEO Qichao Hu and has operating subsidiaries in Boston, Shanghai and Seoul. SES positions itself as a leader in Li-metal battery technology and manufacturing. The company intends to use recent funding to accelerate technology development and to expedite commercialization of its Li-metal batteries. SES also plans to expand its technical, business and manufacturing teams to support scale-up and market entry. The articles do not disclose revenue or user metrics. SolidEnergy Systems develops and produces advanced semi‑solid Li‑metal cells (Hermes™) with energy densities above 450 Wh/kg and 1200 Wh/L for customers in aeronautics, space, consumer drones, consumer electronics and automotive. The company emphasizes materials (anodes and electrolytes) and manufacturing processes that are compatible with existing Li‑ion cell manufacturing to enable scalability without costly new infrastructure. It is entering a commercialization phase and plans to expand its product line and broaden its customer base across UAV, wearables, smartphones and electric-vehicle markets. SolidEnergy announced it will use the new funds to expand manufacturing capability both internally and through cell manufacturing partners. The company also appointed Bud Collins, former CEO of NEC Energy Solutions and President of A123 Energy Solutions, as COO to lead operations during rapid growth. Founded in 2012 as an MIT spinoff and based in Woburn, Mass., SolidEnergy frames its mission as enabling higher energy density cells to transform connectivity and transportation. The company has raised more than $50M to date, including the latest round. SolidEnergy Systems, founded by MIT postdoc Qichao Hu, develops lithium-metal battery cells intended to substantially exceed conventional lithium‑ion performance. Its core innovations are an ultrathin lithium metal foil anode and a solid–liquid hybrid electrolyte (a thin solid coating plus a quasi‑ionic liquid) that deliver about 400 Wh/kg, operate at room temperature, and are non‑flammable. The company also implemented chemical modifications to the separator and cell design to prevent adverse reactions with lithium metal. The cells can be manufactured inside existing factories; SolidEnergy has begun manufacturing in Woburn, Massachusetts in a facility described as large enough to “house the wings of a Boeing 747.” The company planned a commercial launch beginning with cell‑phone batteries in November 2017, followed by car and drone batteries in 2018. Financially, SolidEnergy raised $12 million last year.