The Venture Codex

Participated · Series B · Mar 2026

GigaAI (Jijia Vision) develops world models and embodied intelligence systems, publishing GigaWorld (GigaWorld-0, GigaWorld-Policy, GigaWorld-1) and GigaBrain series models and positioning them as core engines for physical AGI. The company has built Maker H01, a high-degree-of-freedom humanoid robot designed for dexterous operation and mobile interaction, and reports commercial implementation in automotive, 3C, warehousing, and home-service scenarios with a target delivery volume in the thousands this year. In autonomous driving the firm released DriveDreamer and related simulators that have served more than 30 leading automotive OEMs and autonomous driving companies. For content production it is developing the Yisu Engine, integrating ultra-long-duration video generation, a real-time 3D world model framework, and 3D human generation tools. GigaAI reports building an industry-leading data base, projecting over 1 million hours of high-quality visual-action data and more than 10 million hours of pre-training data this year. The company was founded in June 2023 and is led by post-90s Tsinghua-educated founder Huang Guan, whose team has achieved top benchmark results (e.g., WorldArena) against major international institutions.

Participated · Debt Financing · Jan 2026

Atome operates a digital financial services platform that lets consumers split purchases through buy-now-pay-later plans, access personal loans and use the Atome Card for revolving credit. The company partners with merchants across Southeast Asia to embed its payment options at checkout. In 2024 it generated US$236 million in revenue, a 63 % year-over-year jump, while gross merchandise value rose 50 % to more than US$2 billion. Management says growth accelerated in 2025, projecting annualized net revenue above US$500 million and annualized GMV of US$6 billion, with December GMV up over 70 % year-on-year. Fresh capital will be directed toward scaling operations in Singapore, Malaysia and the Philippines and expanding its BNPL, loan and card products. The platform already enjoys ongoing support from multiple regional and global banking partners.

Participated · Debt Financing · Mar 2024

Polestar is a Swedish electric performance car brand supported by Geely. The company focuses on electric performance vehicles and recently added two high-margin SUVs to its lineup. Polestar 3 has commenced production in China and completed test production runs in South Carolina, while Polestar 4 sales are rapidly expanding globally. The company obtained $950 million in outside funding via a three-year loan facility from a syndicate of global banks to finance its next phase of growth. As of December 31, 2023, Polestar had about $770 million in cash on its balance sheet. Management says it is hitting its 2025 goals and has advanced toward targets including cash flow break-even in 2025, exceeding 155,000 annual volume, and achieving gross margins in the high teens. Polestar is also executing an efficiency program that cut 10% of jobs since mid-2023 with a further 15% planned this year. Polestar develops electric performance vehicles and has launched the Polestar 1 and the all-electric Polestar 2. The company has opened a manufacturing facility in China and built a global sales and distribution operation. It is expanding the Polestar 2 lineup with a new single-motor variant (78 kWh battery, estimated EPA ~260 miles) and a simpler dual-motor configuration, plus an optional Plus Pack that can extend range up to 10%. Polestar says it will use new capital to accelerate product development and technological capabilities ahead of launching several new cars in the coming years. The company has set an ambition to build the first climate-neutral car by 2030 by rethinking materials, manufacturing and the supply chain. Polestar is jointly owned by Volvo Car Group and Zhejiang Geely Holding.

Led · Debt Financing · Feb 2021

WM Motor designs and manufactures mainstream smart electric vehicles and operates two fully self-owned, highly automated factories to integrate R&D and production. The company has delivered over 80,000 vehicles to date and reported total vehicle deliveries of 34,068 units from January to October 2021. Its product line includes the W6—claimed as the world’s first mass-produced vehicle with L4 autonomous driving and Automated Valet Parking—and the M7 sedan, with mass production and delivery of the M7 expected to commence in 2022. WM Motor plans to use new funding to accelerate development of autonomous driving and other smart technologies, expand sales and service channels nationwide, and ramp production and deliveries. Management said the business showed resilience amid the global chip shortage and expects to boost sales next year with investor and partner support. WM Motor is a dominant player in China’s mainstream electric vehicle market, producing smart EVs that emphasize advanced smart cockpits and an integrated electric powertrain system. Its lineup includes the W6 SUV, launched in April 2021, which the company says is the first smart BEV equipped with L4 Automated Valet Parking (AVP); a new sedan was scheduled for launch in mid-October 2021. WM Motor operates two fully self-owned, highly automated factories and integrates in-house R&D and manufacturing to support vehicle safety and reliability. The company has delivered over 70,000 vehicles cumulatively and sold 29,043 vehicles from January to September 2021, exceeding its full-year 2020 sales. Despite industry chip shortages, WM Motor secured its supply chain, continued deliveries, and reported a positive cash gross profit. The company is focused on expanding sales and service channels and further developing autonomous driving and other smart technologies to enhance the user experience. WM Motor is a Shanghai-based electric-vehicle startup founded in 2015 that builds and sells the EX5 electric SUV. The company has delivered more than 41,000 EX5 units to date. WM Motor secured an 11.5 billion yuan (≈$1.8 billion) line of credit from local banks to support its near-term growth. The funding includes a first tranche of 3.5 billion yuan and comes from 11 lenders. WM Motor said it will use the funds to invest in product innovation, technology development, intelligent manufacturing, channel expansion and digital marketing. The company is moving closer to a planned public listing on Shanghai’s Star board. WM Motor is a Shanghai-based company that develops electric vehicles. On Tuesday it announced the completion of a Series D financing round. The round totalled ¥10 billion (about $1.47 billion). The deal is described as the largest financing to date for a Chinese electric-vehicles developer. The article does not provide details on investors, operating metrics, or future plans. WM Motor is a Chinese electric-vehicle maker that began selling the EX5 electric SUV in China in spring 2018. The EX5 is offered with three battery variants for ranges of about 300, 400, or 460 kilometres and is powered by a motor rated at 160 kW and 315 Nm torque. The company says it plans to launch about one electric vehicle per year under the Weltmeister/WeiMa label and will upgrade its technology, products, new retail modes and intelligent manufacturing in 2019. WM Motor has a cooperation with BorgWarner providing electric drive technologies including the eDM module that drives the EX5. Founder, chairman and CEO Freeman Shen is cited discussing the firm’s product and technology plans. Financially, the company has raised capital for manufacture and R&D and is directing fresh funds primarily into research and development and intelligent-vehicle efforts with partners.

Participated · Series D · Sep 2017

Founded in 2012 and based in Shanghai, Royole develops flexible-display and flexible-sensor technologies and has commercialized both hardware and licensing. Its most visible recent product is the FlexPai foldable smartphone, slated for a December release and priced around $1,300 USD. Tech reviewers confirmed the device functions as a folding phone, though they noted the display material shows crinkles, has lower clarity, and the handset is relatively chunky when folded. Royole emphasizes being first to market with a working foldable screen, beating larger competitors like Samsung to shipable hardware. Beyond consumer phones, the company sells licenses for industrial applications such as automotive and media and says it has already sold many licenses. Royole also launched a $30 million developer program to spur content and apps for the new form factor. Royole manufactures next-generation human-machine interface technologies and products, including advanced flexible full-color AMOLED displays, novel transparent flexible sensors, and smart devices such as the Moon 3D mobile theater. Its thin full-color AMOLED flexible display measures about 0.01mm thick with a 1mm bending radius. The company says it has filed more than 1,200 core technology intellectual property rights over the past five years. Since 2015 it has been developing a $1.7B international flexible display campus in Shenzhen with an annual production capacity expected to exceed 50 million flexible display units. Royole intends to use the newly raised funds to invest in R&D, production, and sales. The firm was co-founded in 2012 by three Stanford and Tsinghua engineering graduates including CEO Dr. Bill Liu and is based in Fremont, Shenzhen and Hong Kong. Royole Corporation designs and manufactures advanced flexible displays, flexible sensors, and smart devices using proprietary flexible electronics technologies. Led by Founder and CEO Dr. Bill Liu, the company also provides IP licenses, services, and solutions for display and flexible-electronics applications. Royole has amassed over 500 issued and pending patents and related know‑how across materials, processes, devices, circuits, software, and product design. The company operates offices in Fremont, California, Hong Kong, and Shenzhen, China. It intends to use the new funding for research and development, production, sales, and other fields to advance its product and commercial efforts.