Participated · Series A · Jul 2022

XPeng Robotics develops a kid‑sized quadruped "pony" robot that can navigate autonomously, respond to voice commands, and interact with humans. The company released animated and real‑life teaser videos showing a pony robot nodding, blinking, transporting snacks and being ridden by a child. It describes itself as an "ecosystem company" of XPeng and appears to leverage shared technologies such as autonomous driving. Six years after its 2016 founding, XPeng Robotics has not set a delivery date but expects "intelligent robots to enter households in the next two years." The startup is headquartered in Shenzhen with R&D centers in Guangzhou, Beijing and Silicon Valley, and has more than 300 employees, about 80% of whom work in R&D. The firm is focused on deepening hardware and software R&D, hiring top‑tier talent, and accelerating product development and iteration.

Participated · Equity · Dec 2021

QianGua Technology (千挂科技) is a developer of unmanned driving technology for freight trucks, focused on L4 autonomous freight-truck development. The company recently completed a Pre‑A financing round. The round combined equity and debt instruments. Investors in the deal included Yizhuang Guotou, IDG Capital, Cathay Capital, and SPD Silicon Valley Bank. The disclosed total exceeded RMB 100 million. The financing was reported by DoNews citing IT桔子. Qiangua Technology, established in July this year in China, develops automated driving trucks and provides logistics and transportation services built on that technology. The company targets B-end business for traditional freight logistics enterprises rather than consumer robotaxis. Its automated driving trucks aim to address industry problems such as high labor costs and driver fatigue by improving safety and reducing costs for logistics operators. Founders include Sun Haowen, formerly a senior director for R&D of PonyTron at Pony.ai, and Ding Fei, formerly an executive director at IDG Capital; two other cofounders are described as middle-level or senior executives from Baidu, Alibaba or Tencent and may serve as CEO and CTO. Qiangua's participation adds to growing competition in automated driving trucks as robotaxi firms and traditional logistics companies move into freight transportation.

Led · Series A · Oct 2021

HT Aero develops manned low-altitude aircraft, including 'land carrier' flying vehicles intended for scaled production and delivery. The company has completed a mass-production factory of about 120,000 square meters that it says is the world's first to use a modern assembly line for batch production of flying cars. At full capacity the factory can reportedly roll one vehicle off the line every 30 minutes; on March 5 five land-carrier vehicles completed trial production and underwent multi-aircraft test flights. HT Aero's founder stated the company has achieved capabilities for batch production, batch test flights and batch delivery. Financially, HT Aero has raised roughly $1 billion in historical equity financing, including the nearly $200 million round announced most recently. The company is positioned as a leading player in Asia's manned low-altitude flight sector.