Zongshen Power Machinery
Zonsen Industrial Zone, No. 126, Yunan Avenue, Chongqing, Banan District, 400054, China
Overview
Chongqing Zongshen Power Machinery Company is a manufacturing enterprise and a digital, technological, and intelligent power system integration service provider. It develops and sells motors, components, and machinery within the machinery industry.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Manufacturing
Investment portfolio
- ELIX Wireless
Led · Series A · Sep 2016
ELIX develops wireless charging systems for electric vehicles, including the E8K and planned 8,000W, 4,000W and 1,000W chargers. The company signed a strategic collaboration with Chongqing Zongshen Power Machinery Co Ltd of the Zongshen Group and will move manufacturing to China. ELIX plans to finalize development of the E8K and scale production to achieve mass availability of its chargers by the end of 2017, specifically to serve Tesla Model 3 owners. The company received a $5 million A‑Round investment to finalize product development and to strengthen engineering and supply‑chain hires. ELIX’s CEO said Zongshen brings manufacturing and engineering expertise that will allow faster market entry. Zongshen’s founder said the group invested to stay at the forefront of transportation as China shifts toward electrification and expects wide adoption of the technology.
Team
No current team members are available.