Cowin Capital

Cowin Capital, established in 2000, is a Shenzhen-based private equity firm specializing in early-stage investments. With 18 years of experience, it focuses on supporting the growth of small and medium enterprises, primarily in the energy, communication, electronics, and environmental protection sectors. Cowin Capital takes a long-term approach, aiming to create value through strategic partnerships and operational support. It has successfully invested in over 300 companies, with 60 becoming publicly listed and 150 achieving successful exits. Notably, Cowin Capital was one of the first venture capital institutions to be listed on the New Third Board (NEEQ) in China.

Cai Weiliang

Partner

Kai Chen

Partner

Ding Baoyu

Managing Director, Partner

David Ding

Managing Partner

Dong Dongdong

Partner

Past deals in Electrical Equipment

Hengtuogao

Series B in 2024
Hitop Pneumatic Machinery specializes in the development, production, and distribution of pneumatic and electric actuators, grippers, and a wide range of components suitable for industrial automation. The company focuses on providing solutions that enhance efficiency and productivity in various industrial settings. With a commitment to innovation and quality, Hitop offers products designed to meet the diverse needs of its customers. The company's portfolio includes a comprehensive selection of automation machinery that caters to different sectors, ensuring that clients have access to the tools necessary for optimizing their operations.

Dingtai Jiachuang

Series A in 2024
Dingtai Jiachuang is a high-tech enterprise that specializes in the research and development, manufacturing, and sales of testing equipment for power electronic products, particularly in the new energy sector. The company offers a range of solutions, including automatic production systems, energy-saving aging electronic loads, and customized aging test systems. By focusing on innovation and reliability, Dingtai Jiachuang aims to meet the needs of its customers in the evolving landscape of new energy technologies.

Lianying New Energy

Series A in 2024
Lianying New Energy focuses on the design, development, and manufacturing of connection systems for new energy vehicles, as well as energy storage thermal management systems and ultra-high-voltage thermal management systems. The company emphasizes a commitment to technological leadership and innovation, prioritizing independent research and development of new technologies and products. Lianying New Energy aims to provide clients with solutions that promote energy savings and reduce emissions, aligning with the growing demand for sustainable energy solutions in the automotive industry.

Sermatec Energy

Series C in 2023
Sermatec Energy is a manufacturing company specializing in energy storage solutions tailored for commercial and industrial sectors. The company develops hybrid inverters and lithium batteries, utilizing advanced control technology to enhance security and operational efficiency. Its product offerings include battery management systems, energy management systems, and energy storage bidirectional converters, all designed to optimize power systems. By focusing on security, standards, and service, Sermatec Energy provides comprehensive solutions that meet the evolving needs of the energy market, enabling customers to improve their energy management capabilities.

Zhongneng Chuang

Series A in 2023
Zhongneng Chuang manufactures photovoltaic equipment and components and provides solar power generating technology services.

Chilye

Venture Round in 2022
Chilye is a company specializing in high-power electronic components and high-voltage connectors, primarily for the new energy vehicle sector. It offers a range of products including power distribution units, manual service disconnectors, charging and swapping connectors, and portable charging equipment. Chilye is dedicated to advancing the development of high-voltage electrical units aimed at supporting alternative energy vehicles. Through its focus on technical research and development, the company provides comprehensive solutions for complete vehicle systems, catering to the growing demand for innovative technologies in the electric vehicle market.

Yinli Electric

Series C in 2022
Ningxia Yinli Electric Co., Ltd. is mainly engaged in the production and research and development of reactors and transformers. At present, the company's main products include: three-phase filter reactors, four-phase five-column reactors, water-cooled reactors, three-phase AC reactors, hollow core Reactors, isolation transformers and high-frequency transformers, etc.

PowerValue

Seed Round in 2022
PowerValue is a professional supplier of integrated circuit testing equipment and solutions, specializing in the semiconductor industry. The company has established itself as a national high-tech firm, leveraging advanced design and research capabilities to focus on the testing of integrated circuit chip wafers and finished products. PowerValue is committed to delivering comprehensive testing solutions that meet the evolving needs of its customers, while also ensuring exceptional after-sales support. Through the dedication of its founding team and the incorporation of technological advancements in the industry, PowerValue has experienced steady growth and recognition in its field.

Sermatec Energy

Series A in 2021
Sermatec Energy is a manufacturing company specializing in energy storage solutions tailored for commercial and industrial sectors. The company develops hybrid inverters and lithium batteries, utilizing advanced control technology to enhance security and operational efficiency. Its product offerings include battery management systems, energy management systems, and energy storage bidirectional converters, all designed to optimize power systems. By focusing on security, standards, and service, Sermatec Energy provides comprehensive solutions that meet the evolving needs of the energy market, enabling customers to improve their energy management capabilities.

Leadinno Medical Valley

Seed Round in 2021
Leadinno Medical Valley is a manufacturer specializing in medical devices for neuroregulatory functions.

IMPAQ Testing Technology

Series A in 2019
IMPAQ Testing Technology Co., Ltd. is an independent third-party testing organization based in Shenzhen, China, with additional branches in major cities including Shanghai, Qingdao, Suzhou, Guangzhou, and Zhongshan, as well as Taipei, Taiwan. The company specializes in a wide range of testing services, primarily focusing on consumer goods sectors such as textiles, clothing, footwear, toys, electronics, and food products. IMPAQ provides RoHS testing for restricted substances in electrical and electronic items, as well as testing for substances of very high concern. Additionally, the company offers services related to environmental pollution, occupational health and safety, and biodegradable materials. IMPAQ's laboratories are certified with national metrology accreditation and ISO 17025 laboratory accreditation, ensuring that they meet industry standards for quality and reliability in testing and certification. The organization is well-supported by relevant government policies, which facilitate its operations in the testing and certification field.

Betterfuse

Post in 2018
Betterfuse is a manufacturer specializing in circuit protection components for electronics and circuits. The company focuses on the research, development, production, and sales of a variety of protection devices, including power fuses, electronic fuses, self-recovery fuses, disposable thermal fuses, and resettable thermostats. Betterfuse is committed to providing safe and high-quality solutions for its clients, addressing customer inquiries through phone, email, and online platforms. Their offerings include overcurrent protection, overvoltage protection, thermal protectors, and fuse accessories, ensuring comprehensive circuit protection for a wide range of applications.

Lonwin

Series C in 2017
Suzhou Lonwin Medical Systems is a manufacturer of medical imaging equipment focused on enhancing the affordability and effectiveness of medical diagnostics and treatment. The company offers a diverse range of products, including magnetic resonance imaging systems, computed tomography systems, and direct digital X-ray imaging systems. Lonwin's product line spans four key areas: magnetic resonance imaging, radiography, imaging-related products, and interventional therapy-related products. By providing powerful imaging solutions, Lonwin enables healthcare practitioners to deliver high-quality, efficient, and cost-effective medical imaging services to hospitals and their patients.

DXY Tech

Series A in 2012
DXY Technology Co., Ltd. is an independent design house and distributor based in Shenzhen, China, specializing in semiconductor chips, software solutions, and product designs. Established in 2008, the company serves a diverse range of industries in the Asia Pacific region, including wireless communications, Internet of Things (IoT), security surveillance, electric metering, automotive electronics, and renewable energy. DXY operates through multiple sales offices across major cities in China, including Shanghai, Beijing, and Hong Kong. As of 2014, it functions as a subsidiary of Wuhan P&S Information Technology Co., Ltd.

Jiangsu Sanhuan Industrial (Group)

Venture Round in 2011
Jiangsu Sanhuan Industrial (Group) Co., Ltd. (江苏三环实业(集团)股份有限公司) is a company focused on the production of environmental protection equipment, storage battery special production equipment, storage battery special environmental protection equipment, and environmental engineering construction. It owns the abilities f independently researching, developing and producing lead-acid battery production systems for over 100 (sets) types, and the one-stop contracting service level from product design and production to installation debugging and technical transformation. Jiangsu Sanhuan Industrial (Group) Co., Ltd., which was known as Third Yixing City Environmental Protection Equipment Factory, was built in 1978. Its annual output value reaches more than 80 million RMB. It also owns Sanhuan design and research institute, and owns more than 180 professional personnel and over 50 patented inventions.

BluePower

Angel Round in 2011
BluePower is a high-tech company specializing in intelligent solutions for residential and commercial management systems. The company focuses on integrating audio and video technology, intelligent control technology, and computer technology to create smart lifestyle and smart city solutions. BluePower develops a comprehensive customer service platform that encompasses consulting, design, implementation, operation, and maintenance. Additionally, it offers a regional expansion system under an urban partnership model and a smart cloud platform to streamline the industrial chain. Its product range includes smart plugs, smart security cameras, and various other smart home devices, providing customers with value-added services to enhance their living and working environments.

MoSo

Corporate Round in 2009
MOSO Power Supply Technology Co., Ltd. is a high-tech enterprise based in Shenzhen, China, specializing in power supply solutions for both domestic and international markets. Founded in 2006, the company offers a wide range of products, including LED drivers for various lighting applications, switch power supplies such as wall plugs and desktops, and photovoltaic solutions like string inverters and charging stations. MOSO is committed to innovation and quality, focusing on the research, development, design, production, and sales of its products. With advanced manufacturing capabilities, including over 40 automatic assembly lines and state-of-the-art testing equipment, the company produces more than 50 million transformers and 30 million switching power supplies annually. Its products serve diverse sectors, including portable consumer electronics, IT communication devices, and electric tools.

Xinhui Aerospace

Xinhui Aerospace is a company specializing in the development and manufacturing of aerospace electric servo systems. It focuses on the research, development, production, sales, and service of electric servo systems specifically for the aerospace sector.
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