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.

Ding Baoyu

Managing Director, Partner

Li Chao

Partner

Kai Chen

Partner

David Ding

Managing Partner

Dong Dongdong

Partner

Wang Jing

Partner

Huang Li

Founding Partner and CEO

Peng Qian

Risk Control Partner, Interlayer Business Partner

Zhongcheng Tang

Managing Partner

Zheng Weihe

Chairman, Founding Partner

Cai Weiliang

Partner

Yanbin Xi

Partner

Yang Xiaomin

Managing Director

Duan Yao

US Dollar Fund Partner

Tong Zaiping

Partner

Zhang Wenjun

Partner

Zhang Yiwei

Partner

Peng Zhang

Partner

Alex Zheng

Founding Partner and Board Chairman

Tang Zhongchen

Managing Director, Cowin Partner

Shu Qing

Partner

Wang Peng

Investor

Past deals in Electronics

Wolei Technologies

Funding Round in 2025
Wolei Technologies specializes in the development of advanced automotive power semiconductor modules, intelligent driving core systems, and automotive electronic control solutions. The company provides a range of comprehensive intelligent solutions, encompassing both software systems and hardware equipment designed for automation and intelligent measurement. Its products support various sectors, including electronic control, autonomous driving, new energy power systems, chassis safety, and rail transit. Wolei Technologies is recognized for its leadership in production, sales, and market share within the industry, bolstered by affiliations with provincial business technology centers and high-tech R&D facilities.

Siny Optic-com

Venture Round in 2025
Siny Optic-Com Co. is an optical networking company specializing in the development, manufacturing, and sales of optical isolators and fiber interface components. The company produces a range of optoelectronic components designed for various applications, including broadband, telecommunications, fiber-to-the-x (Fttx) networks, data centers, security monitoring, and smart grid systems. Siny Optic-Com's product offerings include optical components such as isolators and adapters, as well as precision structural parts made from metal, ceramic, and permanent magnet materials. Through its innovative products, the company aims to support the advancement of green communication technologies in the networking industry.

CARKU

Series B in 2025
CARKU pioneers a new way to change people’s life with smart lithium jump starter. We deep understanding of how frustrating when you are out but your car can’t start, enable us to delivery innovation to unlock new business value to customers. CARKU is the world's leading jump starter designer and manufacturer. We devoted ourselves to focusing on battery safety technology and jump starter design to extensively use in the area of automotive, motorcycle, consumer electronics, outdoor recreational enthusiasts, and recreational boaters.

Zibo Xincai

Series B in 2024
Zibo Xincai is an integrated circuit manufacturing company that focuses on the development, manufacturing, and sales of core materials for semiconductor packaging.

Lianjie Technology

Seed Round in 2024
Lianjie Technology is a semiconductor material company that provides integrated circuit chip and product manufacturing services.

Color Tech

Seed Round in 2024
Color Tech is a company specialized in the research and development, manufacturing, and sales of semi-solid battery electrolytes , sodium-ion battery electrolytes, and specific lithium-ion battery electrolyte technologies.

Qingchuan Intelligent Technology

Series A in 2024
Qingchuan Intelligent Technology is a high-tech enterprise that develops and manufactures robot servo drives, motors, and control products. It specializes in the research, development, and production of these components, catering to advanced robotics and intelligent equipment applications. The company offers a range of solutions, including servo drives, servo motors, robotic control systems, integrated mechanisms, and smart equipment, tailored to diverse customer needs.

Apex Laser

Seed Round in 2024
Apex Laser is a company that focused on the research and development of semiconductor laser equipment that offers laser processing solutions for materials that are ultra-thin, ultra-hard, brittle, flexible, or composite.

Feiduwei

Angel Round in 2024
Feiduwei specializes in researching and developing mixed digital and analog circuits, including signal chain and power-related chips.The devices are utilized in automotive electronics, industrial control, consumer electronics, and various other applications.

Dingtai Jiachuang

Series A in 2024
Dingtai Jiachuang is a high-tech enterprise specializing 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 products, including automatic production systems and energy-saving aging electronic loads, as well as customized aging test systems. By focusing on innovation and reliability, Dingtai Jiachuang aims to deliver effective solutions that meet the needs of its customers in the evolving landscape of new energy technology.

Chengling Microelectronics

Seed Round in 2024
Chengling Microelectronics is a company that produces high-performance power management chips. It is primarily involved in the research & development, design, manufacturing, and selling of high-performance power management chips. Its product applications include server and notebook computer power supplies, new energy inverter systems, and automotive electronics. Chengling Microelectronics focuses on cutting-edge power management chip technology and leverages local industry chain resources to meet mid-to-high-end power management product demands.

Parkson Optoelectronics

Venture Round in 2024
Parkson Optoelectronics specializes in the provision and manufacturing of optical glass products tailored for the electronics industry. The company focuses on the research and development of materials such as high-end piezoelectric crystals, blue glass for camera filters, glass-ceramic covers for mobile phones, and periscope prisms used in mobile phone cameras. With a commitment to delivering industry-leading standards, Parkson Optoelectronics offers cold processing services for hard and brittle materials, ensuring high-quality products for its clients.

ACXEL

Series A in 2024
ACXEL Tech specializes in large area electronics, focusing on digital microfluidic cell manipulation platforms that enhance drug discovery and biological research. By transforming active pixels into precise engines, ACXEL's technology enables the rapid transport of liquid droplets, facilitating complex experimental procedures at the single-cell level. This innovative approach supports various applications, including cell line development, cell therapy, synthetic biology, and antibody therapy. The platform's high throughput and low-cost design provide clients with the ability to increase productivity and efficiency in their research efforts across chemistry, biology, and medical technology.

Anpaixin

Series A in 2023
Anpaixin manufactures thin-film lithium niobite photonic circuits and optical engines.

Atech Automotive Electronics

Series C in 2022
Atech Automotive Electronics products are based on the generation of electronic and electrical architecture and the SOA concept and develop central core domain control, body controllers, domain controllers, Ethernet gateways, and radio frequency bluetooth. It is a company that designs, develops, manufactures, and sells automotive electronic products.

Yaoxin Technology

Series C in 2022
Yaoxin Technology is a MEMS sensor chip provider specializing in power devices, smart sensors, and signal chain ICs.

Chilye

Venture Round in 2022
Chilye specializes in high-power electronic components and high-voltage connectors, focusing on the development and production of power distribution units, manual service disconnectors, charging and swapping connectors, and portable charging equipment. The company is dedicated to creating a comprehensive range of high-voltage electrical units specifically designed for alternative energy vehicles. By emphasizing technical research and development, Chilye provides clients with integrated solutions for complete vehicle systems in the electric vehicle sector.

Tongyu Automotive

Series A in 2022
TONGYU AUTOMOTIVE specializes in the development of intelligent driving systems and key components for new energy vehicles. The company focuses on advanced research and development of control-by-wire technologies essential for the next generation of vehicle automation. Its product offerings include brake-by-wire systems, steering-by-wire systems, braking energy recovery systems, and advanced driver assistance systems. By addressing the demands of intelligent and electrified vehicles, TONGYU AUTOMOTIVE aims to contribute significantly to the evolving landscape of the autonomous driving industry.

Atech Automotive Electronics

Venture Round in 2022
Atech Automotive Electronics products are based on the generation of electronic and electrical architecture and the SOA concept and develop central core domain control, body controllers, domain controllers, Ethernet gateways, and radio frequency bluetooth. It is a company that designs, develops, manufactures, and sells automotive electronic products.

Huachen Core Light

Angel Round in 2022
Huachen Core Light is a semiconductor technology company that produces and manufactures optical communications and laser chips.

ACXEL

Seed Round in 2022
ACXEL Tech specializes in large area electronics, focusing on digital microfluidic cell manipulation platforms that enhance drug discovery and biological research. By transforming active pixels into precise engines, ACXEL's technology enables the rapid transport of liquid droplets, facilitating complex experimental procedures at the single-cell level. This innovative approach supports various applications, including cell line development, cell therapy, synthetic biology, and antibody therapy. The platform's high throughput and low-cost design provide clients with the ability to increase productivity and efficiency in their research efforts across chemistry, biology, and medical technology.

PowerValue

Seed Round in 2022
PowerValue is a professional supplier of integrated circuit testing equipment and solutions, catering to the semiconductor industry. The company specializes in the testing of integrated circuit chip wafers and finished products, leveraging advanced design and research capabilities. As a national high-tech firm, PowerValue offers comprehensive testing solutions tailored to meet customer needs, along with exceptional after-sales support. Its steady growth can be attributed to the dedication of its founding team and the advancements in technology within the industry.

Jade Bird Display

Series A in 2021
Jade Bird Display (Shanghai) Limited is a manufacturer specializing in the development and production of micro-LED display chips and panels, primarily designed for augmented reality (AR) and virtual reality (VR) applications. Founded in 2015 and headquartered in Shanghai, with an additional office in Hong Kong, the company focuses on creating the smallest, brightest, and most efficient micro-display technology. Its products are utilized in a variety of applications including head-up displays, projectors, weapon sights, 3D printing, and microscopes. By providing ultra-compact micro-display panels and light engines, Jade Bird Display enables original equipment manufacturers to enhance user comfort and outdoor readability, while also extending operating times between charges for next-generation AR and VR hardware.

ACXEL

Seed Round in 2021
ACXEL Tech specializes in large area electronics, focusing on digital microfluidic cell manipulation platforms that enhance drug discovery and biological research. By transforming active pixels into precise engines, ACXEL's technology enables the rapid transport of liquid droplets, facilitating complex experimental procedures at the single-cell level. This innovative approach supports various applications, including cell line development, cell therapy, synthetic biology, and antibody therapy. The platform's high throughput and low-cost design provide clients with the ability to increase productivity and efficiency in their research efforts across chemistry, biology, and medical technology.

Hypersics Semiconductor

Series A in 2021
Hypersics Semiconductor Co Ltd is a prominent semiconductor company based in Yizheng, China, specializing in the research, development, and industrialization of 6-inch silicon carbide substrates. The company focuses on integrating innovative overseas technologies with domestic resources to enhance its capabilities. It has established a strong research and development team by attracting both overseas returnees and foreign experts, thereby fostering a high level of expertise within the organization. Hypersics Semiconductor aims to lead advancements in the semiconductor industry, particularly in the growing field of silicon carbide technologies.

Jihai Technology

Series A in 2021
Jihai Technology is an e-commerce platform providing smart devices like smart home cleaning tools, auto accessories, and smart gadgets.

Comwin Automation Technology

Series B in 2021
Comwin Automation Technology, based in Shenzhen, China, specializes in designing and manufacturing equipment for the semiconductor packaging and manufacturing industry. Its primary focus is on the research, development, production, sales, and service of automation equipment tailored for flat panel display (FPD) and flexible screen display manufacturers. The company supplies a range of non-standard machinery and optimized solutions for automated testing and assembly of flat panel display modules.

FDMTEK

Seed Round in 2021
Zhongke Benyuan manufactures digital signal processor (DSP) chips. It provides DSP products and solutions for industrial control, renewable energy, electric vehicles, household appliances, rail transit, and other applications.

Zhongke Jiuyuan

Series A in 2021
Zhongke Jiuyuan focuses on the manufacturing and sales of key materials such as polyimide films and slurries.

Zhongke Jiuyuan

Angel Round in 2021
Zhongke Jiuyuan focuses on the manufacturing and sales of key materials such as polyimide films and slurries.

Jihai Technology

Angel Round in 2021
Jihai Technology is an e-commerce platform providing smart devices like smart home cleaning tools, auto accessories, and smart gadgets.

Huaqiu

Series B in 2020
Huaqiu provides a digital service platform for the electronics industry that uses information technology to improve the service model of the traditional industry chain. They provide a strong boost for the innovation and development of the electronics industry.

JingxunSoft

Series B in 2019
Shenzhen Jingxun Software Communication Technology Co., Ltd. specializes in manufacturing Internet of Things (IoT) based wireless audio and lighting solutions. Founded in 2003 and headquartered in Shenzhen, China, the company develops Bluetooth chips, including those for audio and BLE SIG Mesh technology, which are used in lamps and various electronic products. JingxunSoft also provides an application that allows users to control lighting systems through cloud connectivity, integrating artificial intelligence for enhanced functionality. The company's offerings enable consumers to manage and schedule their home lighting and audio systems, while also allowing manufacturers to incorporate wireless capabilities into their products.

ANNGIC (Shenzhen Anzhijie Technology Co.)

Series A in 2019
ANNGIC (Shenzhen Anzhijie Technology Co., Ltd.) is a high-tech company focusing on millimeter-wave radar sensors and focusing on smart applications of sensors. As one of the earliest companies in China to have the core R&D technology, complete design capability and experience data of millimeter wave radar sensors, An Zhijie has independently developed leading 24 GHZ and 77 GHz millimeter wave radar sensors and obtained many technical patents. Certification.

IMPAQ Testing Technology

Series A in 2019
IMPAQ Testing Technology Co., Ltd. is an independent third-party testing organization based in Shenzhen, China, with branches in several other cities, including Shanghai and Guangzhou. The company specializes in a wide range of testing services, including RoHS testing for restricted substances in electrical and electronic products, toys testing, and environmental pollution assessments. It assists manufacturers in identifying Substances of Very High Concern (SVHC), developing alternative materials, and meeting EU documentation requirements. IMPAQ also provides testing for textiles, footwear, and food contact materials, along with occupational health and safety evaluations. The organization is supported by relevant government policies and operates accredited laboratories that comply with national and international standards, ensuring high-quality assurance for clients across various industries.

Huaqiang PCB

Series B in 2018
Huaqiu is a digital service platform for the electronics industry. It also provides electronic industry trends and product information, online component trading, and printed circuit board manufacturing.

Huaqiu

Series B in 2018
Huaqiu provides a digital service platform for the electronics industry that uses information technology to improve the service model of the traditional industry chain. They provide a strong boost for the innovation and development of the electronics industry.

Wolei Technologies

Post in 2018
Wolei Technologies specializes in the development of advanced automotive power semiconductor modules, intelligent driving core systems, and automotive electronic control solutions. The company provides a range of comprehensive intelligent solutions, encompassing both software systems and hardware equipment designed for automation and intelligent measurement. Its products support various sectors, including electronic control, autonomous driving, new energy power systems, chassis safety, and rail transit. Wolei Technologies is recognized for its leadership in production, sales, and market share within the industry, bolstered by affiliations with provincial business technology centers and high-tech R&D facilities.

Betterfuse

Post in 2018
Betterfuse specializes in the development, manufacturing, and sales of circuit protection components designed for electronics and circuits. The company's product offerings include overcurrent protection devices, overvoltage protection components, thermal protectors, and various fuse accessories, such as power fuses, electronic fuses, self-recovery fuses, disposable thermal fuses, and resettable thermostats. By focusing on research and innovation, Betterfuse aims to provide clients with safe and high-quality solutions for circuit protection. Customer inquiries are efficiently addressed through multiple channels, including phone, email, and online applications, ensuring responsive service and support.

XShuai

Series B in 2016
XShuai is a technology company that creates home electronic products to improve the lives of its customers. The company primarily develops and manufactures projectors for home users and hospitality managers, allowing customers to enjoy a home theater experience. The company also creates intelligent AI robots that focus on education, allowing children to learn more effectively. It focuses on changing and improving hotels through the three business segments of smart audio-visual, smart guest control, and traffic operations, using the SaaS+AIoT platform as the touch point.

Innoplay

Series A in 2015
Innoplay offers electronic products for family, students and children.

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.

MoSo

Corporate Round in 2009
Shenzhen MOSO Power Supply Technology Co., Ltd. (MOSO) is a national high-tech joint-equity enterprise in China, and a provider of intelligent drive solutions of LED street lamps. It is devoted to the research and development, design, production, and sales of various switching power supplies, adaptors, chargers, high/low frequency transformers, and other products. Its products are widely used in portable consumer electronics, IT communication devices, digital electrical equipment, and electric tools. MOSO Science Park has over 40 automatic assembly lines, and adopts imported computer program-controlled wire winding machines, wave soldering, reflow soldering, all automatic electric energy testers, high-pressure devices, and other advanced equipment for production and testing. The annual production of various types of transformers and various types of switching power supplies and chargers exceed 50 million and 30 million, respectively.
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