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 Industrial Engineering

IKX technologies

Seed Round in 2024
IKX technologies specializes in designing and manufacturing INS/IML/IMR diaphragms for automotive interior and exterior decoration. With a technical route, the company ensures product performance is comparable to overseas suppliers while significantly reducing production costs. Yongmaxi's business with major OEMs is progressing smoothly, with stable batch shipments and cooperation with first-tier OEMs on popular models.

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.

Sinsegye

Series A in 2023
Sinsegye is a product-driven enterprise that specializes in industrial control supercomputing infrastructure. The company develops and provides industrial intelligence computers and software aimed at enhancing industrial automation and intelligence. Its offerings are tailored to advanced manufacturing, high-end equipment manufacturing, new energy, and industrial IT innovation sectors. By focusing on these areas, Sinsegye seeks to transform the current landscape of industrial computing, equipping users with the tools necessary for modernization and efficiency in their operations.

Sinsegye

Seed Round in 2023
Sinsegye is a product-driven enterprise that specializes in industrial control supercomputing infrastructure. The company develops and provides industrial intelligence computers and software aimed at enhancing industrial automation and intelligence. Its offerings are tailored to advanced manufacturing, high-end equipment manufacturing, new energy, and industrial IT innovation sectors. By focusing on these areas, Sinsegye seeks to transform the current landscape of industrial computing, equipping users with the tools necessary for modernization and efficiency in their operations.

Hengchuang Precision

Series B in 2023
Hengchuang Precision is a manufacturer and supplier specializing in connector hoses and hose fittings for hydraulic equipment. The company is dedicated to the research, development, production, and sales of various fluid connection hose assemblies, ensuring a reliable and stable supply for its clients. Hengchuang Precision emphasizes continuous investment in scientific research and adheres to a development strategy that prioritizes product branding, industrial scale, marketing network, staff expertise, management modernization, and international image enhancement.

Sinsegye

Seed Round in 2022
Sinsegye is a product-driven enterprise that specializes in industrial control supercomputing infrastructure. The company develops and provides industrial intelligence computers and software aimed at enhancing industrial automation and intelligence. Its offerings are tailored to advanced manufacturing, high-end equipment manufacturing, new energy, and industrial IT innovation sectors. By focusing on these areas, Sinsegye seeks to transform the current landscape of industrial computing, equipping users with the tools necessary for modernization and efficiency in their operations.

InRoad

Series B in 2021
InRoad is a digital software company that specializes in providing mobile information solutions and management software tailored for the chemical industry and industrial manufacturers. Founded in 2015 and headquartered in Shanghai, China, InRoad focuses on delivering innovative technology to enhance operational efficiency and streamline processes within its target sectors. The company's software solutions aim to improve information accessibility and management for manufacturers, enabling them to optimize their operations and decision-making.

Lihexing

Funding Round in 2019
Shenzhen Lihexing Co., Ltd. is a manufacturer specializing in flexible industrial automation equipment, founded in 2006 and based in Shenzhen, China. The company’s product portfolio includes universal film machines, laminating machines, TP laminating equipment, and custom-designed equipment tailored to specific client needs. Lihexing focuses on providing automation and intelligent manufacturing solutions primarily for the production and inspection of mobile smart terminals and network infrastructure devices. Its notable clientele includes major industry players such as Huawei, Foxconn, and Canon, positioning the company as a significant contributor to advancements in manufacturing technology. The company underwent a name change in November 2014, reflecting its evolving business focus and commitment to innovation in the automation sector.

Guangzhou Jingyuan Mechano-Electric Equipment

Series A in 2012
Guangzhou Jingyuan Mechano-Electric Equipment is a manufacturer specializing in industrial robots, automated logistics systems, and intelligent equipment systems. The company aims to transform the industrial sector in China by providing innovative solutions that enhance operational efficiency in both industrial and logistics applications. Through its advanced products, Guangzhou Jingyuan enables clients to optimize their business operations, resulting in significant time and cost savings.

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.
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