Hillhouse Investment Group

Hillhouse Investment Group, established in 2005 and headquartered in Hong Kong, is a prominent global investment management firm that focuses on private equity. The firm engages in long-term investments across various sectors, including healthcare, business services, consumer goods, industrials, and energy transition. Hillhouse partners with exceptional entrepreneurs to foster sustainable value creation within quality companies. In addition to private equity, the firm also participates in public equity, real estate, and private credit, managing capital on behalf of global institutions such as non-profit foundations, endowments, and pension funds.

Joe Gagnon

Partner

Huang Liming

Partner

David Rhee

Partner

Michael Yi

Partner

Sean Carney

Partner and Co-Head of Global Buyout

Past deals in Consumer Electronics

ZJeagles Comsemi

Series B in 2025
ZJeagles Comsemi specializes in the design and production of optical communication chips tailored for data centers and various industrial applications. The company's product range includes high-speed optical communication VCSEL chips, high-power-density lidar VCSEL chips, and high-efficiency 3D sensing VCSEL chips. These advanced chips support critical functions in data center optical interconnection, automotive autonomous driving, and smart lighting. Additionally, ZJeagles Comsemi offers innovative LED packaging products that enhance the capabilities of consumer electronics and industrial systems. By providing comprehensive chip solutions, the company aims to empower its industry customers with essential production inputs for their technological advancements.

Xingmai Innovation

Series A in 2024
Xingmai Innovation creates, develops, and sells intelligent swimming pool cleaning robots.

Tenways

Series B in 2023
Tenways is a manufacturer and seller of eBikes designed to facilitate daily commuting in an effortless, speedy, and eco-friendly manner. The company focuses on creating affordable and easy-to-use bicycles that cater to a growing demand for sustainable transportation options. With a robust, vertically integrated global manufacturing and supply chain, Tenways ensures that its eBikes are not only reliable but also contribute to reducing the carbon footprint associated with traditional commuting methods.

Xingmai Innovation

Angel Round in 2023
Xingmai Innovation creates, develops, and sells intelligent swimming pool cleaning robots.

Jinjiang Electronic Technology

Series B in 2022
Jinjiang Electronic Technology is a med-tech company focused on the research and development as well as the manufacture of advanced medical equipment designed to enhance patient care in the field of cardiac electrophysiology. The company offers a range of innovative products, including a 3D cardiac mapping system, electrophysiology recording system, cardiac RF ablation generator, and irrigation pump. These devices provide comprehensive solutions aimed at diagnosing and treating arrhythmias, ultimately improving the quality of life for patients with heart conditions.

evowera

Series A in 2022
Evowera is a company specializing in the research and development as well as the production of personal consumer electronics, with a particular emphasis on innovative dental care products. The company manufactures adaptive sonic electric toothbrushes designed to enhance dental health and improve personal care routines. By focusing on advanced technology and seamless customer service, Evowera aims to contribute significantly to the personal care industry while promoting better oral hygiene practices among consumers.

Rotex Tech

Series A in 2022
Rotex Tech is a technology company specializing in electronic tattoos that cater to healthcare, fitness, and human-computer interaction (HCI). The company develops bioelectric flexible sensor technology, creating ultra-thin and flexible electronic tattoos that adhere to skin and other soft surfaces. This innovative technology enhances the functionality of medical wearables and therapeutic products, offering improved monitoring and data collection capabilities for users.

Jinjiang Electronic Technology

Series A in 2021
Jinjiang Electronic Technology is a med-tech company focused on the research and development as well as the manufacture of advanced medical equipment designed to enhance patient care in the field of cardiac electrophysiology. The company offers a range of innovative products, including a 3D cardiac mapping system, electrophysiology recording system, cardiac RF ablation generator, and irrigation pump. These devices provide comprehensive solutions aimed at diagnosing and treating arrhythmias, ultimately improving the quality of life for patients with heart conditions.

RiVAI

Series A in 2021
RiVAI Technologies specializes in the development of advanced RISC-V based CPUs and customized System-on-Chip (SoC) designs. The company focuses on delivering high-performance computing solutions for diverse applications, ranging from edge computing to data centers. Additionally, RiVAI develops artificial intelligence chips tailored for Internet of Things (IoT) applications, catering to various sectors such as wearable technology, smart homes, security systems, agriculture, and consumer electronics. By offering low-power yet high-performance core processor chips, RiVAI enables its clients to meet the growing demands of modern computing environments.

VanMoof

Series C in 2021
VanMoof is a designer and developer of urban e-bikes, aimed at providing a convenient commuting solution for modern city-dwellers. Founded in 2008 and headquartered in Amsterdam, the company focuses on enabling users to travel efficiently and stylishly. VanMoof's e-bikes are equipped with advanced features such as antitheft systems, intelligent motors, and automatic electronic gear shifting, which enhance the commuting experience and promote sustainable transportation. By integrating technology into their designs, VanMoof aims to help users navigate urban environments more effectively.

Philips Domestic Appliances and Personal Care

Acquisition in 2021
Philips DAP manufactures and markets kitchen appliances, irons and vacuum cleaners to shavers, electric toothbrushes, beauty-care products, home health, and fitness products. It enjoys the number one global position in electric shavers with Philishave and Norelco, and also has the number one brand in steam irons. With the acquisition of Optiva, Philips DAP builds on its existing position in dental care products under the Sensiflex range, becoming the number two global player.

Energy Monster

Series D in 2021
Energy Monster is a power bank rental service operating under Shanghai Zhi Technology, designed to offer users convenient mobile device charging solutions. The company enables customers to rent power banks easily by scanning QR codes, allowing them to maintain connectivity without interruptions. With a presence in 100 cities and partnerships with approximately 100,000 merchants, Energy Monster has established an extensive network of points of interest, including entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces. Users can rent power banks through mini-programs and return them at various locations, providing a flexible and accessible charging option.

Grand Voyage Holdings

Series B in 2020
Grand Voyage Holdings is a lighting device producer and retailer. They serve traditional light source lamps and LED lamps with analog or digital control products. They focus on improving the livability and effectiveness of indoor and outdoor environments.

Grand Voyage Holdings

Series A in 2020
Grand Voyage Holdings is a lighting device producer and retailer. They serve traditional light source lamps and LED lamps with analog or digital control products. They focus on improving the livability and effectiveness of indoor and outdoor environments.

Narwal Robotics

Series C in 2020
Narwal Robotics focus on design, development, and production of intelligent cleaning robots.

ASR Microelectronics

Series D in 2020
ASR Microelectronics (Shanghai) Co., Ltd. is a semiconductor manufacturer specializing in chips for mobile intelligent communication terminals, navigation, and various consumer electronics. Founded in April 2015 and headquartered in Shanghai's Zhangjiang Hi-Tech Park, the company develops products including smartphones, modems, and integrated system on chips (SoCs). ASR's research and development efforts are supported by teams based in the United States and South Korea, focusing on technological innovation across mobile communications, the Internet of Things, and smart handheld devices. The company boasts comprehensive capabilities in baseband platform development, particularly following its acquisition of Marvell's Mobile Business Unit in 2017, positioning itself as a key player in China's semiconductor landscape. ASR is dedicated to providing efficient technical support and product solutions across multiple communication standards, including 2G, 3G, and 4G technologies.

Energy Monster

Series C in 2019
Energy Monster is a power bank rental service operating under Shanghai Zhi Technology, designed to offer users convenient mobile device charging solutions. The company enables customers to rent power banks easily by scanning QR codes, allowing them to maintain connectivity without interruptions. With a presence in 100 cities and partnerships with approximately 100,000 merchants, Energy Monster has established an extensive network of points of interest, including entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces. Users can rent power banks through mini-programs and return them at various locations, providing a flexible and accessible charging option.

Gree Electric Appliances

Post in 2019
Gree Electric Appliances, Inc. of Zhuhai is a leading manufacturer of household appliances and industrial equipment, primarily known for its extensive range of air conditioning products. Established in 1989 and headquartered in Zhuhai, China, the company offers a diverse portfolio that includes residential and commercial air conditioners, air-to-water heat pumps, and various home appliances such as electric fans, heaters, water purifiers, and multi-cookers. Gree has evolved into a technologically advanced industrial production group, focusing on both domestic consumer goods and industrial equipment. The company generates a significant portion of its sales within China, with air conditioning systems accounting for a major share of its revenue. Additionally, Gree has expanded into sectors such as industrial components, photovoltaic equipment, and new energy vehicles, underscoring its commitment to innovation and diversification in the appliance industry.

Energy Monster

Series C in 2019
Energy Monster is a power bank rental service operating under Shanghai Zhi Technology, designed to offer users convenient mobile device charging solutions. The company enables customers to rent power banks easily by scanning QR codes, allowing them to maintain connectivity without interruptions. With a presence in 100 cities and partnerships with approximately 100,000 merchants, Energy Monster has established an extensive network of points of interest, including entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces. Users can rent power banks through mini-programs and return them at various locations, providing a flexible and accessible charging option.

Tortoise & Panda

Seed Round in 2018
Tortoise & Pand is a smart hardware company.

Energy Monster

Series B in 2017
Energy Monster is a power bank rental service operating under Shanghai Zhi Technology, designed to offer users convenient mobile device charging solutions. The company enables customers to rent power banks easily by scanning QR codes, allowing them to maintain connectivity without interruptions. With a presence in 100 cities and partnerships with approximately 100,000 merchants, Energy Monster has established an extensive network of points of interest, including entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces. Users can rent power banks through mini-programs and return them at various locations, providing a flexible and accessible charging option.

Energy Monster

Series A in 2017
Energy Monster is a power bank rental service operating under Shanghai Zhi Technology, designed to offer users convenient mobile device charging solutions. The company enables customers to rent power banks easily by scanning QR codes, allowing them to maintain connectivity without interruptions. With a presence in 100 cities and partnerships with approximately 100,000 merchants, Energy Monster has established an extensive network of points of interest, including entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces. Users can rent power banks through mini-programs and return them at various locations, providing a flexible and accessible charging option.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.