HSG, formerly known as Sequoia Capital China, is a global venture capital and private equity firm, managing over USD 55 billion across various funds. Established in 2005, HSG invests in technology, healthcare, and consumer sectors, with a focus on seed, venture, growth, buyout, and infrastructure stages. The firm has backed over 1,500 companies, with more than 160 listed on public exchanges and over 140 achieving unicorn status. HSG operates globally, with offices in Hong Kong, Shanghai, Beijing, Shenzhen, London, Tokyo, and Singapore, providing extensive resources and industry expertise to its portfolio companies.
2800 Sand Hill Road, Suite 101 Menlo Park, California 94025, USA
Room 3606 China Central Place Tower 3 77 Jianguo Road Chaoyang District Beijing 100025, China
6th Floor, East Wing, Block B, Divyasree Technopolis, Off HAL Airport Road, Yemalur, Kadubeesanahalli, Bengaluru, Karnataka 560037, India
Rohit Agarwal
Managing Director
Wang Chenyu
Vice President
Sakshi Chopra
Managing Director
Raghavv Garg
Analyst
Amit Jain
Managing Director
Pushpak Kedia
Vice President
Sunint Khurana
Analyst
Cherry Lu
Partner
Ishaan Mittal
Managing Director
Saksham Mittal
Analyst
Abhishek Mohan
Principal
Javier Ng
Associate
Enita Pu
Partner
Wendy Qian
Analyst
Haim Sadger
Partner
Harshjit Sethi
Managing Director
Yoav Shaked
Partner
Johan Surani
Vice President
Vedant Trivedi
Associate
Aradhita Tuli
Investment Analyst
Pavel Vyhnalek
Operating Partner
Fu Xin
Partner
Past deals in Smart Cities
Attentive
Series A in 2025
Attentive AI specializes in the development of advanced artificial intelligence systems that analyze extensive geospatial imagery to deliver precise insights. Headquartered in New Delhi, India, the company caters to geospatial technology providers and end users by offering 2D and 3D vector data derived from various sources, including satellite, aerial, street, and drone imagery. Additionally, Attentive AI has created landscape management software aimed at enhancing operational efficiency for businesses in the landscaping, asphalt and paving, facilities maintenance, and snow removal sectors. This software leverages AI to optimize workflows, enabling clients to scale their operations effectively while providing access to up-to-date aerial imagery and blueprints.
Sanshou Technology
Seed Round in 2024
Sanshou Technology focuses on researching and developing smart motorcycles.
Cloudphysician
Series A in 2024
Cloudphysician is a prominent provider of Smart-ICU services, utilizing a cloud-based platform to enhance critical care delivery. The company employs advanced technologies such as artificial intelligence, the Internet of Things, and predictive analytics to facilitate real-time clinical decision-making. This innovative approach supports early-stage diagnosis of critical diseases in adults and monitors immunization schedules and growth profiles of newborns, aimed at reducing neonatal mortality rates. By combining medical expertise with technology, Cloudphysician improves patient outcomes and offers hospitals and healthcare providers enhanced monitoring, support, and training, ultimately transforming the landscape of critical care in the healthcare industry.
Attentive
Series A in 2024
Attentive AI specializes in the development of advanced artificial intelligence systems that analyze extensive geospatial imagery to deliver precise insights. Headquartered in New Delhi, India, the company caters to geospatial technology providers and end users by offering 2D and 3D vector data derived from various sources, including satellite, aerial, street, and drone imagery. Additionally, Attentive AI has created landscape management software aimed at enhancing operational efficiency for businesses in the landscaping, asphalt and paving, facilities maintenance, and snow removal sectors. This software leverages AI to optimize workflows, enabling clients to scale their operations effectively while providing access to up-to-date aerial imagery and blueprints.
Newtrace
Seed Round in 2023
Newtrace specializes in the development of innovative electrolyzer technology aimed at producing green hydrogen in a commercially viable and scalable manner. The company's advanced electrolyzer management system consolidates data from various plant equipment into a unified automated platform. This integration allows clients to efficiently generate green hydrogen at a competitive cost, supporting the transition to sustainable energy solutions.
Deep Intelligent Control Technology
Series A in 2023
Deep Intelligent Control is a service provider focused on digital intelligence innovation and energy conservation. The company specializes in developing advanced products and technologies aimed at improving energy efficiency through the Internet of Things (IoT) and Artificial Intelligence of Things (AIoT) technologies. By offering a plug-and-play IoT energy management and monitoring system, Deep Intelligent Control enables businesses to manage their energy usage with minimal technical expertise, ultimately reducing costs and enhancing operational efficiency. Their solutions are designed to achieve significant energy savings in electromechanical systems, contributing to a reduction in carbon emissions. Through their research and development efforts, Deep Intelligent Control supports the building and industrial sectors in becoming more digitally intelligent and sustainable.
Bounce
Venture Round in 2023
Bounce (formerly known as Metro Bikes) is a smart mobility solution, with a mission of making daily commute stress-free, time-saving, reliable, and convenient. With a breakthrough technology that lets users access the bike with just an OTP, the Keyless bikes, have not only done away with keys, but the whole process of renting a bike has just become devoid of any physical or human intervention. With Bounce's new One Way Rental service, users can now pick up and drop the bike anywhere they need to and be done with the ride. This is aimed at providing a seamless first mile and last-mile connectivity to metro users. Founded in 2014, Bounce aims at decongesting the roads by encouraging commuters to choose public transport by delivering convenient options to rent bikes and reach their destinations from metro stations. It is based in Bangalore, India.
Rox Motor
Series D in 2022
ROX Motor is a company dedicated to the development of off-road new energy vehicles, focusing on innovations in smart car technologies. The firm specializes in research and development in areas such as new energy power, intelligent cockpit systems, and autonomous driving. By providing advanced solutions in three-electric technology and intelligent driving, ROX Motor aims to enhance product quality within the new energy vehicle industry. The company's commitment to integrating cutting-edge technologies supports its mission to lead in the smart vehicle market.
Beam
Series B in 2022
Beam Mobility Holdings Pte. Ltd. is a micro-mobility company that offers electric scooters for rent through a user-friendly mobile application. Established in 2018 and based in Singapore, Beam aims to enhance urban mobility by providing a network of shared e-scooters that can be easily accessed on a pay-per-use basis. The company promotes responsible parking by incentivizing users to return scooters to designated parking spots, thereby minimizing clutter on city streets. By leveraging Internet of Things technology, Beam contributes to improved last-mile connectivity, helps alleviate traffic congestion, and supports environmental sustainability efforts.
Rox Motor
Series C in 2021
ROX Motor is a company dedicated to the development of off-road new energy vehicles, focusing on innovations in smart car technologies. The firm specializes in research and development in areas such as new energy power, intelligent cockpit systems, and autonomous driving. By providing advanced solutions in three-electric technology and intelligent driving, ROX Motor aims to enhance product quality within the new energy vehicle industry. The company's commitment to integrating cutting-edge technologies supports its mission to lead in the smart vehicle market.
HT Aero
Series A in 2021
HT Aero aspires to be the pioneer of urban air mobility (UAM) and is dedicated to producing safe and intelligent electric flying vehicles. which combine automotive and aerospace technologies to realize domestic air-travel usage at scale.
MetaX
Seed Round in 2021
Muxi is dedicated to providing full-stack GPU chips and heterogeneous computing solutions that can be widely used in cutting-edge fields such as artificial intelligence, smart cities, data centers, cloud computing, autonomous driving, digital twins, metaverse, and so on. It builds full-stack GPU chip products, launching MXN series GPUs (Xi Si) for AI reasoning, MXC series GPUs (Xi Yun) for AI training and general computing, and MXG series GPUs (Xi Cai) for graphics rendering, Meet the computing power requirements of data centers for "high energy efficiency" and "high versatility". Mu Xi's products all use independently developed GPU IP, have instruction sets and architectures with completely independent intellectual property rights, and are outfitted with a complete software stack (MACAMACA) compatible with mainstream GPU ecosystems. In September 2020, the company was founded in Shanghai, and it has wholly-owned subsidiaries and R&D centers in Beijing, Nanjing, Chengdu, Hangzhou, Shenzhen, and Wuhan.
Hive Box Technology
Series C in 2021
Hive Box Technology, established in 2015 and headquartered in Shenzhen, China, specializes in operating a network of self-service package drop-off and pick-up stations. These stations, located in residential areas, are designed to facilitate 24/7 storage and retrieval of packages for express delivery companies and e-commerce logistics providers, enhancing convenience and efficiency in the supply chain.
Jiangxing Intelligence
Series A in 2020
Jiangxing Intelligence Inc., founded in 2018 by Professor Liu Jiangchuan, specializes in the development and operation of artificial intelligence (AI) and edge computing technologies tailored for the Internet of Things (IoT) in China. The company offers solutions such as EdgeBox, which enables real-time processing of big data for industrial clients across various sectors, including manufacturing, energy, transportation, and smart cities. Additionally, its Ubiquitous Wisdom Eye device provides intelligent monitoring for transmission lines by integrating data from various sensors, creating a cohesive supervision platform. Headquartered in Beijing, with offices in Shenzhen and Nanjing, Jiangxing Intelligence has secured significant venture capital funding, positioning itself as a leader in advanced edge computing applications for energy and industrial security.
Beam
Series A in 2020
Beam Mobility Holdings Pte. Ltd. is a micro-mobility company that offers electric scooters for rent through a user-friendly mobile application. Established in 2018 and based in Singapore, Beam aims to enhance urban mobility by providing a network of shared e-scooters that can be easily accessed on a pay-per-use basis. The company promotes responsible parking by incentivizing users to return scooters to designated parking spots, thereby minimizing clutter on city streets. By leveraging Internet of Things technology, Beam contributes to improved last-mile connectivity, helps alleviate traffic congestion, and supports environmental sustainability efforts.
Bounce
Series D in 2020
Bounce (formerly known as Metro Bikes) is a smart mobility solution, with a mission of making daily commute stress-free, time-saving, reliable, and convenient. With a breakthrough technology that lets users access the bike with just an OTP, the Keyless bikes, have not only done away with keys, but the whole process of renting a bike has just become devoid of any physical or human intervention. With Bounce's new One Way Rental service, users can now pick up and drop the bike anywhere they need to and be done with the ride. This is aimed at providing a seamless first mile and last-mile connectivity to metro users. Founded in 2014, Bounce aims at decongesting the roads by encouraging commuters to choose public transport by delivering convenient options to rent bikes and reach their destinations from metro stations. It is based in Bangalore, India.
StreamNative
Seed Round in 2019
StreamNative provides a cloud-native event streaming platform built on Apache Pulsar, allowing organizations to transform enterprise data into real-time streams. This platform is designed to support a wide range of industries, including gaming, financial services, blockchain, retail, logistics, manufacturing, media, and IoT. By leveraging the architectural benefits of Apache Pulsar, StreamNative enables companies to consolidate data from disparate legacy systems into a unified, real-time event streaming environment, facilitating immediate action and collaboration among data science, engineering, and business teams. The company was founded by experienced members of the Apache Pulsar and BookKeeper communities, who have extensive expertise in deploying Pulsar at scale for major internet companies. Headquartered in San Francisco, StreamNative also has offices in Beijing, Shanghai, and Shenzhen, underscoring its global reach and commitment to enhancing enterprise operations through innovative data solutions.
Jiangxing Intelligence
Series A in 2019
Jiangxing Intelligence Inc., founded in 2018 by Professor Liu Jiangchuan, specializes in the development and operation of artificial intelligence (AI) and edge computing technologies tailored for the Internet of Things (IoT) in China. The company offers solutions such as EdgeBox, which enables real-time processing of big data for industrial clients across various sectors, including manufacturing, energy, transportation, and smart cities. Additionally, its Ubiquitous Wisdom Eye device provides intelligent monitoring for transmission lines by integrating data from various sensors, creating a cohesive supervision platform. Headquartered in Beijing, with offices in Shenzhen and Nanjing, Jiangxing Intelligence has secured significant venture capital funding, positioning itself as a leader in advanced edge computing applications for energy and industrial security.
Bounce
Series C in 2019
Bounce (formerly known as Metro Bikes) is a smart mobility solution, with a mission of making daily commute stress-free, time-saving, reliable, and convenient. With a breakthrough technology that lets users access the bike with just an OTP, the Keyless bikes, have not only done away with keys, but the whole process of renting a bike has just become devoid of any physical or human intervention. With Bounce's new One Way Rental service, users can now pick up and drop the bike anywhere they need to and be done with the ride. This is aimed at providing a seamless first mile and last-mile connectivity to metro users. Founded in 2014, Bounce aims at decongesting the roads by encouraging commuters to choose public transport by delivering convenient options to rent bikes and reach their destinations from metro stations. It is based in Bangalore, India.
Bounce
Series B in 2019
Bounce (formerly known as Metro Bikes) is a smart mobility solution, with a mission of making daily commute stress-free, time-saving, reliable, and convenient. With a breakthrough technology that lets users access the bike with just an OTP, the Keyless bikes, have not only done away with keys, but the whole process of renting a bike has just become devoid of any physical or human intervention. With Bounce's new One Way Rental service, users can now pick up and drop the bike anywhere they need to and be done with the ride. This is aimed at providing a seamless first mile and last-mile connectivity to metro users. Founded in 2014, Bounce aims at decongesting the roads by encouraging commuters to choose public transport by delivering convenient options to rent bikes and reach their destinations from metro stations. It is based in Bangalore, India.
Leapmotor
Series A in 2018
Zhejiang Leapmotor Technology Co., Ltd. is a prominent electric vehicle manufacturer based in Hangzhou, China. Established in 2015, the company focuses on the design, research and development, and production of intelligent electric vehicles. Leapmotor is committed to advancing technologies related to intelligent driving, motor electronic control, battery systems, and cloud computing for vehicle networking solutions. The company benefits from significant investment by Zhejiang Dahua Technology Co., Ltd., which provides robust financial support and expertise in technology research, development, and quality management. Leapmotor prioritizes technological innovation and industrial design, aiming to enhance process quality in its operations.
Beam
Seed Round in 2018
Beam Mobility Holdings Pte. Ltd. is a micro-mobility company that offers electric scooters for rent through a user-friendly mobile application. Established in 2018 and based in Singapore, Beam aims to enhance urban mobility by providing a network of shared e-scooters that can be easily accessed on a pay-per-use basis. The company promotes responsible parking by incentivizing users to return scooters to designated parking spots, thereby minimizing clutter on city streets. By leveraging Internet of Things technology, Beam contributes to improved last-mile connectivity, helps alleviate traffic congestion, and supports environmental sustainability efforts.
Bounce
Series A in 2018
Bounce (formerly known as Metro Bikes) is a smart mobility solution, with a mission of making daily commute stress-free, time-saving, reliable, and convenient. With a breakthrough technology that lets users access the bike with just an OTP, the Keyless bikes, have not only done away with keys, but the whole process of renting a bike has just become devoid of any physical or human intervention. With Bounce's new One Way Rental service, users can now pick up and drop the bike anywhere they need to and be done with the ride. This is aimed at providing a seamless first mile and last-mile connectivity to metro users. Founded in 2014, Bounce aims at decongesting the roads by encouraging commuters to choose public transport by delivering convenient options to rent bikes and reach their destinations from metro stations. It is based in Bangalore, India.
Leapmotor
Seed Round in 2018
Zhejiang Leapmotor Technology Co., Ltd. is a prominent electric vehicle manufacturer based in Hangzhou, China. Established in 2015, the company focuses on the design, research and development, and production of intelligent electric vehicles. Leapmotor is committed to advancing technologies related to intelligent driving, motor electronic control, battery systems, and cloud computing for vehicle networking solutions. The company benefits from significant investment by Zhejiang Dahua Technology Co., Ltd., which provides robust financial support and expertise in technology research, development, and quality management. Leapmotor prioritizes technological innovation and industrial design, aiming to enhance process quality in its operations.
Meituan Bike
Series E in 2017
Meituan Bike, previously known as Mobike, is a Chinese bicycle-sharing service that operates a fully station-less model. Founded in January 2015 by Davis Wang Xiao Feng, Hu Wei Wei, and Xia Yi Ping, the company is headquartered in Beijing. Meituan Bike allows users to easily locate and rent bicycles through a mobile application, facilitating convenient transportation for short urban trips. The bicycles are equipped with smart locks and can be reserved via the app, offering a seamless user experience. In April 2018, the company was acquired by Meituan-Dianping for $2.7 billion and was rebranded as Meituan Bike in January 2019 as part of the integration process. The service has grown significantly since its inception, contributing to the development of urban mobility solutions in China.
YITU
Series C in 2017
Yitu Limited is a prominent artificial intelligence company based in Shanghai, China, founded in 2012. The firm specializes in the research and development of AI solutions across various sectors, including smart cities, healthcare, and commerce. Yitu focuses on areas such as machine vision, natural language understanding, and intelligent hardware, seeking to create comprehensive solutions that enhance operational efficiency and drive innovation. The company offers a range of products, including AI infrastructure for city management, medical diagnostic technologies, and applications for smart finance and retail. With a strong emphasis on fundamental research, Yitu aims to deliver breakthroughs that expand the potential of AI and contribute to a safer, faster, and healthier world. Its advanced R&D team is dedicated to transforming industries by integrating AI technologies into practical business applications.
Xiaodian
Series B in 2017
Xiaodian Group, established in December 2016, is a technology-driven company specializing in small electric mobile charging services. Leveraging advanced Internet of Things technology, it has developed a comprehensive service network that spans over 2,700 cities across the country, catering to over 450 million users. Xiaodian offers various products, including large and small vending machines and mobile charging devices, strategically located in transportation hubs, urban shopping centers, hotels, cinemas, and high-speed rail stations, as well as in chain restaurants and entertainment venues. The company provides convenient smartphone charging services through a user-friendly QR code system, allowing individuals to charge their devices easily and intelligently in various consumer scenarios.
Meituan Bike
Series D in 2017
Meituan Bike, previously known as Mobike, is a Chinese bicycle-sharing service that operates a fully station-less model. Founded in January 2015 by Davis Wang Xiao Feng, Hu Wei Wei, and Xia Yi Ping, the company is headquartered in Beijing. Meituan Bike allows users to easily locate and rent bicycles through a mobile application, facilitating convenient transportation for short urban trips. The bicycles are equipped with smart locks and can be reserved via the app, offering a seamless user experience. In April 2018, the company was acquired by Meituan-Dianping for $2.7 billion and was rebranded as Meituan Bike in January 2019 as part of the integration process. The service has grown significantly since its inception, contributing to the development of urban mobility solutions in China.
Meituan Bike
Series C in 2016
Meituan Bike, previously known as Mobike, is a Chinese bicycle-sharing service that operates a fully station-less model. Founded in January 2015 by Davis Wang Xiao Feng, Hu Wei Wei, and Xia Yi Ping, the company is headquartered in Beijing. Meituan Bike allows users to easily locate and rent bicycles through a mobile application, facilitating convenient transportation for short urban trips. The bicycles are equipped with smart locks and can be reserved via the app, offering a seamless user experience. In April 2018, the company was acquired by Meituan-Dianping for $2.7 billion and was rebranded as Meituan Bike in January 2019 as part of the integration process. The service has grown significantly since its inception, contributing to the development of urban mobility solutions in China.
YITU
Series A in 2015
Yitu Limited is a prominent artificial intelligence company based in Shanghai, China, founded in 2012. The firm specializes in the research and development of AI solutions across various sectors, including smart cities, healthcare, and commerce. Yitu focuses on areas such as machine vision, natural language understanding, and intelligent hardware, seeking to create comprehensive solutions that enhance operational efficiency and drive innovation. The company offers a range of products, including AI infrastructure for city management, medical diagnostic technologies, and applications for smart finance and retail. With a strong emphasis on fundamental research, Yitu aims to deliver breakthroughs that expand the potential of AI and contribute to a safer, faster, and healthier world. Its advanced R&D team is dedicated to transforming industries by integrating AI technologies into practical business applications.
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