Shunwei Capital

Shunwei Capital is a Beijing-based venture capital firm founded in 2011 that focuses on early to mid-stage investments in the local internet industry and related technology sectors. It emphasizes incubation and growth capital for startups across information technology, internet services, high technology, new media, games, internet finance, and rural internet, with cross-border interest in opportunities between China and India. The firm targets investments in mobile internet, IoT, smart hardware, and other internet-enabled platforms to support scalable digital economy ventures. Its investor base includes sovereign wealth funds, fund of funds, university endowments, and family offices, reflecting a diverse backing for its venture activities.

Tian Cheng

Partner

Tian Cheng

Partner

Devin (Hang) Gao

Associate

Zhengnan Hu

Partner

Xiaoling Lai

Partner

Past deals in Manufacturing

Huashen Ruili

Series A in 2025
Huashen Ruili is a manufacturer and retailer of auto parts. It focuses on the advancement of drive motor systems' dry brake-by-wire technology.

Tanshao Technology

Seed Round in 2024
Tanshao Technology specializes in semiconductor device manufacturing equipment.

Zhihe Biotechnology

Seed Round in 2024
Zhihe Bio is a synthetic biology manufacturer of oleochemicals.

Zhi'an New Energy

Series A in 2023
Zhi'an New Energy is a company focused on the research, development, and manufacturing of smart batteries specifically designed for robotic applications. It specializes in creating advanced control systems for these batteries, as well as associated charging and testing equipment. By providing tailored battery solutions, Zhi'an New Energy aims to support the evolving needs of the robotics industry across various sectors, ensuring reliable energy sources for the next generation of robots.

Huashen Ruili

Seed Round in 2023
Huashen Ruili is a manufacturer and retailer of auto parts. It focuses on the advancement of drive motor systems' dry brake-by-wire technology.

Bodor Laser

Venture Round in 2023
Bodor Laser is a manufacturing company specializing in the research, development, production, and marketing of high-powered laser cutting machines. Its product portfolio includes sheet metal laser cutting machines, laser welding machines, and related automation devices, catering to industries requiring precise cutting processes. Bodor Laser is renowned for its high sales volume in the 10kW+ laser cutting machine segment.

CNPC Powder

Series A in 2023
CNPC Powder is a manufacturer specializing in the research, development, marketing, and production of powdery materials, primarily for use in metallurgy and welding. The company offers a diverse product line that includes iron and copper alloy powders, nickel powder, stainless steel powder, 3D printing powders, and nanoparticle metal alloy powders. Additionally, CNPC Powder provides services such as freight cost calculation, facilitating logistics for industries that require these essential raw materials for heavy-duty operations. Through its focus on quality and innovation, CNPC Powder aims to meet the demands of various sectors that rely on metal powders for their manufacturing processes.

Xinsu Technology

Seed Round in 2023
Xinsu Technology develops, designs, and sells industrial machine vision sensor devices. It is specialized in new energy battery and automobile manufacturing industries. It engaged in intellectual property rights of decoding and reading algorithms and has launched a series of industrial high-performance fixed code readers such as R275-A.

Lotmaxx 3d

Seed Round in 2023
We are a group of researchers and enthusiasts of 3D printing technologies; We are a group of 3D printing professionals who are committed to serve 3D printing practitioners’ inspiration and creativities from all over the world; We are a group of dream makers who are interested in leading the 3D printing industry;

EPiCMEMS

Venture Round in 2022
Kaiyuan Communication Technology (Xiamen) Co., Ltd. is a specialized chip manufacturer based in Haicang District, Xiamen City. The company focuses on providing RF front-end solutions, developing advanced 4G+ and 5G RF filters and chips aimed at enhancing the domestic chip industry. With operational facilities in Zhangjiang, Shanghai, and sales and customer support centers in Shenzhen, Xi'an, and Beijing, Kaiyuan is positioned to serve the mobile device sector and the burgeoning Internet of Things (IoT) market. Its products are designed to deliver high-speed, high-quality connectivity, enabling users to experience faster and more stable connections in their devices.

Zhihe Biotechnology

Angel Round in 2022
Zhihe Bio is a synthetic biology manufacturer of oleochemicals.

Zongwei Automation

Angel Round in 2022
Shanghai Zongwei Automation Co., Ltd. (ZONGWEI) is a research and development enterprise focusing on automation flexibility technology and solutions. The company has leading linear motion control core technology and experience, and independently developed key supporting equipment such as controllers, driver series and feedback systems dedicated to linear motion. High-performance products and super-optimal solutions have been widely used in semiconductors, new energy, high-end daily chemicals, 3C electronics and other fields, improving delivery efficiency and reducing production costs for many world-class industrial giants and listed company customers.

Lotmaxx 3d

Seed Round in 2022
We are a group of researchers and enthusiasts of 3D printing technologies; We are a group of 3D printing professionals who are committed to serve 3D printing practitioners’ inspiration and creativities from all over the world; We are a group of dream makers who are interested in leading the 3D printing industry;

EPiCMEMS

Series A in 2022
Kaiyuan Communication Technology (Xiamen) Co., Ltd. is a specialized chip manufacturer based in Haicang District, Xiamen City. The company focuses on providing RF front-end solutions, developing advanced 4G+ and 5G RF filters and chips aimed at enhancing the domestic chip industry. With operational facilities in Zhangjiang, Shanghai, and sales and customer support centers in Shenzhen, Xi'an, and Beijing, Kaiyuan is positioned to serve the mobile device sector and the burgeoning Internet of Things (IoT) market. Its products are designed to deliver high-speed, high-quality connectivity, enabling users to experience faster and more stable connections in their devices.

Asymptote Technology

Angel Round in 2022
Asymptote Technology specializes in developing an advanced intelligent manufacturing software platform. This platform, designed for enterprises, employs digital twins and 3D simulation for architecture, and dynamic code compilation for support, enabling efficient multi-process management in smart factories.

Qixin Micro Semiconductor

Venture Round in 2021
Suzhou Qixin Micro Semiconductor Co., Ltd. was established in October 2020. Based on the ARM Cortex M4, M7 and other series of architectures, it will build high-performance and high-reliability system-on-chips for different automotive application scenarios, and develop high-end smart car controller chips. Through the use of self-developed IP, unique multi-core lock-step technologies, and the unique Six Sigma analog circuit design process for automotive-standard chips, a full series of product families covering safety standards ISO26262 ASIL-B to ASIL-D have been designed. The company's products all meet the automotive regulations AEC-Q100, functional safety standard ISO26262 and various automotive regulations reliability tests, and can be widely used in the fields of body, automotive instrumentation, safety, power, battery management and other fields. The company is mainly engaged in the research and development and sales of high-end automotive controller chips. The goal is to fill the gap in the domestic new generation of intelligent networked automotive controller chips, and is committed to becoming a leading manufacturer in the field of automotive and industrial controllers in China.

Suzhou Brightway Intelligent Technology Co.,Ltd

Angel Round in 2021
Suzhou Brightway Intelligent is a manufacturing, distributing, and R&D company that makes E-scooters and E-bikes.

TenaFe

Series B in 2021
TenaFe develops SSD controller technology for data storage solutions across client devices, data centers, and emerging edge environments. Based in Campbell, California, the company relies on patented technology to deliver reliability, performance, and energy-efficient SSDs for devices ranging from connected gadgets to personal computers and data centers, enabling improved storage reliability and energy efficiency.

New Vision Electronics

Series C in 2021
New Vision Electronics is a China-based developer and manufacturer of automotive head-up displays and related visual solutions for smart cockpits. The company focuses on the research, development, and design of windshield HUDs, AR-HUD, display systems, and transparent components such as the A-pillar and window displays, delivering high-quality in-vehicle visual solutions to automakers. It aims to enhance the digital experience in vehicles through advanced display technologies and counts mass-production clients including NIO, Geely, BAIC, and Chery among its customers.

XinHeYun

Series C in 2021
New Nuclear Cloud is an industrially intelligent software service company that combines data and processes to realize the needs of manufacturing enterprises and configure services. They provide container technologies and services to meet the various needs of enterprises for data deployment.

Pinlan Data

Series A in 2021
Pinlan Data is a company that leverages AI, IoT, and cloud technology to enhance data collection and operational processes for brands and retailers. It focuses on developing a sophisticated AI product identification platform that gathers comprehensive product data throughout the entire supply chain, from production and manufacturing to distribution and retail. The company specializes in AI-driven item identification and offers intelligent marketing management solutions tailored for various sectors, including consumer goods, retail, logistics, real estate, and manufacturing. Pinlan Data also provides services in supply chain warehousing, inventory audits, design drawing audit automation, and image recognition, facilitating digital upgrades and innovation for enterprises through its advanced technology offerings.

LuxCreo

Series B in 2021
LuxCreo Inc., founded in 2017, is a leader in dental innovation, offering a comprehensive additive manufacturing platform that has received FDA Class II 510(k) clearance. The company specializes in 3D printed dental solutions, significantly enhancing productivity in dental clinics and laboratories by 3 to 10 times. LuxCreo enables the same-day production of dental appliances such as aligners, retainers, night guards, and splints, thus improving patient care through increased precision and speed. In addition to its core dental offerings, LuxCreo is also engaged in software and electronic hardware development, alongside material innovation, to advance 3D printing technology. This holistic approach not only streamlines manufacturing processes but also contributes to cost reduction for its clients.

Pinlan Data

Series A in 2021
Pinlan Data is a company that leverages AI, IoT, and cloud technology to enhance data collection and operational processes for brands and retailers. It focuses on developing a sophisticated AI product identification platform that gathers comprehensive product data throughout the entire supply chain, from production and manufacturing to distribution and retail. The company specializes in AI-driven item identification and offers intelligent marketing management solutions tailored for various sectors, including consumer goods, retail, logistics, real estate, and manufacturing. Pinlan Data also provides services in supply chain warehousing, inventory audits, design drawing audit automation, and image recognition, facilitating digital upgrades and innovation for enterprises through its advanced technology offerings.

EPiCMEMS

Series A in 2021
Kaiyuan Communication Technology (Xiamen) Co., Ltd. is a specialized chip manufacturer based in Haicang District, Xiamen City. The company focuses on providing RF front-end solutions, developing advanced 4G+ and 5G RF filters and chips aimed at enhancing the domestic chip industry. With operational facilities in Zhangjiang, Shanghai, and sales and customer support centers in Shenzhen, Xi'an, and Beijing, Kaiyuan is positioned to serve the mobile device sector and the burgeoning Internet of Things (IoT) market. Its products are designed to deliver high-speed, high-quality connectivity, enabling users to experience faster and more stable connections in their devices.

Poi-Tech

Series A in 2021
Poi-Tech is an industrial Internet company that specializes in enhancing innovation and competitiveness for advanced sectors such as paper, ceramics, cement, glass, and food. The company focuses on independent innovation driven by fundamental research, leveraging extensive experience in process manufacturing and modeling to continuously advance industry standards. Poi-Tech has established itself as a reliable partner for the digital transformation of numerous large-scale process manufacturing enterprises in China, offering an intelligent information platform that utilizes Internet of Things (IoT), cloud computing, and big data technologies. Through its data analysis and application services, the company enables clients to improve production efficiency and reduce operational costs, thereby fostering a more competitive manufacturing landscape.

LuxCreo

Series B in 2019
LuxCreo Inc., founded in 2017, is a leader in dental innovation, offering a comprehensive additive manufacturing platform that has received FDA Class II 510(k) clearance. The company specializes in 3D printed dental solutions, significantly enhancing productivity in dental clinics and laboratories by 3 to 10 times. LuxCreo enables the same-day production of dental appliances such as aligners, retainers, night guards, and splints, thus improving patient care through increased precision and speed. In addition to its core dental offerings, LuxCreo is also engaged in software and electronic hardware development, alongside material innovation, to advance 3D printing technology. This holistic approach not only streamlines manufacturing processes but also contributes to cost reduction for its clients.

Nanup

Series B in 2019
Jinda Nano Tech (Xiamen) Co., Ltd. is a high-tech company based in Xiamen, China, specializing in the research, development, and production of advanced nano materials and applications. Established in 2006 by Chairman Wu Jixian, the company collaborates with prominent scientific institutions such as Xiamen University to enhance its R&D capabilities in nanotechnology. Jinda produces a variety of innovative products, including nano-silver antibacterial solutions, functional powders, and textile treatments, which are utilized across diverse sectors such as healthcare, agriculture, construction, and consumer goods. The company has achieved numerous accolades, including recognition as a national high and new technology enterprise and has been involved in drafting industry standards for nano-silver products. Jinda is dedicated to sustainable growth and innovation, aiming to strengthen its position in both domestic and international markets while advancing the application of nanotechnology in various industries.

Rokae

Series B in 2018
Rokae specializes in the research, development, production, and application of industrial robots. It offers high-performance robots and intelligent manufacturing solutions to various industries such as computing, communications, consumer electronics, textiles, food processing, healthcare, and automotive manufacturing.

Tongshifu

Series B in 2018
Tongshifu is an online platform based in Hangzhou that designs and manufactures decorative brass and copper crafts. Through its platform, the company creates original brass and copper products using techniques such as gold plating, painting, and clay sculpture, offering items that reflect oriental aesthetics.

LuxCreo

Seed Round in 2018
LuxCreo Inc., founded in 2017, is a leader in dental innovation, offering a comprehensive additive manufacturing platform that has received FDA Class II 510(k) clearance. The company specializes in 3D printed dental solutions, significantly enhancing productivity in dental clinics and laboratories by 3 to 10 times. LuxCreo enables the same-day production of dental appliances such as aligners, retainers, night guards, and splints, thus improving patient care through increased precision and speed. In addition to its core dental offerings, LuxCreo is also engaged in software and electronic hardware development, alongside material innovation, to advance 3D printing technology. This holistic approach not only streamlines manufacturing processes but also contributes to cost reduction for its clients.

Monst

Angel Round in 2018
Monst is a production and sells of BJD dolls.

Revobit

Angel Round in 2018
Revobit is a company that specializes in digital creation and sourcing solutions specifically tailored for the fashion industry. It offers a comprehensive platform that facilitates the entire product creation lifecycle, enabling teams to design, collaborate, and bring products to market more efficiently. By providing end-to-end digitization of the value chain, Revobit enhances creativity and collaboration among stakeholders, addressing the fragmented nature of traditional tools in the industry. The company's focus is on improving various aspects of the fashion process, including design, manufacturing, simulation, production, and product presentation, ultimately helping clients streamline their operations and innovate in a rapidly evolving market.

Tianjin Smate Technology

Angel Round in 2017
Tianjin Smate Technology Co., Ltd. is a company that specializes in the design, development, and manufacturing of shavers. Established in 2017 and headquartered in Beijing, China, the company focuses on creating innovative grooming products that cater to consumer needs. With a commitment to quality and technological advancement, Tianjin Smate Technology aims to enhance the shaving experience through its thoughtfully engineered products.

Yunmake

Series A in 2016
Yunmake makes foldable electric bikes, like the X1 (pictured above), that are battery-powered and connected to an app. While a Xiaomi representative declined to comment on potential collaborations with Yunmake, Shunwei’s (and, by extension, Lei Jun’s) interest in the company is notable because Xiaomi is busy building a hardware ecosystem that extends beyond its smartphones. Xiaomi hasn’t rolled out vehicles yet, but reports have surfaced that it wants to add electronic bikes and smart cars to its growing roster of consumer hardware.

KOOCHANG INSTITUTE OF PRODUCT INNOVATION

Series A in 2016
KOOCHANG INSTITUTE OF PRODUCT INNOVATION is a traditional manufacturing business incubator service provider.

Yunmake

Series A in 2015
Yunmake makes foldable electric bikes, like the X1 (pictured above), that are battery-powered and connected to an app. While a Xiaomi representative declined to comment on potential collaborations with Yunmake, Shunwei’s (and, by extension, Lei Jun’s) interest in the company is notable because Xiaomi is busy building a hardware ecosystem that extends beyond its smartphones. Xiaomi hasn’t rolled out vehicles yet, but reports have surfaced that it wants to add electronic bikes and smart cars to its growing roster of consumer hardware.

Yunmake

Series A in 2015
Yunmake makes foldable electric bikes, like the X1 (pictured above), that are battery-powered and connected to an app. While a Xiaomi representative declined to comment on potential collaborations with Yunmake, Shunwei’s (and, by extension, Lei Jun’s) interest in the company is notable because Xiaomi is busy building a hardware ecosystem that extends beyond its smartphones. Xiaomi hasn’t rolled out vehicles yet, but reports have surfaced that it wants to add electronic bikes and smart cars to its growing roster of consumer hardware.

Pinluo Shangcheng

Angel Round in 2015
Pinluo Shangcheng is the developer and manufacturer of a line of tiny appliances for the house. The business develops and manufactures nourishment and kitchen products, and its offerings include juicers, wall breakers, and culinary appliances that are compact, wireless gadgets for users' homes.

A-Life

Angel Round in 2015
A-Life manufactures and sells long-staple towel products. Consumers may use moderate towels in their daily lives according to the company's concise manufacturing process and marketing mostly on e-commerce platforms. It focuses on the design and development of towels as well as the transformation of the entire industrial chain, from the production of cotton towels to the origin of cotton yarn and raw materials to logistics and shipping.

SmartMi International Limited

Series A in 2015
Smartmi, established in 2014, is focused on designing and manufacturing smart home appliances. They are constantly improving product design and pushing forward technological innovation to interconnect smart appliances, and let users experience the beauty of living in a comfortable home environment. Their ability to reach this goal comes from pitting they bold imagination against careful thinking. They consider and test out every design possibility, and work towards creating the ideal product experience. While they pursue perfection, they are also combining products with the democratization of consumer ideals so that everybody can have products that improve their lives. This is the goal they have been chasing from the start.

Qicycle

Series A in 2014
Qicycle is a manufacturer specializing in innovative bicycles, particularly focusing on carbon fiber road models and electric-assisted folding bicycles. The company offers a diverse range of products, including electric scooters, smart mountain bicycles, and safety bicycles designed for children. With a commitment to enhancing the cycling experience, Qicycle incorporates advanced technologies such as TMM torque sensing, which allows for more manageable rides on steep inclines. The company's emphasis on product research, development, and design aims to promote healthier lifestyles through sports and smart travel, making cycling more accessible and enjoyable for a broader audience.

More Design

Venture Round in 2013
More Design is a taiwanese electronic technology company focused on R&D and production of mobile phone digital accessories. It emphasises on creating a new supply chain pattern that collaborates with creative and professional individuals or groups to start businesses, upgrades in aspects including product design, standard mass-production, cost lowering, market channels and assistance with capital. More Design emphasizes on sharing risks as well as profits with the partners while aiming to develop quality products for consumers.

EPiCMEMS

Series A in 2011
Kaiyuan Communication Technology (Xiamen) Co., Ltd. is a specialized chip manufacturer based in Haicang District, Xiamen City. The company focuses on providing RF front-end solutions, developing advanced 4G+ and 5G RF filters and chips aimed at enhancing the domestic chip industry. With operational facilities in Zhangjiang, Shanghai, and sales and customer support centers in Shenzhen, Xi'an, and Beijing, Kaiyuan is positioned to serve the mobile device sector and the burgeoning Internet of Things (IoT) market. Its products are designed to deliver high-speed, high-quality connectivity, enabling users to experience faster and more stable connections in their devices.
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