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Asset/Investment Management
FINANCE | Investment Firms & Funds
hfctjt.com

Investments

79

Portfolio Exits

1

Funds

2

About Hefei Industry Investment Group

Hefei Industry Investment Group engages in industry investment activity in Hefei City in China.

Headquarters Location

21st-23rd Floor, Block A, Hupo Wuhuan International, Qianshan Road No.100 Administrative District

Hefei, Anhui,

China

0551-62647739

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Latest Hefei Industry Investment Group News

New Energy firm Qingdian Group’s photovoltaic arm raises over $213m

May 19, 2023

19 May, 2023 New energy firm Qingdian Group’s photovoltaic arm Qingdian Guangfu Keji has bagged 1.5 billion yuan ($213.1 million) in a Series A funding round led by state-affiliated investors Hefei Industry Investment Group, and Beijing Energy Holding. Local venture capital firms including Broad River Capital and Shenzhen DG Capital Management joined the round, alongside Shanghai-listed Sany Renewable Energy (aka Sany Heavy Energy), according to a statement by the deal’s financial advisor Tuofeng Capital earlier this week. Founded in 2016, Beijing-based Qingdian Group engages in the construction, operation, and management of renewable-energy power plants across the country. The photovoltaic arm was established in 2020, as the firm ventured into the solar energy space. Most recently, the firm commenced the construction of an industrial park in Hami in Eastern Xinjiang in 2022 that specialises in the production of monocrystalline silicon, polycrystalline silicon, as well as industrial grade silicone, which are key components of solar panels. With a 10 gigawatts production capacity, the first phase of monocrystalline silicon wafer production is set to kick off in July this year, the firm said in the release. The firm plans to use the fresh proceeds to support the construction and operation of its production facilities, Zhang Jujun, founder and chairman of Qingdian Group said in the release. Zhang added that the photovoltaic arm will start its Series B equity and debt financing round depending on the project’s progress and capital needs. China’s goal of turning carbon neutral before 2060, has prompted companies across the renewable energy, waste recycling, and energy management sectors to ride on the cleantech bandwagon. Xi’an-headquartered JD Energy raised 700 million yuan ($99.8 million) in a Series B round earlier this month led by Goldstone Investment, a subsidiary of China’s largest brokerage Citic Securities. Although renewable energy firms in the Greater China region only completed a total of 10 deals worth $1 billion in Q1, energy storage firms, which helped accelerate the cleantech transition, closed a total of 51 deals worth $1.2 billion, according to DealStreetAsia’s proprietary data.

Hefei Industry Investment Group Investments

79 Investments

Hefei Industry Investment Group has made 79 investments. Their latest investment was in Chengling Microelectronics as part of their Seed VC - II on February 08, 2024.

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Hefei Industry Investment Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/8/2024

Seed VC - II

Chengling Microelectronics

Yes

3

1/9/2024

Series B

Zhicheng Semiconductor

Yes

2

12/14/2023

Series B

Poly Material Technology

Yes

2

11/27/2023

Series A

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$99M

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10

11/6/2023

Seed

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10

Date

2/8/2024

1/9/2024

12/14/2023

11/27/2023

11/6/2023

Round

Seed VC - II

Series B

Series B

Series A

Seed

Company

Chengling Microelectronics

Zhicheng Semiconductor

Poly Material Technology

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Amount

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

3

2

2

10

10

Hefei Industry Investment Group Portfolio Exits

1 Portfolio Exit

Hefei Industry Investment Group has 1 portfolio exit. Their latest portfolio exit was Union Semiconductor on August 18, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/18/2022

IPO

$99M

Public

1

Date

8/18/2022

Exit

IPO

Companies

Valuation

$99M

Acquirer

Public

Sources

1

Hefei Industry Investment Group Fund History

2 Fund Histories

Hefei Industry Investment Group has 2 funds, including 合肥市产业投促创业投资基金 (Hefei Industrial Investment Promotion Venture Capital Fund).

Closing Date

Fund

Fund Type

Status

Amount

Sources

合肥市产业投促创业投资基金 (Hefei Industrial Investment Promotion Venture Capital Fund)

智能语音及人工智能基金 (Intelligent Voice and Artificial Intelligence Industry Development Fund)

$99M

10

Closing Date

Fund

合肥市产业投促创业投资基金 (Hefei Industrial Investment Promotion Venture Capital Fund)

智能语音及人工智能基金 (Intelligent Voice and Artificial Intelligence Industry Development Fund)

Fund Type

Status

Amount

$99M

Sources

10

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