SVOLT plans two new 20-GWh battery cell factories in China

Article source: https://batteryindustry.tech/svolt-plans-two-new-20-gwh-battery-cell-factories-in-china/ SVOLT Energy Technology Co., Ltd., Baoding, Hebei, China, announces the expansion of its production capacities in China with two new battery cell factories. One of the new plants will be located in Suining, in the Sichuan province in western China; the other one will be located in Huzhou in the Zhejiang province, about two hours […]

Cathay Capital wishes you a happy holiday season!

Ready for a brand new year? As 2020 draws to a close, the entire Cathay Capital team would like to express its sincere gratitude for your continuous trust and to take a quick look back at the achievements of this past year. We’ve raised over € 1.45B and invested in more than 35 new portfolio […]

Laiye Technology Launches UiBot to Enter RPA Market, Closing Series B+ with $35M

Beijing, June 27, 2019 Laiye announces that it has closed its Series B+ financing round with US$35 million led by Cathay Innovation. Existing investors, Wu Capital and Lightspeed China Partners (LCP) also participated in this round. Laiye also launched its RPA product line UiBot from its earlier merger with Awesome Technology to charge into the […]

Record fundraising for Cathay Innovation’s first fund

  Today Cathay Capital announced the closing of Cathay Innovation’s first investment vehicle for a total of $320 million. This sum constitutes a record for a first-time venture capital fund raised in Europe. The success of this fundraising can largely be explained by the unique approach proposed by Cathay Innovation and how this approach resonated […]

Cathay Innovation invests in Lechebang, to participate in the Chinese car aftermarket opportunity

  Cathy Innovation recently completed an investment in Lechebang, China’s largest mobile car maintenance and services platform that uniquely leverages 4S (“Sales, Spare parts, Service, Survey”) shop networks. This $40M series-B round of financing was led by Far East Leasing, along with Cathay Innovation and existing investors, Sequoia China, Joyson Electronics and Vertex Ventures.   […]

Cathay Capital Invests in Yimidida, Leading Logistics Platform

Cathay Capital Private Equity (“Cathay Capital”) is pleased to announce that it has completed a growth investment in Yimidida, an emerging less-than-container-load (“LCL”) logistics platform which covers 27 provinces in China with deep networks in tier three and four cities. Founded in 2015 and headquartered in Shanghai, Yimidida was formed by uniting 14 regional, leading […]

Cathay Capital Announces Its Investment in Guanghua Education

Cathay Capital has recently invested in Guanghua Education, a leading private education network providing high quality international high school curricula (A-level and AP) and bilingual K12 curricula to Chinese students. International education is the fastest growing sub-sector within the Chinese private education sector. As disposable incomes are growing in China and overseas universities are expanding […]

Aihuishou pins hopes on smaller cities for growth

Aihuishou.com, one of China’s online electronics recycling platforms, is ramping up its efforts to expand its business to smaller cities, pinning hopes on the potentially huge market, company executives said. Late last month, the Shanghai-based startup raised 400 million yuan ($57.56 million) in a series-D fundraising, attracting support from heavyweight investors such as Cathay Capital, […]

Cathay Capital invests in Aihuishou to accelerate its strategic development

Cathay Capital has agreed to invest $ 15M in Aihuishou, China’s largest electronic recycling services platform. Founded in 2011, the company focuses on used cellphones, tablets, laptops and smart digital products’ recycling and provides customers with safe and convenient services to collect their idle items. The 3C products recycling market is large (RMB 200bn in […]

Cathay Capital sells stake in Kunming Shenghuo Pharmaceutical Group

  Cathay Capital today announces it sold its stake in Kunming Shenghuo Pharmaceutical to China Resources Sanjiu Medical & Pharmaceutical Co., Ltd., a leading Chinese enterprise in OTC, listed on the Shenzhen Stock Exchange. Cathay Capital had invested in Shenghuo Pharmaceutical in June, 2014 through its Sino-French SME Fund and Cathay Capital II Fund. During […]