Cowin Capital

Cowin Capital, established in 2000, is a Shenzhen-based private equity firm specializing in early-stage investments. With 18 years of experience, it focuses on supporting the growth of small and medium enterprises, primarily in the energy, communication, electronics, and environmental protection sectors. Cowin Capital takes a long-term approach, aiming to create value through strategic partnerships and operational support. It has successfully invested in over 300 companies, with 60 becoming publicly listed and 150 achieving successful exits. Notably, Cowin Capital was one of the first venture capital institutions to be listed on the New Third Board (NEEQ) in China.

Ding Baoyu

Managing Director, Partner

Li Chao

Partner

Kai Chen

Partner

David Ding

Managing Partner

Dong Dongdong

Partner

Wang Jing

Partner

Huang Li

Founding Partner and CEO

Peng Qian

Partner

Zhongcheng Tang

Managing Partner

Zheng Weihe

Chairman, Founding Partner

Cai Weiliang

Partner

Yanbin Xi

Partner

Yang Xiaomin

Managing Director

Duan Yao

Partner

Tong Zaiping

Partner

Wenjun Zhang

Partner

Zhang Yiwei

Partner

Peng Zhang

Partner

Alex Zheng

Founding Partner and Board Chairman

Tang Zhongchen

Managing Director, Cowin Partner

Wang Peng

Investor

Shu Qing

Partner

Past deals in Robotics

Quanzhi Technology

Seed Round in 2025
Quanzhi Technology is a company that specializes in the development and manufacturing of industrial robots, providing advanced automation solutions for various industries

Wolei Technologies

Funding Round in 2025
Wolei Technologies specializes in the development of advanced automotive-level power semiconductor modules, intelligent driving core systems, and automotive electronic control solutions. The company offers a range of comprehensive intelligent solutions, including both software systems and hardware equipment designed for automation and intelligent measurement. Wolei Technologies focuses on delivering high-quality products to support various sectors such as electronic control, autonomous driving, new energy power systems, chassis safety, and rail transit. Recognized for its leadership in production, sales, and market share, the company operates as a provincial business technology center and high-tech R&D center, contributing significantly to the advancement of discrete manufacturing industries.

Snapmaker

Series B in 2025
Snapmaker Inc. is a company that specializes in providing an integrated platform for creative production through 3D printing, laser engraving, and CNC carving. Founded in 2016 and based in China, Snapmaker offers a modular 3D printer that can transform into a CNC machine or laser cutter, accommodating various creative tasks such as engraving and carving. The all-metal 3D printers are designed for ease of use, making them accessible to beginners while being expandable for more experienced makers. This versatility enables users to engage in affordable and convenient 3D printing, fostering a creative environment for individuals looking to bring their ideas to life.

Digital China

Angel Round in 2025
Digital China is a robotics company focused on developing humanoid interactive robots that can break traditional boundaries and create emotionally resonated partners.

Zhongke Fifth Era

Seed Round in 2025
Zhongke Fifth Era focuses on new technology that builds a material foundation for embodied worlds and multimodal end-to-end large models, as well as intelligent robots.

Damo Intelligent Control

Series A in 2025
Damo Intelligent Control is a national specialized "little giant" enterprise and a national high-tech enterprise focusing on the research and development, production, sales, and service integration of drone cluster automation performance systems. It is the world's leading supplier of drone cluster automation performance systems.

Hengtuogao

Series B in 2024
Hitop Pneumatic Machinery specializes in the development, production, and distribution of pneumatic and electric actuators, grippers, and a wide range of components suitable for industrial automation. The company focuses on providing solutions that enhance efficiency and productivity in various industrial settings. With a commitment to innovation and quality, Hitop offers products designed to meet the diverse needs of its customers. The company's portfolio includes a comprehensive selection of automation machinery that caters to different sectors, ensuring that clients have access to the tools necessary for optimizing their operations.

Changyao Innovation

Seed Round in 2024
Changyao Innovation is a cutting-edge technological company. It provides intelligent robots to families. The current first-generation devices emphasize automating the entire grass management process. The main focus is on robotic lawnmowers with a vision-based full process.

Hohem

Series B in 2024
Hohem is a camera gimbal developer specialized in the research, development, and design of drone flight control and image stabilization systems. Its key products are automatic face tracking shooting stabilizer, Bat vision positioning multi-rotor flight control system, Bfly multi-rotor flight control system, and Bee cross-country multi-rotor flight control system.

Pavepal

Seed Round in 2024
Paitner is an intelligent construction robot developer focuses on construction robot research and is dedicated to offering Chinese robot solutions for the world's dangerous, dirty, and labor-scarce construction industry.

Qingchuan Intelligent Technology

Series A in 2024
Qingchuan Intelligent Technology is a high-tech enterprise that develops and manufactures robot servo drives, motors, and control products. It specializes in the research, development, and production of these components, catering to advanced robotics and intelligent equipment applications. The company offers a range of solutions, including servo drives, servo motors, robotic control systems, integrated mechanisms, and smart equipment, tailored to diverse customer needs.

AVIC Robot

Series B in 2023
AVIC Robot is a Chinese company founded in 2017 and headquartered in Xi'an, specializing in the development of artificial intelligence and various types of robots. The company focuses on manufacturing rehabilitation medical robots, service robots, and military robots, aiming to deliver advanced robotic solutions to its users at competitive prices. Through its innovation in robotics, AVIC Robot addresses diverse needs in both medical and military sectors, contributing to advancements in technology and automation in China.

Wonsor

Venture Round in 2023
Wonsor is a developer and manufacturer specializing in automatic precision detection technology, offering a range of professional detection solutions and chip-based products. The company leverages advanced technologies, including precision optical technology, embedded systems, image processing, and artificial intelligence, to create smart sensor products. Its product lineup includes displacement sensors, 3D sensors, and laser radar, aimed at providing industrial users with high-quality detection solutions tailored to their needs.

XiRobot

Series B in 2023
XiRobot is a high-tech firm that operates in the design, development, and manufacture of intelligent automation equipment for welding and cutting. It is dedicated to addressing the pressing demand for intelligent welding and cutting robots in the manufacturing sector and enhancing the competitiveness of the manufacturing sector in the nation.

Tongyu Automotive

Series A in 2022
Tongyu Automotive is a developer of intelligent driving systems focused on the emerging autonomous driving industry. The company specializes in the research and development of next-generation control-by-wire technologies, which are essential for intelligent and electrified vehicles. Its product offerings include brake-by-wire systems, steering-by-wire systems, braking energy recovery systems, and advanced driver assistance systems. Through its innovative solutions, Tongyu Automotive aims to meet the evolving demands of modern automotive technology, contributing to the advancement of vehicle intelligence and electrification.

AlpsenTek

Series A in 2022
AlpsenTek is a high-tech company specializing in the research and development of machine vision sensors and algorithms. It has created advanced machine vision imagers featuring innovative pixel structures, alongside comprehensive solutions that encompass modules, algorithms, and systems. Drawing on its team's extensive expertise in vision sensors, system-on-chip technology, and imaging signal processing, AlpsenTek aims to enhance the machine vision ecosystem. The company's technology includes hybrid biomimetic vision chips and integrated solutions, which are applicable in diverse fields such as robotics, autonomous driving, consumer electronics, surveillance, and industrial monitoring. By providing dynamic light sensing capabilities and biomimetic functions, AlpsenTek addresses the evolving needs of various industries, positioning itself as a key player in the machine vision market.

QYSEA

Series B in 2022
Qysea specializes in the development of underwater robots and drones aimed at enhancing ocean exploration. The company creates unmanned underwater vehicles (UUVs) and related technologies designed for both recreational and industrial use, catering to film and sports enthusiasts as well as professionals. By utilizing innovative technology, Qysea aims to improve public understanding of the underwater world and its ecosystems. Additionally, the company is committed to building a marine content social platform that leverages virtual reality, live video, and interactive community features, allowing users to share their underwater experiences. With a focus on advancing key technologies and maintaining proprietary algorithms, Qysea supports the exploration and protection of ocean environments, ultimately inspiring a broader appreciation for the beauty and importance of marine life.

Sineva

Private Equity Round in 2021
Hefei Sineva Intelligent Machine Co., Ltd., established in 2013 and located in Hefei, China, specializes in the research, development, manufacturing, and sales of transfer, test, and service robots. The company operates under the umbrella of Zhejiang Qianjiang Biochemical Co., Ltd. Sineva focuses on providing AI-based machine vision solutions and advanced materials that cater to semiconductor production and drug development. Its business encompasses four main areas: intelligent manufacturing machinery, advanced materials, artificial intelligence, and aircraft. By addressing critical technical gaps in the domestic pan-semiconductor industrial robot sector, Sineva positions itself as a key player in the evolving landscape of intelligent manufacturing.

FABU.ai

Series B in 2021
Fabu Technology Limited, founded in 2017 and based in Hangzhou, China, specializes in providing software and hardware solutions for autonomous driving and related technologies. The company develops advanced systems that include autonomous driving solutions for cargo trucks, ranging from levels 2 to 4, as well as advanced driver assistance systems designed to enhance safety and efficiency in vehicles with significant blind spots. Fabu's technology leverages machine learning, computer vision, and robotics to support unmanned horizontal transportation systems in automated terminals. By integrating artificial intelligence, Fabu aims to streamline operations in the logistics and shipping industries, improving scheduling efficiency, reducing labor costs, and decreasing turnaround times in port operations.

Leadinno Medical Valley

Seed Round in 2021
Leadinno Medical Valley is a company that specializes in the production of medical devices aimed at neuroregulatory functions. It develops implantable neuroelectric stimulation products intended to treat various neurological functional diseases. The company emphasizes the use of innovative technologies to create wireless energy-carrying devices, which are designed to enhance patient comfort while simultaneously lowering treatment costs. By focusing on these advancements, Leadinno Medical Valley aims to improve the quality of care for individuals with neurological conditions.

Kossi

Series A in 2021
Kesi Intelligent is a company that specializes in motion controller systems and offers servo drive application services. It products include servo drives, servo motors, industrial controllers, robots, human machine interfaces, linear motors.

ANNGIC (Shenzhen Anzhijie Technology Co.)

Series A in 2019
ANNGIC (Shenzhen Anzhijie Technology Co., Ltd.) is a high-tech company focusing on millimeter-wave radar sensors and focusing on smart applications of sensors. As one of the earliest companies in China to have the core R&D technology, complete design capability and experience data of millimeter wave radar sensors, An Zhijie has independently developed leading 24 GHZ and 77 GHz millimeter wave radar sensors and obtained many technical patents. Certification.

Snapmaker

Seed Round in 2019
Snapmaker Inc. is a company that specializes in providing an integrated platform for creative production through 3D printing, laser engraving, and CNC carving. Founded in 2016 and based in China, Snapmaker offers a modular 3D printer that can transform into a CNC machine or laser cutter, accommodating various creative tasks such as engraving and carving. The all-metal 3D printers are designed for ease of use, making them accessible to beginners while being expandable for more experienced makers. This versatility enables users to engage in affordable and convenient 3D printing, fostering a creative environment for individuals looking to bring their ideas to life.

Wolei Technologies

Post in 2018
Wolei Technologies specializes in the development of advanced automotive-level power semiconductor modules, intelligent driving core systems, and automotive electronic control solutions. The company offers a range of comprehensive intelligent solutions, including both software systems and hardware equipment designed for automation and intelligent measurement. Wolei Technologies focuses on delivering high-quality products to support various sectors such as electronic control, autonomous driving, new energy power systems, chassis safety, and rail transit. Recognized for its leadership in production, sales, and market share, the company operates as a provincial business technology center and high-tech R&D center, contributing significantly to the advancement of discrete manufacturing industries.

Candela

Angel Round in 2017
Candela is a robotic hardware and software design company. The company focuses on magnetic suspension technology and autopilot technology. It provides terminal intelligent 3D distribution solutions from the outdoor to the indoor and realizes full process automation solutions for the last mile of distribution in CBD, technology parks, corporate headquarters, universities, and communities. Candela's unmanned logistics vehicles, building robots, and hotel service robots are used to provide a complete set of solutions to cover multiple links systematically, help the industry reduce costs, increase efficiency, and release manpower.

LAUNCH

Post in 2016
LAUNCH is a technology that uses intelligent technology to activate industry engines, drive industry transformation and upgrading, and promote social security development. It is an intelligent inspection robot, an intelligent infrared thermal imaging product, and a solutions provider.

Vintage

Angel Round in 2014
Yuntaiji Technology is an enterprise specializing on the field of intelligent machine vision, and an AI technology research and development center. They provide a complete set of services for industrial robots and intelligent hardware development and manufacturing.

Guangzhou Jingyuan Mechano-Electric Equipment

Series A in 2012
Guangzhou Jingyuan Mechano-Electric Equipment is a manufacturer specializing in industrial robots, automated logistics systems, and intelligent equipment systems. The company aims to transform the industrial sector in China by providing innovative solutions that enhance operational efficiency in both industrial and logistics applications. Through its advanced products, Guangzhou Jingyuan enables clients to optimize their business operations, resulting in significant time and cost savings.
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