Hillhouse Investment Group

Hillhouse Investment Group, established in 2005 and headquartered in Hong Kong, is a prominent global investment management firm that focuses on private equity. The firm engages in long-term investments across various sectors, including healthcare, business services, consumer goods, industrials, and energy transition. Hillhouse partners with exceptional entrepreneurs to foster sustainable value creation within quality companies. In addition to private equity, the firm also participates in public equity, real estate, and private credit, managing capital on behalf of global institutions such as non-profit foundations, endowments, and pension funds.

Huang Liming

Partner

David Rhee

Partner

Michael Yi

Partner

Sean Carney

Partner and Co-Head of Global Buyout

Past deals in Consumer Electronics

Tenways

Series B in 2023
Tenways EBike is a manufacturer and seller of eBikes and cycles that are affordable, easy to use, and eco-friendly.

Xingmai Innovation

Angel Round in 2023
Xingmai Innovation creates, develops, and sells intelligent swimming pool cleaning robots.

Jinjiang Electronics

Series B in 2022
Jinjiang Electronics is a med-tech company specializing in the research, development, and manufacturing of medical equipment focused on cardiac electrophysiology. The company offers a range of products designed to enhance patient care and improve quality of life for those with heart conditions. Its product lineup includes a 3D cardiac mapping system, electrophysiology recording systems, cardiac RF ablation generators, and irrigation pumps. These offerings provide comprehensive solutions aimed at diagnosing and treating arrhythmias, addressing critical needs in the field of cardiology.

evowera

Series A in 2022
Evowera is a company specializing in the research and development as well as the production of personal consumer electronics, with a particular emphasis on innovative dental care products. The company manufactures adaptive sonic electric toothbrushes designed to enhance dental health and improve personal care routines. By focusing on advanced technology and seamless customer service, Evowera aims to contribute significantly to the personal care industry while promoting better oral hygiene practices among consumers.

Rotex Tech

Series A in 2022
Rotex Tech is a technology company specializing in electronic tattoos that cater to healthcare, fitness, and human-computer interaction (HCI). The company develops bioelectric flexible sensor technology, creating ultra-thin and flexible electronic tattoos that adhere to skin and other soft surfaces. This innovative technology enhances the functionality of medical wearables and therapeutic products, offering improved monitoring and data collection capabilities for users.

Jinjiang Electronics

Series A in 2021
Jinjiang Electronics is a med-tech company specializing in the research, development, and manufacturing of medical equipment focused on cardiac electrophysiology. The company offers a range of products designed to enhance patient care and improve quality of life for those with heart conditions. Its product lineup includes a 3D cardiac mapping system, electrophysiology recording systems, cardiac RF ablation generators, and irrigation pumps. These offerings provide comprehensive solutions aimed at diagnosing and treating arrhythmias, addressing critical needs in the field of cardiology.

RiVAI

Series A in 2021
RiVAI Technologies specializes in the development of advanced RISC-V based CPUs and customized System-on-Chip (SoC) designs. The company focuses on delivering high-performance computing solutions for diverse applications, ranging from edge computing to data centers. Additionally, RiVAI develops artificial intelligence chips tailored for Internet of Things (IoT) applications, catering to various sectors such as wearable technology, smart homes, security systems, agriculture, and consumer electronics. By offering low-power yet high-performance core processor chips, RiVAI enables its clients to meet the growing demands of modern computing environments.

VanMoof

Series C in 2021
VanMoof is a designer and developer of urban e-bikes, aimed at providing a convenient commuting solution for modern city-dwellers. Founded in 2008 and headquartered in Amsterdam, the company focuses on enabling users to travel efficiently and stylishly. VanMoof's e-bikes are equipped with advanced features such as antitheft systems, intelligent motors, and automatic electronic gear shifting, which enhance the commuting experience and promote sustainable transportation. By integrating technology into their designs, VanMoof aims to help users navigate urban environments more effectively.

Philips Domestic Appliances and Personal Care

Acquisition in 2021
Philips DAP manufactures and markets kitchen appliances, irons and vacuum cleaners to shavers, electric toothbrushes, beauty-care products, home health, and fitness products. It enjoys the number one global position in electric shavers with Philishave and Norelco, and also has the number one brand in steam irons. With the acquisition of Optiva, Philips DAP builds on its existing position in dental care products under the Sensiflex range, becoming the number two global player.

Energy Monster

Series D in 2021
Energy Monster is a power bank rental service operating under Shanghai Zhi Technology, designed to offer users convenient mobile device charging solutions. The company enables customers to rent power banks easily by scanning QR codes, allowing them to maintain connectivity without interruptions. With a presence in 100 cities and partnerships with approximately 100,000 merchants, Energy Monster has established an extensive network of points of interest, including entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces. Users can rent power banks through mini-programs and return them at various locations, providing a flexible and accessible charging option.

Grand Voyage Holdings

Series B in 2020
Grand Voyage Holdings is a lighting device producer and retailer. They serve traditional light source lamps and LED lamps with analog or digital control products. They focus on improving the livability and effectiveness of indoor and outdoor environments.

Narwal Robotics

Series C in 2020
Narwal Robotics, officially known as Yunjing (Narwal) Intelligence Technology (Dongguan) Co., Ltd., specializes in the design, development, and production of intelligent cleaning robots. Founded in 2016 and headquartered in Dongguan, China, with an additional office in Shenzhen, the company targets the high-end consumer market. Its flagship product, the Narwal T10, is a self-cleaning robot designed for automated mopping and floor cleaning, utilizing advanced navigation positioning, map construction, and structural design. This technology allows for efficient unmanned cleaning services, providing consumers with convenience and effective cleaning solutions.

ASR Microelectronics

Series D in 2020
ASR Microelectronics (Shanghai) Co., Ltd. specializes in the research, development, and manufacturing of semiconductors for mobile intelligent communication terminals and consumer electronics. Founded in 2015 and headquartered in Shanghai Zhangjiang Hi-Tech Park, the company produces a range of products including smartphones, modems, and integrated system-on-chip (SoC) solutions. ASR's offerings support various communication standards, including 2G, 3G, and 4G technologies, and encompass applications in the Internet of Things and navigation systems. The company has established a dedicated research and development team in both the United States and South Korea, focusing on platform development and technical support. In 2017, ASR expanded its capabilities through the acquisition of Marvell's Mobile Business Unit, enhancing its position in the market as a leading baseband provider in China. Major investors include several venture capital firms, highlighting ASR's strong financial backing and commitment to technological innovation in wireless communication chips.

Energy Monster

Series C in 2019
Energy Monster is a power bank rental service operating under Shanghai Zhi Technology, designed to offer users convenient mobile device charging solutions. The company enables customers to rent power banks easily by scanning QR codes, allowing them to maintain connectivity without interruptions. With a presence in 100 cities and partnerships with approximately 100,000 merchants, Energy Monster has established an extensive network of points of interest, including entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces. Users can rent power banks through mini-programs and return them at various locations, providing a flexible and accessible charging option.

Gree Electric Appliances

Post in 2019
Gree Electric Appliances, Inc. of Zhuhai is a leading manufacturer of household appliances and industrial equipment, primarily known for its extensive range of air conditioning products. Established in 1989 and headquartered in Zhuhai, China, the company offers a diverse portfolio that includes residential and commercial air conditioners, air-to-water heat pumps, and various home appliances such as electric fans, heaters, water purifiers, and multi-cookers. Gree has evolved into a technologically advanced industrial production group, focusing on both domestic consumer goods and industrial equipment. The company generates a significant portion of its sales within China, with air conditioning systems accounting for a major share of its revenue. Additionally, Gree has expanded into sectors such as industrial components, photovoltaic equipment, and new energy vehicles, underscoring its commitment to innovation and diversification in the appliance industry.

Energy Monster

Series C in 2019
Energy Monster is a power bank rental service operating under Shanghai Zhi Technology, designed to offer users convenient mobile device charging solutions. The company enables customers to rent power banks easily by scanning QR codes, allowing them to maintain connectivity without interruptions. With a presence in 100 cities and partnerships with approximately 100,000 merchants, Energy Monster has established an extensive network of points of interest, including entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces. Users can rent power banks through mini-programs and return them at various locations, providing a flexible and accessible charging option.

Energy Monster

Series B in 2017
Energy Monster is a power bank rental service operating under Shanghai Zhi Technology, designed to offer users convenient mobile device charging solutions. The company enables customers to rent power banks easily by scanning QR codes, allowing them to maintain connectivity without interruptions. With a presence in 100 cities and partnerships with approximately 100,000 merchants, Energy Monster has established an extensive network of points of interest, including entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces. Users can rent power banks through mini-programs and return them at various locations, providing a flexible and accessible charging option.

Energy Monster

Series A in 2017
Energy Monster is a power bank rental service operating under Shanghai Zhi Technology, designed to offer users convenient mobile device charging solutions. The company enables customers to rent power banks easily by scanning QR codes, allowing them to maintain connectivity without interruptions. With a presence in 100 cities and partnerships with approximately 100,000 merchants, Energy Monster has established an extensive network of points of interest, including entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces. Users can rent power banks through mini-programs and return them at various locations, providing a flexible and accessible charging option.
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