Puhua Capital

Puhua Capital is an equity investment firm based in Hangzhou, China, founded in 2004. The firm specializes in venture capital, focusing on early to middle-stage projects within the internet, health, and technology sectors. Puhua Capital not only invests funds but also provides crucial resources and management expertise to the enterprises it supports. With a portfolio that includes nearly 300 promising start-ups, Puhua Capital aims to foster innovation and growth in its targeted industries.

Lu Jianliang

Vice President

Shen Qinhua

Founder and Managing Partner

Wang Hongwen

Managing Director

Zhou Mi

Managing Partner

Zhu Baolin

Vice President

Past deals in Autonomous Vehicles

Multiway Robotics

Series B in 2025
Multiway Robotics specializes in intelligent intralogistics solutions, focusing on autonomous guided vehicles (AGVs) and automated forklifts. Its customer base spans various industries including machinery manufacturing, food and beverages, metallurgical materials, chemical energy, automobile manufacturing, and cold chain logistics.

LuMing Robotics

Angel Round in 2025
LuMing Robotics is a developer of intelligent robots. LuMing Robotics focuses on the field of embodied intelligent robots, and its business covers intelligent robot R&D and sales, artificial intelligence algorithm development, etc.

Yifei Aviation

Seed Round in 2025
Yifei Aviation manufactures intelligent unmanned aerial vehicles (UAVs). Its primary business scope includes intelligent unmanned aerial vehicle manufacture, sales, and other services.

Bibost Automotive Electronics

Series B in 2025
Bebest Automotive Electronics specializes in the production and research of advanced automotive electronic products. The company focuses on developing intelligent chassis core components and chassis domain controllers, which are essential for modern vehicle systems. Additionally, Bebest offers technical services related to autonomous driving, as well as electronic mechanical brake systems and steering-by-wire systems. By providing high-quality solutions for chassis-by-wire technology, Bebest aims to meet the growing demands of the global automotive market.

Teemo

Seed Round in 2025
Teemo is an industry-leading provider of intelligent skateboard chassis and low- and medium-speed unmanned driving solutions.

Dragonfly Wings

Seed Round in 2024
Dragonfly Wings is an eVTOL tilt-wing company that specializes in the development of R&D, production and sales of tiltrotor eVTOL.

Minieye

Series E in 2023
Minieye develops advanced driver-assistance systems (ADAS) for safer driving. Its core product is a vehicle visual sensing system that detects free space and various traffic objects, enhancing driver awareness. Additionally, Minieye's in-cabin sensing technology monitors passenger and driver conditions to improve safety and automation levels.

Boundary Intelligent Control

Seed Round in 2023
Boundary Intelligent is specialized in creating airborne systems, such as flight control systems, that satisfy the needs of civil aircraft, as well as enhancing the ecology of the civil aviation industry and constructing aircraft perception, navigation, decision-making, and planning capabilities.

Geometrical-Pal

Seed Round in 2021
Geometrical-PAL is a Chinese company focused on advancing autonomous driving technology. It develops both hardware and software products for Advanced Driver Assistance Systems (ADAS) solutions. The company specializes in creating imaging radars, sensors, and ADAS technologies, aiming to provide safe and effective solutions that facilitate the development of autonomous and connected vehicles.

Pony.ai

Series A in 2018
Founded in 2016, Pony.ai develops artificial intelligence software for autonomous mobility deployment, focusing on manufacturing automated vehicles and offering public-facing Robotaxi services. The company operates fully driverless robotaxis through the PonyPilot mobile app in major Chinese cities.

Minieye

Series A in 2018
Minieye develops advanced driver-assistance systems (ADAS) for safer driving. Its core product is a vehicle visual sensing system that detects free space and various traffic objects, enhancing driver awareness. Additionally, Minieye's in-cabin sensing technology monitors passenger and driver conditions to improve safety and automation levels.
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