Investment Partner
China Connection Capital
China Capital Investment Co., Ltd. (hereinafter “CCC”) was established in 2014 and is headquartered in Shanghai, China. The company is committed to promoting clean energy development and transforming the energy structure, with a mission to support global carbon neutrality. CCC focuses on investments in the new energy sector globally.
With a strong emphasis on building a global new energy ecosystem, CCC operates across multiple regions, including Shanghai, Beijing, Hong Kong (China), Germany, Sweden, Poland, the United Kingdom, Spain, Italy, and several countries in Africa, covering its headquarters, business segments, and various projects.
CCC manages 17 funds with assets under management exceeding RMB 3 billion. Leveraging its strong industry network and deep research capabilities, the company continues to identify investment opportunities in the carbon neutrality space and shares high capital returns with its partners, driven by the development of both the Chinese and global economies.
All seven active funds for more than two years have fully recovered their principal and delivered excess returns, with an average DPI of 1.94 and TVPI of 1.98. The firm has completed 10 IPOs or M&A exits, with five additional projects currently in the IPO pipeline.
Reference Case
Breton
The company, founded in 2016, is a high-tech enterprise covering fields such as pure electric heavy trucks, construction machinery, autonomous driving, and renewable energy. It is committed to providing one-stop green innovative solutions for scenario-based pure electric equipment. By the end of 2022, the company completed its C+ financing round with a post-money valuation of ¥5.1 billion. An IPO prospectus has been submitted, with plans to list on the HKSE in Q1 2025.
Fusion (IPO No. 688503)
The company went public in December 2022 and focused on the R&D, production, and sales of new electronic pastes, including battery silver paste and front-side silver paste for polycrystalline silicon batteries. It currently holds the leading market share in photovoltaic front-side silver paste.
Laplace
The company, founded in 2016, aims to be a high-end equipment provider in the semiconductor and photovoltaic sectors. It currently holds 380 IP rights and has a leading market share for specific equipment in new photovoltaic cell technologies in China. The company plans to list on the A-share market in November 2024.
Seyong
The company, founded in 2016, is dedicated to the exploration and innovation of lidar technology. Its automotive-grade mass-produced lidar, Falcon, has been delivered as standard equipment for NIO. In 2022, the company achieved global leadership, winning both sales and revenue championships in the automotive lidar market.
T-Sun (IPO No. 838547)
The company, established in 2013, primarily sells battery backside silver paste and aluminium paste. It has also developed a technology reserve for HJT low-temperature silver paste.
YPfun
The company is a technology company focused on "full media integration + multi-scenario expansion," aiming to build a new marketing platform based on an "Internet + cross-scenario ecosystem." Its business scope includes media advertising, digital distribution, and scenario-based marketing.