# Chengtong Mixed Reform

> Chengtong Mixed Reform is a VC fund backing Manufacturing, Energy and Electronics. See 15 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 15
- Last investment: Jan 2026
- Lead investor: 47%
- Last updated: Aug 2026

Chengtong Mixed Reform is an investment firm.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Manufacturing | 7 | 47% |
| Energy | 3 | 20% |
| Electronics | 3 | 20% |
| Biotechnology | 3 | 20% |
| Software | 2 | 13% |

24 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 6 | 40% |
| Series A | 2 | 13% |
| Venture - Series Unknown | 2 | 13% |
| Seed | 1 | 7% |
| Series C | 1 | 7% |

7 stages tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Sunrise | Sunrise is a high-performance GPU developer specializing in GPU research and development. | $430.2M | Venture - Series Unknown | Jan 22, 2026 |  |
| SIMIC Holdings | SIMIC Holdings Co., Ltd. (SIMIC Holdings) was founded in 1995. SIMIC Holdings is one of the advanced Technology Investment Companies located in Shanghai, established by Shanghai Institute of Microsystem & Information Technology and Shanghai Alliance Investment Co., Ltd. Since the establishment of the company, SIMIC Holdings keeps the idea of"Innovation and Development". By unremitting exploration and practice in the fields of Technology Venture Capital, SIMIC Holdings has established the Sci- tech Innovation Service system ranges from technology R&D to incubation and industrialization. The Innovation Service System includes R&D (Shanghai Industrial μTechnology Research Institute and Shanghai International Micro-Tech Affiliation Center)，incubation and acceleration (SIMIC Innospring Incubator), Venture Capital (SIMIC capital), Industrial Cluster (SIMIC industries). SIMIC Holdings achieves the synergetic development of innovation chain, industrial chain and Capital chain, and provides powerful impetus for the rapid development of independent and innovative enterprises which are in the fields of Hi-Tech. | $366.8M | Series B | Dec 29, 2025 |  |
| AECC Commercial Aircraft Engine | AECC offers design, development, production, assembly, testing, and technical consulting of commercial aircraft power services. |  | Series A | Jun 06, 2025 |  |
| RT-Thread | RT-Thread was born in 2006, it is an open source, neutral, and community-based real-time operating system (RTOS).RT-Thread is mainly written in C language, easy to understand and easy to port(can be quickly ported to a wide range of mainstream MCUs and module chips). It applies object-oriented programming methods to real-time system design,making the code elegant, structured, modular, and very tailorable.RT-Thread has a Standard version and Nano version. For resource-constrained microcontroller (MCU) systems, the NANO kernel version that requires only 3KB Flash and 1.2KB RAM memory resources can be tailored with easy-to-use tools; And for resource-rich IoT devices, RT-Thread can use the on-line software package management tool, together with system configuration tools, to achieve intuitive and rapid modular cutting, seamlessly import rich software packages, thus achieving complex functions like Android's graphical interface and touch sliding effects, smart voice interaction effects, and so on. |  | Venture - Series Unknown | Jul 08, 2024 |  |
| Wellari | Wellari specialized in the research, development, and manufacture of metal 3D printing powder. It helps to solve critical issues in the realm of additive manufacturing like superalloys, titanium alloys, tool steels, and aluminum alloys. | $35.4M | Series B | Dec 01, 2023 |  |
| Zhejiang Lanneng | Zhejiang Lanneng is a proficient manufacturer of gas storage and transportation equipment combining R&D, production, sales, servicing, and system integration. |  |  | Oct 31, 2023 |  |
| Kiwimoore | Kiwimoore is a provider of advanced packaging chiplet technology for its customers. The company's intelligent integrated silicon substrate can connect homogeneous or heterogeneous chiplets with more flexibility, higher performance, and smaller size, and integrate to form a new system-on-chip, bringing new value to customers such as OEMs andfabless. | $13.7M | Seed | Sep 29, 2023 |  |
| Fullcryo | Fullcryo provides solutions for helium extraction from natural gas, hydrogen liquefaction, and liquefied hydrogen storage. | $111.7M | Series C | Aug 03, 2023 |  |
| HiNa Battery | HiNa Battery is a manufacturing company that specializes in the development and manufacturing of sodium-ion batteries that are used for a new generation of energy storage in various industries. Its applications are in electric bicycles, electric motorcycles, home energy storage, industrial energy storage, and vehicles. |  | Series B | Apr 18, 2023 |  |
| PhaBuilder | PhaBuilder is a platform-based & product-based company with advanced technology in synthetic biology, focusing on the transformation and engineering application of halophilic microbes.PhaBuilder was founded in February 2021 by Professor Guoqiang Chen, director of the Center for Synthesis and Systems Biology at Tsinghua University. It mainlyuses the cutting-edge "Next Generation Industrial Biotechnology(NGIB)" to develop and produce a variety of high-value-added products such as PHA - a biodegradable material, ectoine - a pharmaceutical intermediate, and cadaverine - a Nylon 56 precursor. PhaBuilder currently has two PHA plants under construction - the synthetic biology intelligent development plant in Beijing China-Germany Industrial Park and the 10 kt/annum plant in Yichang, Hubei Province. It also plans to build up 3-5 large-scale production bases throughout China within five years. At present, PhaBuilder has completed two rounds of financing, raising around 300 million yuan in total. The investors include Sequoia Capital, China State-owned Enterprise Mixed Ownership Reform Fund, and GRC SinoGreen Fund, etc. In the future, PhaBuilder will constantly promote synthetic biotechnology to deeply integrate with people's lives and upgrade the intelligent biological manufacturing industry, in order to achieve PhaBuilder's core mission of "Using microbes to change the world and build a green future". | $53.3M | Series A | Feb 02, 2023 |  |

10 of 15 investments shown.

## Co-investors
- China State-owned Enterprise Mixed Ownership Reform Fund — VC Fund, 3 deals together
- [National Green Development Fund](https://shizune.co/investors/profile/national-green-development-fund) — VC Fund, 3 deals together
- [CCB Equity](https://shizune.co/investors/profile/ccb-equity) — VC Fund, 2 deals together
- [China Cinda Asset Management](https://shizune.co/investors/profile/china-cinda-asset-management) — VC Fund, 2 deals together
- [Guangzhou Yuexiu Industrial Investment Fund](https://shizune.co/investors/profile/guangzhou-yuexiu-industrial-investment-fund) — VC Fund, 2 deals together
- [HSG](https://shizune.co/investors/profile/hsg-cap) — VC Fund, 2 deals together

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## FAQ

### What does Chengtong Mixed Reform invest in?

Chengtong Mixed Reform invests primarily in Manufacturing, Energy and Electronics startups, most often at Series B and Series A stage. Most of the 15 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Chengtong Mixed Reform last invest?

The most recent investment recorded for Chengtong Mixed Reform closed in Jan 2026. Shizune tracks 15 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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