# CRRC

> CRRC is a VC fund in Haidian backing Manufacturing and Semiconductor. See 30 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Haidian, China
- Total investments: 30
- Last investment: Mar 2026
- Lead investor: 30%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/rail-international/
- X (Twitter): https://twitter.com/crrc_global
- Website: http://www.crrcgc.cc/en
- Facebook: https://www.facebook.com/CRRCGC/

CRRC is a VC fund in Haidian focused on Manufacturing and Semiconductor. CRRC Corporation Limited (China Railway Rolling Stock Corporation) is a Chinese state-owned rolling stock manufacturer. It was formed on 1 June 2015 with the merger of China CNR Corporation and CSR Corporation Limited. CRRC has its headquarters in Beijing.

## Contacts

5 contacts available for CRRC. Shizune tracks 5 team members at CRRC. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/crrc-b241?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $1.5M–$283M |
| Series B | $29M–$141M |
| Venture - Series Unknown | $42M–$59M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Manufacturing | 16 | 53% |
| Semiconductor | 7 | 23% |
| Automotive | 5 | 17% |
| Electronics | 4 | 13% |
| Software | 3 | 10% |

35 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 10 | 33% |
| Venture - Series Unknown | 6 | 20% |
| Series B | 4 | 13% |
| Series C | 4 | 13% |
| Series D | 3 | 10% |

8 stages tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Hualong Liu | Chairman, Executive Director, and Party Secretary | 0 | https://shizune.co/investors/profile/hualong-liu |
| Wan Jun | Chairman of the Board of Supervisors and the Deputy Party Secretary | 0 | https://shizune.co/investors/profile/wan-jun-73d4 |
| Yanjing Zhan | Senior Accountant and a Senior Economist | 0 | https://shizune.co/investors/profile/yanjing-zhan |
| Yongcai Sun | Executive Director, the President, and Vice Party Secretary | 0 | https://shizune.co/investors/profile/yongcai-sun |
| Ma Ying | Chief of International Cooperation Division, Investment & Development Dept. | 0 | https://shizune.co/investors/profile/ma-ying-b6f9 |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Zhongke Guosheng | Zhongke Guosheng focuses on the research and development and manufacturing of light gas turbines. | $29M | Series B | Mar 20, 2026 |  |
| Kunlunyuan | Kunlunyuan offers full-stack technology services for AI big models. It is involved in the research and development of technologies such as native fundamental big models, multimodal big models, AI operating systems. | $4.3M | Angel | Dec 29, 2025 |  |
| Shangji Semiconductor | Shangji Semiconductor manufactures semiconductor equipment for microelectromechanical and integrated circuit industries. | $42.4M | Venture - Series Unknown | Dec 04, 2025 |  |
| Hydrogen Core Power | Hydrogen Power is a company specializing in the manufacturing and distribution of batteries, as well as the production and sales of gas and liquid separation and purification equipment. |  | Series A | Sep 10, 2025 |  |
| SIRUI | SIRUI is an intelligent technology company oriented to key core technologies such as "semiconductor equipment" and "new display". |  | Venture - Series Unknown | May 30, 2024 |  |
| Atekon | Aotuo Technology is a company dedicated to independent research, development, and production of cutting-edge industrial control products with dependable performance, high quality, and sophisticated technology. |  | Venture - Series Unknown | Apr 02, 2024 |  |
| Huaqing Electronic Material Technology | Huaqing Electronics specializes in the research and development, production and sales of high thermal conductivity aluminum nitride ceramic substrates and electronic ceramic components. Products are mainly used in high-tech fields such as 5G communications, LED packaging, power modules, image sensing, automotive electronics, aerospace and militaryindustries. , Are sold to many regions at home and abroad, and are in a leading position in the industry segmentation field. |  | Series D | Mar 11, 2024 |  |
| Hikvision Zhilian | Hikvision Zhilian focus on next generation of traffic information infrastructure serving future autonomous driving and intelligent transportation, and provides vehicles for governments and operating units. Road coordination intelligent transportation products, technologies, overall solutions and information services. |  | Series A | Jun 09, 2023 |  |
| Xinhua Semiconductor | Xinhua Semiconductor is a developer and manufacturer of electronic-grade polysilicon used in the fabrication of semiconductors. | $140.7M | Series B | Jun 05, 2023 |  |
| Jingkong Energy | Jingkong Energy is an energy system research and development platform. They offer services for the development of smart power supply, electric power and energy storage, and fuel cell fields. |  | Series C | Feb 28, 2023 |  |

10 of 30 investments shown.

## Co-investors
- [V Fund Management](https://shizune.co/investors/profile/china-v-fund-management) — VC Fund, 3 deals together
- [CICC](https://shizune.co/investors/profile/cicc) — VC Fund, 3 deals together
- [Shenzhen Capital Group](https://shizune.co/investors/profile/shenzhen-capital-group) — VC Fund, 3 deals together
- [China Merchants Venture Capital](https://shizune.co/investors/profile/china-merchants-capital) — VC Fund, 2 deals together
- [Potential Capital](https://shizune.co/investors/profile/potential-capital) — VC Fund, 2 deals together
- [Wen Capital Advisory Group](https://shizune.co/investors/profile/wen-capital-advisory-group) — VC Fund, 2 deals together

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## FAQ

### What does CRRC invest in?

CRRC invests primarily in Manufacturing, Semiconductor and Automotive startups, most often at Series A and Venture - Series Unknown stage. Most of the 30 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is CRRC's check size?

CRRC typically joins rounds of $1.5M–$283M at Series A, $29M–$141M at Series B and $42M–$59M at Venture - Series Unknown. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds CRRC participates in.

### How do I contact CRRC?

Public channels for CRRC include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at CRRC?

The team at CRRC includes Hualong Liu (Chairman, Executive Director, and Party Secretary), Wan Jun (Chairman of the Board of Supervisors and the Deputy Party Secretary) and Yanjing Zhan (Senior Accountant and a Senior Economist). The Team section lists each member with their title, investment count and links.

### 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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