# National Manufacturing Transformation and Upgrading Fund

> National Manufacturing Transformation and Upgrading Fund is a VC fund backing Manufacturing. See 15 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Beijing, China
- Total investments: 15
- Last investment: Feb 2026
- Lead investor: 67%
- Last updated: Aug 2026

National Manufacturing Transformation and Upgrading Fund is a state-owned fund to promote the country's manufacturing industry.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Manufacturing | 6 | 40% |
| Robotics | 3 | 20% |
| Advanced Materials | 3 | 20% |
| Industrial | 2 | 13% |
| Electronics | 2 | 13% |

28 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Venture - Series Unknown | 4 | 27% |
| Series A | 3 | 20% |
| Seed | 2 | 13% |
| Series B | 2 | 13% |
| Series D | 2 | 13% |

6 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| China | 13 | 87% |
| United States | 1 | 7% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Chaowei New Materials | Chaowei New Materials is a technology company specializing in the manufacturing of advanced synthetic materials, dedicated to developing high-performance, sustainable, and application-driven material solutions that serve industries such as electronics, automotive, construction, and consumer goods. |  | Seed | Feb 10, 2026 |  |
| Noetix Robotics | Noetix Robotics focuses on the development and manufacturing of humanoid robots. | $42.1M | Series B | Oct 26, 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 |  |
| Ammet | Ammet is a technological innovation enterprise focusing on new energy, new material product research. |  | Series B | Mar 27, 2025 |  |
| Qina New Materials | Qina New Materials is centered on the manufacturing, exploration, and development of premium special metal materials including wire materials, catalysts, high-temperature alloy master alloys, and electrode meshes for hydrogen production. |  | Venture - Series Unknown | Jan 14, 2025 |  |
| LandSpace | LandSpace is a Chinese company engaged in the development and operation of rockets. Focusing on the small and medium-sized commercial aerospace application market, the company is committed to the development of liquid fuel rocket engines and commercial launch vehicles with independent intellectual property rights. It designs, manufactures, andtests products with highly integrated design capabilities and stand-alone innovation capabilities. The company is a member of the International Astronautical Federation (IAF) and a national high-tech enterprise. It is based in Beijing, China | $123.3M | Venture - Series Unknown | Dec 25, 2024 |  |
| Huali Juneng | Huali Juneng is a pressure vessel and related equipment producer specializing in petroleum, chemical, oil, electricity, desalination, and medical. | $110.6M | Seed | Nov 18, 2024 |  |
| Weituo Technology | Weituo Technology collects public live streaming eCommerce data to provide marketing services. The company's main products include 3D CAD, industrial Internet platforms, and digital factory suite products (MES, WMS, SCM, etc.), covering the whole life cycle of R&D design, manufacturing, and supply chain management.Weituo Technology wasfounded in 2006 and is headquartered in Beijing, China. |  | Series C | May 31, 2024 |  |
| Jerry Zhaoxin | Jerry Zhaoxin is a state-owned holding company that specializes in the development of modular power supplies and application solutions. |  | Series A | May 16, 2024 |  |
| Rokae | Luo Shi robot is a research and development, production, and application of industrial robot suppliers is committed to providing the industry with high-performance industrial robots and intelligent manufacturing solutions. | $69.1M | Venture - Series Unknown | Apr 02, 2024 |  |

10 of 15 investments shown.

## Co-investors
- [China Reform Holdings Corporation](https://shizune.co/investors/profile/chinese-reform-holdings-corporation) — VC Fund, 2 deals together
- [Aviation Development Fund](https://shizune.co/investors/profile/aviation-development-fund) — VC Fund, 1 deal together
- Beijing State-owned Assets Management Co. — VC Fund, 1 deal together
- Beijing Yuhua Fund Management — VC Fund, 1 deal together
- [Binhu State Investment](https://shizune.co/investors/profile/binhu-state-investment) — VC Fund, 1 deal together
- [Boyu Capital](https://shizune.co/investors/profile/boyu-capital) — VC Fund, 1 deal together

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- [Bossa Invest](https://shizune.co/investors/profile/bossanova-investimentos) — VC Fund
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## FAQ

### What does National Manufacturing Transformation and Upgrading Fund invest in?

National Manufacturing Transformation and Upgrading Fund invests primarily in Manufacturing, Robotics and Advanced Materials startups, most often at Venture - Series Unknown 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 National Manufacturing Transformation and Upgrading Fund last invest?

The most recent investment recorded for National Manufacturing Transformation and Upgrading Fund closed in Feb 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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