# National Green Development Fund

> National Green Development Fund is a VC fund backing Energy and Manufacturing. See 16 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 16
- Last investment: Dec 2025
- Lead investor: 31%
- Last updated: Aug 2026

National Green Development Fund is a VC fund focused on Energy and Manufacturing. National Green Development Fund is jointly established by the Ministry of Ecology and the Ministry of Finance.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Energy | 5 | 31% |
| Manufacturing | 4 | 25% |
| Battery | 3 | 19% |
| Automotive | 3 | 19% |
| Fuel | 2 | 13% |

22 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 6 | 38% |
| Series A | 4 | 25% |
| Seed | 2 | 13% |
| Series D | 1 | 6% |
| Funding Round | 1 | 6% |

7 stages tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| 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 |  |
| China Fusion Energy | China Fusion Energy is a company that was established to foster the industrialization of fusion energy and pool national resources. | $1.6B |  | Jul 22, 2025 |  |
| Yangtze River Ruikemei | "Changjiang Ruikemei is a company that specializes in the recycling and disposal of waste power batteries, offering comprehensive services for the collection, dismantling, and environmentally responsible processing of used batteries, particularly those from electric vehicles and other energy storage applications |  | Seed | Apr 28, 2025 |  |
| ICT Developer | ICT Developer is a domestic green and sustainable fuel company. |  | Series A | Dec 30, 2024 |  |
| XCMG Automobile | XCMG Auto is one of the core pillar industries supporting the internationalization of XCMG Group and the world-class "Mount Everest Summit" strategic development. |  | Private Equity | Dec 09, 2024 |  |
| Carbon Language New Materials | Carbon Language New Materials focuses on the study and development of metal organic frameworks (MOFs) and self-emulsifying polymer microspheres for lithium battery separator coating. |  | Seed | Sep 03, 2024 |  |
| MS Energy | MS Energy is a technology-driven enterprise that specializes in providing green energy solutions. |  | Series D | Feb 18, 2024 |  |
| Qiyuan Core Power Technology | Qiyuan Green Power provides services and solutions for green energy. | $211.3M | Series B | Jan 02, 2024 |  |
| Yuze Semiconductor | Yuze Semiconductor is a research and development manufacturer of N-type solar monocrystalline silicon rods and silicon wafers. | $177.2M | Series B | Jan 09, 2023 |  |
| Chint Electrics | Zhejiang Chint Electrics Co., Ltd. manufactures low voltage electric appliances. | $319.2M | Post-IPO Equity | Dec 22, 2022 |  |

10 of 16 investments shown.

## Co-investors
- [Chengtong Mixed Reform](https://shizune.co/investors/profile/chengtong-mixed-reform) — VC Fund, 3 deals together
- [Bank of China](https://shizune.co/investors/profile/bank-of-china) — VC Fund, 2 deals together
- [China Southern Power Grid](https://shizune.co/investors/profile/china-southern-power-grid) — VC Fund, 2 deals together
- [SPIC](https://shizune.co/investors/profile/spic) — VC Fund, 2 deals together
- [Yingke Capital](https://shizune.co/investors/profile/yingke-capital) — VC Fund, 2 deals together
- [Hongtai Capital Holdings](https://shizune.co/investors/profile/aplus-capital) — VC Fund, 1 deal together

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## Featured in investor lists
- [Energy VC Funds in China](https://shizune.co/investors/energy-vc-funds-china)
- [Energy Investors in China](https://shizune.co/investors/energy-investors-china)

## FAQ

### What does National Green Development Fund invest in?

National Green Development Fund invests primarily in Energy, Manufacturing and Battery startups, most often at Series B and Series A stage. Most of the 16 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 Green Development Fund last invest?

The most recent investment recorded for National Green Development Fund closed in Dec 2025. Shizune tracks 16 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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