# Everstate Capital

> Everstate Capital is a VC fund in Shenzhen backing Energy, Manufacturing and Solar. See 13 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Shenzhen, China
- Total investments: 13
- Last investment: Jan 2026
- Lead investor: 46%
- Last updated: Aug 2026
- Website: https://evscap.com

Everstate Capital is a VC fund in Shenzhen focused on Energy and Manufacturing. Shenzhen Qianhai Hengbang Equity Investment is an investment Firm.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $2M–$18M |
| Series B | $14M–$30M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Energy | 5 | 38% |
| Manufacturing | 3 | 23% |
| Solar | 2 | 15% |
| Battery | 2 | 15% |
| Semiconductor | 2 | 15% |

23 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 6 | 46% |
| Series B | 2 | 15% |
| Angel | 1 | 8% |
| Series A | 1 | 8% |
| Series C | 1 | 8% |

7 stages tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Yuanyong Technology | Yuanyong Technology is a technology company specializing in integrated circuit design services, providing end-to-end solutions that cover chip architecture, circuit design, verification, and optimization to support the development of high-performance and reliable semiconductor products across a range of applications. |  | Seed | Jan 29, 2026 |  |
| Leading New Energy | Lead New Energy is a clean energy company dedicated to advancing sustainable power solutions. They focus on the research and development of innovative technologies in power generation, transmission, and distribution. |  | Seed | Jun 05, 2025 |  |
| Hanyu New Energy | Hanyu New Energy is a new energy system integration service provider that specializes in energy storage and hybrid battery system integration. | $18.1M | Seed | Jun 06, 2024 |  |
| PublicAI | PublicAI is a Web3 distributed AI training network that helps people to earn rewards by contributing data work. | $2M | Seed | Jan 29, 2024 |  |
| Renshuo Solar | Renshuo Solar is a manufacturer of perovskite tandem solar panels. |  | Series A | Jan 18, 2024 |  |
| Leascend Photovoltaic | Leascend Photovoltaic specializes in development and application of high-efficiency heterojunction (HJT) Solar cell technology. | $59M | Venture - Series Unknown | Jan 09, 2024 |  |
| Hannstar New Energy | Hannstar New Energy is a provider of new energy system integration services that focuses on energy storage and hybrid battery system integration. The company is primarily involved in the research and development, production, and sale of energy storage batteries and systems, as well as the entire integration of hybrid batteries | $13.7M | Angel | Nov 09, 2023 |  |
| Zhongke Yuanyi | Zhongke Yuanyi manufactures nano-coating materials that reduce environmental effects and develops a new type of green coating material that fully accomplishes emission reduction effects. | $1.4M | Venture - Series Unknown | Jun 28, 2023 |  |
| Youyu Prefabricated Vegetables | Youyu Prefabricated Vegetables is a prefabricated dish research, development, production, and sales enterprise. It provides ready-to-cook, instant fresh pre-prepared dishes, instant-cook, and instant-heat frozen pre-prepared foods. | $4.9M | Seed | Jun 20, 2023 |  |
| Dixin Gravity Technology | Gravity is a chip developer, focusing on semiconductor integrated circuits and 5G fields such as consumer electronics chips, information security chips, NFC/RF chips, etc. Gravity’s main products cover fast charging chips, smart audio chips, power management chips, NFC near-field communication chips and other fields. | $29.5M | Series B | Jan 17, 2023 |  |

10 of 13 investments shown.

## Co-investors
- [Addor Capital](https://shizune.co/investors/profile/addor-capital) — VC Fund, 1 deal together
- [Caitong Capital](https://shizune.co/investors/profile/caitong-capital) — VC Fund, 1 deal together
- [Canghai Capital](https://shizune.co/investors/profile/canghai-capital) — VC Fund, 1 deal together
- [CAS Star](https://shizune.co/investors/profile/cas-star) — VC Fund, 1 deal together
- [CETC Fund](https://shizune.co/investors/profile/cetc-fund) — VC Fund, 1 deal together
- [Changshu Economic Development Holdings](https://shizune.co/investors/profile/changshu-economic-development-holdings) — VC Fund, 1 deal together

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## FAQ

### What does Everstate Capital invest in?

Everstate Capital invests primarily in Energy, Manufacturing and Solar startups, most often at Seed and Series B stage. Most of the 13 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Everstate Capital's check size?

Everstate Capital typically joins rounds of $2M–$18M at Seed and $14M–$30M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Everstate Capital participates in.

### When did Everstate Capital last invest?

The most recent investment recorded for Everstate Capital closed in Jan 2026. Shizune tracks 13 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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