# SPIC Industrial Fund Management

> SPIC Industrial Fund Management is a VC fund in Beijing backing B2B and Energy. See 4 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Beijing, China
- Total investments: 4
- Last investment: Dec 2024
- Lead investor: 25%
- Last updated: Aug 2026

SPIC Industrial Fund Management is a VC fund in Beijing focused on B2B and Energy. SPIC Industrial Fund Management specializes in investments for growth. The Fund invests in a variety of industries, including energy, power, environmental services, and others.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| B2B | 2 | 50% |
| Energy | 1 | 25% |
| Automotive | 1 | 25% |
| Enterprise | 1 | 25% |
| Electronics | 1 | 25% |

11 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 2 | 50% |
| Series C | 1 | 25% |
| Venture - Series Unknown | 1 | 25% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Chasing Light Technology | Chasing Light provides organic semiconductor technology designed for the photovoltaic industry. Their organic semiconductor materials and their optoelectronic devices have shown application potential in the semiconductor field due to many advantages such as low cost, easy performance adjustment, flexibility, thinness, and transparency. | $13.7M | Series A | Dec 27, 2024 |  |
| Xingchen New Energy | Xingchen New Energy develops new generation of ultra-high-performance all-vanadium flow energy storage system, fully covering electrolyte, stack and core R&D, manufacturing and production of components, energy storage systems and other products, and provide safer comprehensive energy storage solutions. |  | Venture - Series Unknown | Dec 20, 2023 |  |
| Xinruili | Xinruili provides automotive aftermarket services. | $77M | Series A | Aug 19, 2021 |  |
| Zhongneng United | Zhongneng United is a B2B enterprise engaged in engineering equipment services, mainly for aerial work platforms. |  | Series C | Aug 03, 2020 |  |

4 of 4 investments shown.

## Co-investors
- [Addor Capital](https://shizune.co/investors/profile/addor-capital) — VC Fund, 1 deal together
- [Beihang Investment](https://shizune.co/investors/profile/beihang-investment) — VC Fund, 1 deal together
- [CASVC](https://shizune.co/investors/profile/casvc) — VC Fund, 1 deal together
- Changzhou Industrial Fund — VC Fund, 1 deal together
- Changzhou Science and Technology Venture Capital — VC Fund, 1 deal together
- [China Economic Capital](https://shizune.co/investors/profile/china-national-economic-capital) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund

## FAQ

### What does SPIC Industrial Fund Management invest in?

SPIC Industrial Fund Management invests primarily in B2B, Energy and Automotive startups, most often at Series A and Series C stage. Most of the 4 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did SPIC Industrial Fund Management last invest?

The most recent investment recorded for SPIC Industrial Fund Management closed in Dec 2024. Shizune tracks 4 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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