# SPIC

> SPIC is a VC fund in Beijing backing Manufacturing and Energy. See 23 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Beijing, China
- Total investments: 23
- Last investment: Dec 2024
- Lead investor: 22%
- Last updated: Aug 2026
- X (Twitter): https://twitter.com/chinaspic
- Website: http://www.spic.com.cn
- Facebook: https://www.facebook.com/ChinaSPIC

SPIC is a VC fund in Beijing focused on Manufacturing and Energy. State Power Investment Corporation Limited(SPIC) was established in May 2015 through the merger of China power Investment Corporation and State Nuclear Power Technology Corporation. Oriented by incorporating a state-owned capital investment company, SPIC is striving to become a pioneer in SOE transformation through building a new group with highstandards and a high starting point.SPIC is one of China's top five power generators, an integrated energy group with power as its core. It has a total installed capacity of 126 GW, including 72.43GW of thermal power, 22.03GW of hydropower, 4.48 GW of nuclear power, 11.66GW of solar power and 13.73 GW of wind power, with clean energy accounting for 45.14% of the total, demonstrating a distinctive clean development feature. It supplies 422.6 TWh of power and 171 million GJ of heat per annum. It also owns a coal production capacity of 78.6 million tons per year (t/y), aluminum smelting capacity of 2.49 million t/y and railway transportation line of 627 km.

## Contacts

5 contacts available for SPIC. Shizune tracks 6 team members at SPIC. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/spic?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Manufacturing | 15 | 65% |
| Energy | 5 | 22% |
| Solar | 3 | 13% |
| Battery | 3 | 13% |
| Advanced Materials | 3 | 13% |

31 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Venture - Series Unknown | 5 | 22% |
| Series A | 4 | 17% |
| Series B | 4 | 17% |
| Seed | 3 | 13% |
| Series C | 2 | 9% |

9 stages tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Jia Lin Shi | Vice President | 0 | https://shizune.co/investors/profile/jia-lin-shi |
| Liu Shiangmin | Vice President | 0 | https://shizune.co/investors/profile/liu-shiangmin |
| Suo Wei | Vice President | 0 | https://shizune.co/investors/profile/suo-wei |
| Xie Jun | Chief of Discipline Inspection Group | 0 | https://shizune.co/investors/profile/xie-jun |
| Zhen Ping Meng | President | 0 | https://shizune.co/investors/profile/zhen-ping-meng |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Hengtuogao | Hitop Pneumatic Machinery specializes in the development, production, and distribution of pneumatic and electric actuators, grippers, and a wide range of components suitable for industrial automation. The company focuses on providing solutions that enhance efficiency and productivity in various industrial settings. With a commitment to innovationand quality, Hitop offers products designed to meet the diverse needs of its customers. The company's portfolio includes a comprehensive selection of automation machinery that caters to different sectors, ensuring that clients have access to the tools necessary for optimizing their operations. | $13.7M | Series B | Dec 30, 2024 |  |
| Sino-Tech Hydrogen | Zhongke Hydroyi focuses on the research and development of polymer diaphragm products. | $6.9M | Seed | Nov 19, 2024 |  |
| InSight Thermal Management | InSight Thermal Management is an automobile parts developer specializing in the research, development, manufacture, and sale of thermal management systems and key components for new energy cars. It also offers a line of large and medium power electronic water pump series (for integrated cooling of battery packs and hybrid vehicles) and electronicoil pumps. |  | Venture - Series Unknown | Oct 10, 2024 |  |
| Jasung | Jasung engages in manufacturing smart Industrial motor. |  | Venture - Series Unknown | Jul 17, 2024 |  |
| Zhuzhou CRRC Times Semiconductor | Zhuzhou CRRC Times Semiconductor engages in the research and development of power semiconductors. | $685.8M | Secondary Market | Mar 22, 2024 |  |
| 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. | $27.8M | Series C | Mar 06, 2024 |  |
| News Dart | News Dart is a manufacturer of precision planetary reducers and helps promote automation and intelligence transmission solutions. |  | Series A | Jan 11, 2024 |  |
| VppTech | MW Cloud is a technology company accelerating the transition of society to sustainable development, aiming to reshape the relationship between people and energy. Through advanced technologies such as virtual power plants, distributed new energy, artificial intelligence, and the Internet of Things, watts are driven by bits. To gather sand into atower on the side of the vast energy users, guide the people to deeply participate in the historical process of carbon neutrality, and participate in the interaction and construction of a new power system with new energy as the main body. |  | Series A | Nov 23, 2023 |  |
| Taihu Energy Valley | Taihu Energy Valley is a smart energy storage platform that begins with a lead-carbon battery energy storage system. |  | Series C | Nov 16, 2023 |  |
| Hangzhou Yungu Technology | Hangzhou Yungu Technology is an overall solution provider for central heating and energy-saving systems. |  | Series B | Oct 17, 2023 |  |

10 of 23 investments shown.

## Co-investors
- [China Southern Power Grid](https://shizune.co/investors/profile/china-southern-power-grid) — VC Fund, 2 deals together
- [Fanchuang Capital](https://shizune.co/investors/profile/fanchuang-capital) — VC Fund, 2 deals together
- [Huajin Capital](https://shizune.co/investors/profile/huajin-capital) — VC Fund, 2 deals together
- [Kylinhall Partners](https://shizune.co/investors/profile/kylinhall-partners) — VC Fund, 2 deals together
- [National Green Development Fund](https://shizune.co/investors/profile/national-green-development-fund) — VC Fund, 2 deals together
- [Ningbo Zhenhai Industrial Investment](https://shizune.co/investors/profile/ningbo-zhenhai-industrial-investment) — VC Fund, 2 deals together

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## Featured in investor lists
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## FAQ

### What does SPIC invest in?

SPIC invests primarily in Manufacturing, Energy and Solar startups, most often at Venture - Series Unknown and Series A stage. Most of the 23 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact SPIC?

Public channels for SPIC include X (Twitter), the website linked on this profile and Facebook. 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 SPIC?

The team at SPIC includes Jia Lin Shi (Vice President), Liu Shiangmin (Vice President) and Suo Wei (Vice President), among 6 team members tracked by Shizune. 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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