The ET Capital has announced a new RMB Fund which is expected to be US$650 million and engaged in AI, IoT, clean energy, new consumption, intelligent manufacturing, and carbon neutrality. LPs of the new fund come from high-end technology companies and institution investors, integrating industrial upstream and downstream resources to enable the incubation and iteration of emerging technologies, and promote industrial sustainable and smart transformation and upgrade. The first batch of portfolios of the new fund is currently being delivered.
Based on AIoT technology, the new fund is aiming to promote the development of digital economy with the advantage of industrial and financial capability integration, stimulate local economic vitality, comprehensively enable the innovative and low-carbon upgrade of the regional digital economy ecosystem.
The ET Capital is one of the subsidiaries initiated and established by Terminus Group, the global smart services and AIoT solutions provider, focusing on investing in outstanding enterprises that have made breakthroughs in AI, IoT, big data and other advantaged technologies with real implementation in various urban scenarios. The ET Capital also joins hands with local partners to promote digital infrastructure and smart industry development. Having initiated and operated multiple funds with domestic and international investment platforms, ET Capital's business sectors include Private Equity (PE) investment, Venture & Growth Capital (VGC) investment, with an AUM exceeding US$5.7 billion, and has successfully exited via IPO or M&A of over 20 portfolios. Its key portfolio companies include Advanced Solar Power (Hangzhou) (ASP), NIO, XPENG Motors, JD Logistics, Qi-Anxin (QAX), 4Paradigm, iQiyi, NetEase Cloud Music, Meituan Dianping, SenseTime and more.
As new technologies have become one of the driving forces for economy development globally, the ET Capital takes cutting-edge technologies such as AI and IoT as its core sector, and fully leverages its industrial and financial advantages to empower the development of digital economy and promote digital ecosystem globally.