Lithium-ion battery materials maker HaoDyne has snapped over $21 million in Series A funding, while virtual reality hardware maker Pimax has raised almost $29 million in an extended Series C round.
Svolt Capital leads HaoDyne’s Series A funding
Lithium-ion battery materials maker HaoDyne Technology has snapped up 150 million yuan ($21.5 million) in a Series A round led by Svolt Capital. Svolt Capital is a spin-off of Chinese automobile manufacturer Great Wall Motors that invests in the field of new energy vehicles and automotive energy.
The round, joined by a slew of notable investors such as Oriental Fortune Capital, CoStone Capital, Guohai Innovative CCI Capital, and Hedge VC have joined the round, will help improve the firm’s production capacity and R&D in the area of binder materials for lithium-ion batteries.
Shenzhen-listed lithium battery maker Eve Energy, the world’s top lithium-ion battery maker Amperex Technology Limited (ATL), as well as Svolt Capital are listed as the strategic investors in the round.
Founded in March 2011, the firm specialises in binder materials, which are used to hold the active material particles together within the electrode of lithium-ion batteries.
Tuanmu Capital backs Pimax’s Series C1 round
Pimax has raised 200 million yuan ($28.7 million) in a Series C1 round led by Tuanmu Capital, according to 36Kr, the Chinese-language media platform of Nasdaq-listed 36Kr Holdings.
The round, participated by several state-affiliated investors including Qingdao Haifa State-owned Capital Investment and Operation Group, and Yuhang Financial Holdings Group, will help the firm to replenish cash flow, expand its business, as well as in R&D.
Founded in 2015, Pimax produces virtual-reality (VR) headsets, portals and related accessories. Two years after its inception, the firm released the Pimax 8K VR headset, the first VR headset in the world that supports such resolution in 2017. The VR headset, which supports 200 degree Field of Vision (FOV), has achieved a record sale of $423,000, per the report.
Previously, the firm secured $20 million in a Series B round participated by investors such as Shenzhen CDF-Capital and Tellhow Group.