eCactus Solar

WEIHENG
eCactus

Weiheng Logo

Our partner company in China is the birthplace of eCactus

  • Jiangsu Weiheng Intelligent Technology Co. Ltd., headquartered in Wuxi City, Jiangsu Province, is a global energy service provider that focuses on the research and development, production, sale and service of energy storage software and hardware equipment
  • The company has obtained 58 related patents
  • 6% of company staff have obtained doctorates, 17% are masters graduates and 88% have a bachelors degree or above.
Weiheng Exterior
2017
Company Founded

Weiheng is founded in Yangzhong

2018
Research & Development

Dual R&D centres established in Suzhou & Shanghai

2018
New Offices

Australia and Thailand offices are created

August 2021
REORIENT Investment

Weiheng wins strategic investment from REORIENT

August 2021
Wuxi Setup

Wuxi headquarters are established

September 2021
Shortlisted

Shortlisted in China Energy Conservation and Environmental Protection Group Supplier of 2021-2023

January 2022
JINPAN Cooporation

Weiheng enters cooperation with JINPAN (688676)

January 2022
CATL Cooporation

Weiheng enters cooperation with CATL (300750)

July 2022
CEC Approval

Weiheng receives CEC approval

July 2022
Global Certification

Indoor battery cabinet has been certified globally by Intertek Group

July 2022
Integration Certification

Residential energy storage integrated machine has been certified by several regions

November 2022
Pre-A Round Financing

Pre-A Round Financing from CATL, JINPAN and INOVANCE

December 2023
A Round Financing
A Round Financing from CATL, JINPAN and INOVANCE

2.5 GWh

TOTAL CAPACITY

3

MANUFACTURING FACILITIES

Shareholders

Reorient Group

Reorient Group Limited is primarily known as an investment holding company, operating through a range of subsidiaries and offering a suite of financial and investment services. 

The company’s activities encompass securities brokerage, wealth management, corporate finance, and asset management, serving individual, corporate, and institutional clients globally. Reorient Group has expanded its reach from its base in Hong Kong to different parts of the world. Its expertise in the Greater China market positions it as a strategic hub for investments. 


Moreover, Reorient Group is committed to finding and investing in high-quality private placement projects. It assists potential enterprises in listing and provides restructuring, M&A, and privatisation services for listed enterprises to unlock their internal potential and value.

 

The company has a significant presence in the energy field, with involvement in the investment, business, or debt restructuring of numerous listed companies, including Concord New Energy Group Limited, IDG Energy Investment, and BOE Varitronix Limited. These endeavors aim to introduce external resources and unleash the internal value of the enterprise.

Inovance Group

Inovance Technology, established in 2003, operates as a high-tech enterprise headquartered in China, specialising in industrial automation and energy-saving technologies. The Inovance Group stands as a leading global provider of industrial automation solutions, serving original equipment manufacturers (OEMs) and end-users alike.

The company’s product line encompasses various industrial automation components and systems, including inverters, servo systems, and motion controllers. These offerings cater to a diverse array of sectors such as solar, packaging, and electronics. Inovance has swiftly gained traction in the marketplace, capitalising on the manufacturing boom in China and beyond.

 

Inovance’s success can be attributed to its unwavering commitment to research and development, coupled with a focus on customer-centric innovation. By continuously advancing its technology and solutions, Inovance has positioned itself as a formidable competitor in the dynamic landscape of industrial automation.

CATL

Contemporary Amperex Technology Co. Limited (CATL), established in 2011, stands as a powerhouse in the field of battery manufacturing, particularly for electric vehicles. Based in China, CATL has swiftly ascended to prominence within the industry.

As the largest supplier of EV batteries globally, CATL commands a significant market share, surpassing competitors such as Panasonic and LG Chem. This dominance is evidenced by the company’s extensive partnerships with leading automotive manufacturers like Tesla, BMW, and Volkswagen. CATL’s relentless innovation in battery technology, marked by advancements in energy density and battery lifespan, underscores its crucial role in driving the transition towards electric mobility.

 

Specialising in the manufacturing of lithium-ion batteries for electric vehicles and energy storage systems, along with battery management systems, CATL remains at the forefront of technological advancements in the field. Its contributions to the electric vehicle industry play a pivotal role in shaping the future of sustainable transportation.

CD Capital

CD Capital operates as a private equity firm with a specialised focus on investments, particularly within the natural resources and mining sector. It distinguishes itself by prioritising sustainable practices in mining investments, aiming to contribute not only capital but also strategic support to promote environmentally and socially responsible projects. Despite not being as large as some of its counterparts in the private equity sphere, CD Capital’s niche focus enables it to leverage expertise and industry connections effectively, maintaining a significant presence in the mining and natural resources sector globally.

 

Additionally, CD Capital, registered as an equity investment management institution with the Asset Management Association of China, manages fund products targeting strategic emerging industries. These industries include green and low-carbon initiatives, high-end equipment manufacturing, new materials, and semiconductors. The firm has played a pivotal role in the growth of enterprises through past investments, facilitating the listing of numerous outstanding enterprises. Among these are OPT Machine Vision (SHA 688686), Lyric Robot (SHA 688499), BOZHON (SHE 688097), and SINOFUSE (SZ 301031), showcasing its involvement in various well-known industries.

JST

Jinpan International Limited (JINPAN), commonly known as JST, is a prominent China-based company renowned for its specialisation in designing and manufacturing cast resin transformers, switchgears, and unit substations for power distribution purposes. Established in 1993, Jinpan has made significant strides in the electrical equipment market, emphasising energy efficiency and reliability in its offerings. While previously listed on the NASDAQ before its privatisation, Jinpan has solidified its position as a key player in the industry.

The company caters to a diverse clientele spanning industrial, commercial, and residential sectors, delivering its products not only within China but also to various international markets. By prioritising research and development initiatives and adhering to stringent international quality standards, Jinpan has effectively secured its foothold in the competitive landscape of electrical equipment manufacturing.

 

Jinpan markets its products under the trademark JST, further reinforcing its brand identity and recognition within the industry. This strategic approach to branding enhances its visibility and distinguishes its offerings in the market.

Fudan University

Fudan University stands as one of China’s most prestigious and selective universities, with its roots dating back to its establishment in Shanghai in 1905. Renowned for its comprehensive range of disciplines, including humanities, natural sciences, engineering, and management, Fudan University is considered a cornerstone of academic excellence in China. Like the Ivy League in the United States, it is part of the esteemed C9 League, underscoring its status among the top institutions of higher education in the country.

 

The university has played a pivotal role in China’s development, boasting a remarkable research output and highly regarded academic programs. Its influence extends globally through partnerships with institutions worldwide. Fudan University offers a diverse array of undergraduate, graduate, and doctoral programs across various fields, including sciences, engineering, and business. This commitment to rigorous academic programs, cutting-edge research, and a diverse student body solidifies its position as China’s foremost institute for higher education.

Furong Capital

Furong Capital operates as a venture capital firm established in China, with its headquarters situated in Shanghai. Founded in 2014, the company is affiliated with the Research Institute of Fudan University in Ningbo, showcasing its connection to academia.

The firm has a notable track record, having made 42 investments, including Kensino during their Series B round on July 7, 2023. Additionally, Furong Capital has successfully navigated portfolio exits, with OBiO marking one such instance on March 22, 2022. Managing the Furong Qingyun Fund, a 2017 vintage venture capital fund, further solidifies its position in the investment landscape.

Furong Capital specializes in funding technology companies, with a particular emphasis on sectors like artificial intelligence, internet, and other emerging technologies. Through its investments, the firm provides crucial funding and strategic support to foster the growth and expansion of these companies. Known for its involvement in the Chinese tech ecosystem, Furong Capital plays a pivotal role in nurturing promising startups and driving innovation within the industry.

Wuxi Capital Group

Wuxi Capital Group is a prominent financial services company based in China, formerly known as Wuxi Financial Venture Investment Group Co Ltd. Established in 2012, the group offers a wide range of services including investment management, asset management, and wealth management, as well as seed funding, angel investment, venture funds, stock equity funds, and buyout funds. With a diverse investment portfolio spanning industries such as real estate, technology, healthcare, and finance, the company has rapidly expanded both domestically and internationally since its inception. It owns several wholly-owned subsidiaries and holding companies, along with fund management companies in Shanghai and Shenzhen. With a registered capital of 2.188 billion yuan ($333.6 million), the company manages funds exceeding 160 billion yuan, investing in over 450 companies. Additionally, Wuxi Capital Group operates 1.5 billion yuan in guiding funds for angel investment. The company has played a significant role in supporting major projects such as Hua Hong Semiconductor (Wuxi) Limited and Wingtech Technology, contributing to economic development and innovation in China.

Waterwood

Also known as Shuimu Fund is an equity private equity fund that focuses on the development, integration, and M&A investment opportunities of medical, technology, and new economic industries. Its investment team members include people from multinational investment banks, private equity and venture capital funds, and legal and accounting professionals.

The investors of Shuimu Fund are mainly family offices and institutional investors. In order to meet the asset allocation and return requirements of these institutional investors, Shuimu Fund will focus on looking for leading Chinese and foreign companies in the industries of concern, judge the ability of these companies to withstand risks and seize opportunities in the economic cycle and industry consolidation, and cooperate with Shuimu Fund’s investment The team’s connections, industry, business management and mergers and acquisitions experience and resources can invest significant funds in the selected companies at the appropriate time, allowing the companies to take advantage of capital leverage and sharp changes in financial efficiency to leave behind competitors, integrate the industrial structure, or Subvert the existing stakeholders in the industry, become the leader of the industry, or create a market space that is more conducive to its own development. In line with this investment strategy, Shuimu Foundation prefers to invest in companies in the growth stage. It usually takes board seats in the invested companies, actively helps the companies expand their business, and strives to exit in the mid-term and obtain generous returns.



CIIT Asset Management

Industrial Guoxin Asset Management Co., Ltd. is a leading financial institution established in April 2013, headquartered in the Hongkou District of Shanghai, with a registered capital of RMB 3.4 billion. Approved by the China Banking and Insurance Regulatory Commission and wholly owned by Industrial International Trust Co., Ltd., it also serves as a private equity fund manager registered with the Asset Management Association of China since April 2014. The company specializes in asset management, financial advisory, and investment services, catering to diverse client needs. Key services include asset management, financial advisory, and investment services such as private equity, direct investments, securities investments, and alternative investment strategies. Industrial Guoxin Asset Management Co., Ltd., operates with core values centered on a client-centric approach, transparency, and innovation in financial strategies to ensure optimal financial results for its clients.

For more information on our partnership with WeiHeng, or how eCactus Solar can help you, get in touch.

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