Cathay Smart Energy Fund completed its final closure

Cathay Smart Energy Fund has a management scale of RMB 1 billion, with a single investment amount of RMB 30 million to RMB 100 million. The fund focuses on key technologies and business model innovations in the transition to carbon peaking and carbon neutrality, focusing on photovoltaics, energy storage, hydrogen energy, distributed energy, carbon management, circular economy and sustainable development technologies, and includes Total, Air Liquide, CMA CGM, Schaeffler, Changjiang Venture Capital, Wuhan Economic Development and Qiaoxin Capital.

Among them, Total Group, Air Liquide Group, CMA CGM and Schaeffler Group are all the first to invest in VCs in China.

Global industrial resources are a unique advantage that Cathay Fund is well known in the market. As a link between the investment community and industry in China and Europe, Cathay Fund insists on taking root in the industry and deepening its understanding. Over the past few years, China's energy market has undergone tremendous changes – rapid growth in renewable energy investment, clean energy technology innovation, coal sector adjustment, increased foreign investment, and the establishment of a carbon market – that have had a profound impact not only on the domestic energy industry, but also on a global scale.

The successful conclusion of Cathay Smart Energy Fund further strengthens Cathay Fund's leading position in investment in the field of energy carbon neutrality. Since its inception, the fund has sorted out more than 4,000 projects, and selected and invested in outstanding innovative and entrepreneurial enterprises such as GCL Optoelectronics, Reshaping Technology, Hive Energy, High Frequency Technology, Liansheng New Energy, and Qinggong Interconnection. These investments have not only been commercially successful, but also trained and nurtured the industry's top investment teams, providing key support to outstanding companies in the field of energy and carbon neutrality, and helping to accelerate the implementation of innovative and sustainable solutions.

Cai Mingpo, founder and chairman of Cathay Fund, said"In the past few years, Cathay Smart Energy Fund has witnessed the development of China's energy market in a cleaner, sustainable and innovative direction, and has also experienced a track from unpopular to hot. We hope that through in-depth interaction with industry giants, we can cultivate China's entrepreneurial ecosystem, explore and invest in innovative enterprises with cutting-edge technologies and potential in the field of energy and carbon neutrality, and help these outstanding founders realize their vision and truly create value for the industry." ”

In the context of China's active promotion of the dual carbon goals, the achievements of Cathay Smart Energy Fund not only demonstrate the confidence of global industry giants in China's energy market, but also inject new vitality into the promotion of global sustainable development goals. Cathay Fund will continue to explore more high-quality enterprises in the market ecosystem to jointly lead innovation and change in the energy field.