CM Venture Capital

How is the need for carbon impact reductions affecting the Oil, Gas & Chemical sector? ✅ At our recent Innovation China Renewable Carbon event in Shanghai in November 2024, we invited CICC's MD, Mr Qiu Xiaofeng, from their Oil, Gas & Chemical Industry Research Dept, to share expert insights on how the need for carbon reduction is driving changes in this area. ✅ Highlights include the premiums expected for green chemicals, its impact on profitability, the technologies relied on to reduce carbon emissions, and the policies and roadmap ahead for the Oil, Gas & Chemical industry. The short 13-min video is dubbed in English for our international audiences. #carbonemissions #decarbonization #climatechange #greenchemicals #carbonimpact #carbonreduction

With GUOFUHEE 🇧🇷 (HKEX symbol: 2582) reaching a record price of 114 HKD today, we're humbled by its stock performance (the initial guide price was approx 65 HKD a share). Guofu Hydrogen is a CM Venture Capital portfolio company, and it's been outperforming all expectations. ✅ Predicting hydrogen as a viable clean energy source was based on years of research, as well as patience on policies and innovation in the hydrogen energy space. We'd like to share some valuable insights gained from our research, which you can read in the article below. ✅ In November, China has officially reclassified hydrogen as an energy source, instead of a dangerous chemical. Together with strong policy support across governments across the globe – Europe, Middle East, Asia Pacific and so on – the future of hydrogen energy looks bright. Not to mention, economically viable, highly accessible and very practical. #hydrogen #hydrogenenergy #cleanenergy #decarbonization #nofossilfuel #greenhydrogen

Missed out on our last 'Renewable Carbon' themed Innovation China Event ? ✅ Well, we have a few curated - and very exclusive – presentations you can watch on our Youtube channel. Below is a contextual POV on China's economy, specially dubbed in English for our international followers. ✅ Titled "Monetary easing and fiscal expansion in the context of pro-growth policies (China)", this was presented by Mr Chen Jianheng, Managing Director of CICC's International Research Group & Fixed Income Group at our last Innovation China Conference. Mr Chen shares a macroeconomic viewpoint of China's growth and recovery trajectory, from new energy vs traditional energy, to China's real estate sector, and more. Click to watch a 17-min video on his insights on the state of the Chinese economy. #chinaeconomy #newenergy #economicrecovery

It looks like Econic Technologies Ltd, a CM Venture Capital portfolio company which turns waste carbon into functional materials such as PU or surfactants, is advancing quickly with its plans to bring its climate-friendly material tech to the world. ✅ With its latest MOU with PTT Group (GC), Thailand, and allnex, specialty chemicals pioneer headquartered in Germany, Econic's renewable carbon tech spans the world. Econic's earlier MOUs covers key geographies across the planet: Monument Chemical USA, Changhua Chemical Technology Co., Ltd. China, Sanyo Chemicals Japan, Manali Petrochemicals Ltd. India. ✅ Econic is led by CEO Keith Wiggins, a material sciences veteran with decades under his belt. ✅ The material concept is simple: embed carbon into materials that we use daily. In the process, the technology also makes these products more durable, meaning we are less likely to dispose of them. Imagine, if fashionwear, automotive, furniture, construction materials, surfactants, coatings, adhesives were made from renewable carbon – this would lock existing carbon out of the atmosphere, reduce our need on fossil-based feedstocks, and cut down carbon emissions into the environment. It's a win-win-win for the industry, the consumers, and the planet! #carbon #decarbonization #carbonreduction #renewablecarbon #climatechange

On 7 Nov 2024 CM Venture Capital curated an exclusive, behind-the-scenes experience for our LPs and key collaborators, spotlighting two of our standout portfolio companies: GUOFUHEE 🇧🇷 and Skysys Intelligent Technology. ✅ The tour brought together an impressive delegation, featuring representatives from global industry leaders such as Sembcorp Industries Ltd, BAT, PTTEP, MTR Lab Company Limited, BASF, Mitsubishi Corporation, Levson Group, GE HealthCare, and SABIC. CM Venture’s own Partner, Yijia (Michelle) Hua, served as the guide for this immersive experience. ✅ The journey began at Guofu Hydrogen’s Zhangjiagang facilities, where attendees explored the company’s cutting-edge smart factory, witnessed operations at its hydrogen fueling stations, and toured its state-of-the-art manufacturing plant. At Skysys Intelligent Technology in Suzhou, guests were treated to an exclusive look at the company’s newly unveiled exhibition hall. They also witnessed a live demonstration of Skysys’ advanced maintenance drones and previewed innovative products targeting future market growth. ✅ The event concluded with a return to Shanghai in the late afternoon, with many attendees heading directly into the Renewable Carbon Conference on November 8. The excitement continued as Guofu Hydrogen celebrated a major milestone—its official listing on the Hong Kong Exchanges and Clearing Limited (HKEX) on November 15, 2024. ✅ This unique tour not only showcased the innovation and growth of CM Venture’s portfolio companies, but also reinforced our commitment to fostering deep connections between our partners and the groundbreaking technologies shaping the industries of tomorrow. #startupvisit

Over the weekend, CM Venture Capital co-founder Dr Patrick Berbon (白瑞克) was officially given the 2024 Shanghai Magnolia Award. Limited to just 50 foreign talents a year, the award was established in 1989, with just 1,877 expatriates conferred these awards in its history. The event was also attended by CEO & co-founder Dr Min Zhou and IR/Ecosystem Manager Kathy Li. ✅ The ceremony took place at the Grand Halls on Shanghai's North Bund, with Kong Fu'an, director-general of Shanghai Municipal Foreign Affairs Office, handing out medals & certificates to the recipients. ✅ Kong's address emphasized Shanghai's status as an international, innovative, and inclusive city that has taken the lead in achieving Chinese-style modernization. He highlighted the vital roles that foreigners, foreign-invested enterprises, and foreign institutions play in the city, noting that they have been "not only witnesses, but also active participants and contributors." ✅ At CM Venture, we're honored to receive recognition for our contributions across multiple dimensions: scientific innovation, social development, economy and more. With this, we are driven to continue with our quest forward in the value that science & technology brings to the world! #recognition #magnoliaaward #magnoliaaward2024

Having wrapped up the 'Renewable Carbon' Innovation China Conference two weeks ago, here's a summary from the renewable carbon content gleaned from the event. Two important takeaways are featured in the link below: 1) Comparison of Carbon Emissions Market Mechanisms – China vs. EU 2) Carbon Neutrality in the Chemical Sector Once again, we'd like to thank all MNCs, LPs, CVCs, startups, policymakers and partners, who supported us. Thank you to all speakers from: BAT, Herbert Smith Freehills, BloombergNEF, Shanghai Environment, Energy & Exchange, CICC, Phoenix Contact, Novalis Advisors, Arkema and Veolia. And it was an honor to host all CVCs at the event: Heraeus, SCG Investment, MTR Lab Company Limited, Merck, LG Energy Solution, Sembcorp Industries Ltd, Temasek Foundation, PTTEP, PETRONAS, Samsung Electronics, ZEISS Group, and more. Or come watch some of the presentations and decks here: https://lnkd.in/g8UDBt7e #decarbonization #renewablecarbon #carbon #CCU #CCUS

OMG! Congratulations to Guofu Hydrogen, a CM Venture Capital portfolio company, on its official IPO listing on the HKEX! ✅ Guofu founder and chairman Wu Pingfan officially rung the bell (struck the gong, in Asia) at 9:30am Hong Kong time today (15 November 2024) at Hong Kong Exchanges and Clearing Limited (HKEX), launching Guofu Hydrogen officially to the open stock market. ✅ 1,500 kms away from HKEX – CM Venture CEO Dr Min Zhou also simultaneously struck the gong, together with Guofu's CEO Wangkai, from Zhangjiagang, Guofu's base city, at the same time. ✅ This is a key milestone in our investment journey with Guofu, and we’re proud to be one of their largest institutional investors. We invested in them in their earliest days, starting with their A-round, with follow-up investments over another 4 rounds. ✅ This demonstrates our firm belief in the burgeoning potential of the new energy sector – and Guofu is a full end-to-end, integrated hydrogen energy infrastructure/solution provider: from R&D, to manufacturing of core equipment of the entire hydrogen industry chain of production, storage, transportation, process, refueling stations, fuel cells and more. ✅ Our journey with Guofu started over a decade ago when we were researching the new energy space as a way to replace fossil-based sources. Guofu was referred to us while we were consulting the viability of hydrogen energy for Air Products, and it was clear the company had a great vision and setup for its mission. We'd also like to thank our LPs BASF, BAT / Btomorrow Ventures, GE, Henkel, SABIC, Samsung Electronics, 利物盛 (Levson), 临港, 天津润丰, 宝山国投 and 杨浦科创for their outstanding support and trust in us. The Guofu stock symbol/number is 2582 on the HKEX.

Earlier this week at Global Corporate Venturing Asia: Congress in Tokyo, CM Venture Capital's CEO Dr Min Zhou went on stage with Btomorrow Ventures' Snr Legal Counsel & Comms Lead, Peter Wozny. ✅ The topic was ‘Unlocking new horizons – how strategic fund investment adds value beyond deal flow’, a fireside chat on getting the most strategic value out of fund investments for corporate VCs. In addition to helping navigate the dynamic Chinese innovation ecosystem, CM Venture also facilitates BTV and its parent firm, BAT, with crucial themes such as sustainability and impact, technology foresight and innovation roadmap. Dr Min Zhou had two key points to share: ✅ CM Venture’s fund is a USD fund registered in Delaware, USA, but we are headquartered in Shanghai, China. It’s much easier to look at US/European deals from a Shanghai office, than trying to understand China from US/European offices. Why? "In materials /manufacturing /hardtech, if you don’t understand what’s going on in China, you'll be blindsided," said Dr Min Zhou. ✅ CM Venture is one of very few tech-focused VC firms founded by scientists. We understand science, we have hands-on experience in R&D and technology commercialization, and that is why we are able to conduct early-stage hard tech investing. ✅ And we are very fortunate to have outstanding corporate LPs like BAT & Btomorrow Ventures. CM Venture offers deal flows, but we also understand everyone is very busy – corporates typically need partners that curate and recommend solutions to their problems & needs. We are backed by strong science backgrounds, deep tech expertise and market insights, so CM Venture's LPs enjoy a unique advantage of care, curation and control over their investments and business solutions. In short, investing in deep tech and material science calls for next-level expertise. If you'd like to know more, or are looking for a China-based/global mentality deep-tech VC to collab with, let's talk! #collaboration #partnership #unlimitedpartners #openinnovation #venturecapital

In partnership with BAT and Btomorrow Ventures, the BAT Battery Material Decarbonization Challenge at our Renewable Carbon event on 8 Nov in Shanghai last week has wrapped up, and we’re excited to announce the winners from the event! ✅ The BAT Battery Decarbonization Challenge featured 8 battery technology/recycling startups (curated by the CM Venture Capital's research team) from China and Singapore. Each had strictly 15 mins – inclusive of Q&A – to present. The grand prize was a 5,000 USD cash prize, with runner-up prizes of 3,000 USD and 1,000 USD – with possible opportunities to collaborate with the OEM for future JDAs. ✅ The top prize went to Green Li-ion (which pitched through an online link), a battery recycling company based in Singapore, followed by ToDawn Technology and Botree Recycling Technologies, both from China. ✅ About Green Li-ion: A lithium-ion battery recycling technology company producing modular hardware solutions that convert spent batteries into cathode and anode material that’s ready to drop into manufacturing processes for batteries of all types. They are revolutionizing the energy storage industry with the first commercial scale modular plant solutions to fully refine and rejuvenate all forms of performance Li-ion and precious metal batteries (incl NiMh) in one step with up to 90% less carbon footprint. ✅ About ToDawn Tech: A startup a result of a spinout from MIT Labs: they rely on unique mechanical/physical methods to regenerate LFP material from waste batteries. ✅ About Botree: They are dedicated to delivering total solutions for recycling critical battery materials. With advanced separation systems and smart equipment, Botree enables worldwide battery manufacturers, battery operators, automotive manufacturers, energy storage enterprises, and recyclers achieve short-loops in the use of battery materials. Applications include recycling of lithium batteries, hydrogen fuel cells, solid state batteries, and more. ✅ We congratulate all winners and thank our sponsor BAT, as well as judges from: BAT (Benjamin Jenkins, Head of Sustainability, BAT & Neelam J. Melwani, Head of Circularity, BAT), LG Energy Solution (Dr Sungbin Park), Heraeus (Dr Christian Neumann), Apex (Mr Kevin Wang) and CM Venture [Dr Patrick Berbon (白瑞克)]. Also, a big hearty thanks to Peter Wozny from Btomorrow Ventures for helping to make all these possible. Official press release here: https://lnkd.in/e5uyG4b9 #decarbonization #renewablecarbon #batteryrecycling #batterymaterial #batterytech #batterytecnology