# CASMT

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/casmt

- Industry: Industrial Machinery
- Headquarters: Changzhou, China
- Website: www.casmt.cn
- Total disclosed funding: $25M
- Latest round: Series C (Oct 28, 2024)
- Investors on record: 10

## About

Based in Changzhou, China and founded in 2019, CASMT operates as an intelligent manufacturing one-stop overall solution provider, focusing on research and development of intelligent equipment overall solutions for the new energy automotive industry. CASMT is jointly established by Motong Robotics, Changzhou Venture Capital Group and Jiangsu Intelligent Institute of Chinese Academy of Sciences. The company has acquired High-Tech Enterprise Certificate and Contract and Creditworthy Enterprise Certificate. In October 2024, CASMT closed a series C funding from new investor Sungrow Power Supply.

The company's core business can be divided into five categories which are flexible intelligent production line, robot system integration, intelligent storage AGV, digital factory planning, design and operation and maintenance hosting. The products and technologies of the company can be used in lithium-hydrogen fuel, automotive industry, 3C semiconductor, traditional process manufacturing and general industrial high-end equipment customization field.

The company generates revenue by providing automated, information-based and intelligent production solutions.

The company will use the funds to build a production base for intelligent equipment for the new energy industry in Siyang. It will also continue to delve into areas such as thermal management, energy storage batteries, flat wire motors, and wire-controlled chassis. It is preparing to complete the listing in 2025.

## Funding rounds

- Series C, Oct 28, 2024 — Sungrow
- Series B, Nov 3, 2023, $6.8M — Minsheng Equity Investment, Fengquanyu
- Series B, Sep 9, 2022, $14M — Changzhou Zhonglou Investment Construction, Mingshan Capital, Honest Capital, Jiangyin Xinguolian Venture Capital, Jiangsu Pingling Construction Investment Group
- Series A, Nov 22, 2021, $3.1M — Changzhou Municipal Government Investment Fund Management
- Angel, Apr 1, 2020, $0.4M — Qitai Capital

## Investors

- Qitai Capital (https://capitalatlas.ai/funds/qitai-capital) — Angel
- Changzhou Municipal Government Investment Fund Management (https://capitalatlas.ai/funds/changzhou-municipal-government-investment-fund-management) — Series A
- Changzhou Zhonglou Investment Construction — Series B
- Mingshan Capital — Series B
- Honest Capital (https://capitalatlas.ai/funds/honest-capital) — Series B
- Jiangyin Xinguolian Venture Capital (https://capitalatlas.ai/funds/jiangyin-xinguolian-venture-capital) — Series B
- Jiangsu Pingling Construction Investment Group — Series B
- Minsheng Equity Investment (https://capitalatlas.ai/funds/minsheng-equity-investment) — Series B
- Fengquanyu — Series B
- Sungrow (https://capitalatlas.ai/funds/sungrow) — Series C