# Chemeng International

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chemeng-international

- Industry: Insurance
- Headquarters: Shanghai, China
- Website: www.cars.com.cn
- Total disclosed funding: $15M
- Latest round: Series B (Oct 26, 2006)
- Investors on record: 4

## About

Chemeng International Corp specializes in engineering solutions, primarily focusing on the automotive sector, delivering innovative technologies and services that enhance operational efficiency and environmental sustainability.Chemeng International Corp operates as a significant player in the engineering sector, providing specialized automotive solutions. The company is headquartered in Shanghai, China. Founded by a team with extensive backgrounds in engineering, Chemeng has undergone various strategic pivots to adapt to evolving market demands. The latest funding round, which raised USD 25.00 mn on June 8, 2007, saw participation from notable investors including Detong Capital, Fortune Venture Investment Group, Sumitomo Corporation Equity Asia, and Walden Catalyst, contributing to a total amount raised of USD 25.00 mn.Chemeng International Corp offers a comprehensive range of engineering services tailored to the automotive industry. Their portfolio encompasses advanced engineering solutions, including product design, development, and consulting services, aimed at optimizing manufacturing processes and reducing environmental impact. The firm is committed to leveraging innovative technologies to meet the diverse needs of its clients, enabling them to improve their operational efficiencies and comply with regulatory standards.The revenue model for Chemeng International Corp is largely based on project-based contracts and service agreements with automotive manufacturers. Their business strategy includes tiered pricing structures for different service levels, catering to a wide array of clients from small automotive startups to large corporations. This approach allows the company to secure ongoing projects and foster long-term relationships within the automotive sector, contributing to a steady revenue stream.Chemeng International Corp aims to enhance its product offerings by introducing new automotive engineering solutions designed to meet the growing demand for electric and hybrid vehicles. The company plans to expand its market presence in Southeast Asia and Europe by 2025, targeting specific countries such as Vietnam and Germany. The recent funding round of USD 25.00 mn will be utilized to support the development of these new products and facilitate market entry strategies in the identified regions.

## Funding rounds

- Series B, Oct 26, 2006, $13M — Fortune Venture Investment Group, Walden Catalyst, Detong Capital, Sumitomo Corporation Equity Asia
- Series A, Dec 1, 2005, $2M — Fortune Venture Investment Group, Walden Catalyst

## Investors

- Fortune Venture Investment Group (https://capitalatlas.ai/funds/fortune-venture-investment-group) — Series A, Series B
- Walden Catalyst (https://capitalatlas.ai/funds/walden-catalyst) — Series A, Series B
- Detong Capital (https://capitalatlas.ai/funds/detong-capital) — Series B
- Sumitomo Corporation Equity Asia (https://capitalatlas.ai/funds/sumitomo-corporation-equity-asia) — Series B