# Eacon

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

- Industry: Software
- Headquarters: China
- Website: www.eacon.com/
- Total disclosed funding: $232M
- Latest round: Series D (Aug 13, 2025)
- Investors on record: 30

## About

Based in China and founded in 2018, EACON Group Co., Ltd., trading under the name Eacon, provides autonomous mining solutions and mining digitalization software for the industrial mining technology industry. The company has established its headquarters in Shanghang County, Longyan, and built research and development bases in Beijing, Shanghai, and Zhengzhou, alongside local service bases in China and Australia. In 2023, the company established an Australian entity in Perth. The co-founder is Mr. Wutong Zhang. In July 2026, the company was listed on the Hong Kong Exchanges and Clearing Ltd (HKEX) under the ticker "7687".

The company works with mining operators to provide the ORCASTRA autonomous haulage system for surface mining operations. Its offering includes autonomous driving systems interoperable with OEM equipment, unmanned mining truck solutions, cloud-based dispatch platforms, and software for mine coordination and safety management. The company also provides hybrid electric, battery electric and retrofitted autonomy solutions for off-highway mining fleets.

The company’s revenue is generated by B2B contracts through the sale of autonomous software and hardware suites under a Customer-Provided Fleet Model, and through full life cycle turnkey haulage services under a Company-Provided Fleet Model.

The company plans to use the IPO proceeds to enhance software R&D, upgrade autonomous driving algorithms and vehicle hardware architectures, and support overseas business expansion and localization.

## Funding rounds

- Series D, Aug 13, 2025, $106M — Hony Capital, Cherish Capital, Huizhou Desay SV Automotive Co., Ltd., Huafu Securities, Richen Capital, Zhongji Investment, MinxiXinghang State-owned Investment & Operation, Bofo Fund, Huafu Capital, Shandong Guohui Asset Management Co., Ltd., Luoyang Venture Capital, Longyan Investment & Development Group, Zijin Mining, Hainan Daoyi Private Equity Investment Fund Management, Sanya Gaocheng Huabai Investment, Fujian Financial Investment
- Series D, Aug 6, 2025, $55M — FG Venture, Shaanxi Tonly Heavy Industries Co., Ltd, Huace, Yankuang Capital, Xiuzheng Capital
- Series D, Jun 24, 2025 — FG Venture, Shaanxi Tonly Heavy Industries Co., Ltd, Lieying Investment, Huace, Puquan Capital, Lochpine Capital, Zhongji Holdings
- Series C, Mar 13, 2024, $45M — MinxiXinghang State-owned Investment & Operation, Zhengzhou Hi-Tech Industrial Investment Fund, Zijin Mining
- Series C, Nov 24, 2023, $18M — Cherish Capital, Richen Capital
- Series B, Aug 3, 2021 — Eight Roads Ventures, NIO Capital, Cherish Capital, MinxiXinghang State-owned Investment & Operation Co., LTD, Zijin Mining Group Company Limited
- Series A, Feb 23, 2021 — Eight Roads Ventures, NIO Capital
- Angel, Jul 2, 2019, $8.7M — Cherish Capital

## Investors

- Cherish Capital (https://capitalatlas.ai/funds/cherish-capital) — Angel, Series B, Series C, Series D
- Eight Roads Ventures (https://capitalatlas.ai/funds/eight-roads-ventures) — Series A, Series B
- NIO Capital (https://capitalatlas.ai/funds/nio-capital) — Series A, Series B
- MinxiXinghang State-owned Investment & Operation Co., LTD — Series B
- Zijin Mining Group Company Limited — Series B
- Richen Capital (https://capitalatlas.ai/funds/richen-capital) — Series C, Series D
- MinxiXinghang State-owned Investment & Operation — Series C, Series D
- Zhengzhou Hi-Tech Industrial Investment Fund (https://capitalatlas.ai/funds/zhengzhou-hi-tech-industrial-investment-fund) — Series C
- Zijin Mining (https://capitalatlas.ai/funds/zijin-mining) — Series C, Series D
- FG Venture (https://capitalatlas.ai/funds/fg-venture) — Series D
- Shaanxi Tonly Heavy Industries Co., Ltd — Series D
- Lieying Investment (https://capitalatlas.ai/funds/lieying-investment) — Series D
- Huace — Series D
- Puquan Capital (https://capitalatlas.ai/funds/puquan-capital) — Series D
- Lochpine Capital (https://capitalatlas.ai/funds/lochpine-capital) — Series D
- Zhongji Holdings — Series D
- Yankuang Capital (https://capitalatlas.ai/funds/yankuang-capital) — Series D
- Xiuzheng Capital — Series D
- Hony Capital (https://capitalatlas.ai/funds/hony-capital) — Series D
- Huizhou Desay SV Automotive Co., Ltd. — Series D
- Huafu Securities — Series D
- Zhongji Investment (https://capitalatlas.ai/funds/zhongji-investment) — Series D
- Bofo Fund (https://capitalatlas.ai/funds/bofo-fund) — Series D
- Huafu Capital (https://capitalatlas.ai/funds/huafu-capital) — Series D
- Shandong Guohui Asset Management Co., Ltd. — Series D
- Luoyang Venture Capital (https://capitalatlas.ai/funds/luoyang-venture-capital) — Series D
- Longyan Investment & Development Group — Series D
- Hainan Daoyi Private Equity Investment Fund Management (https://capitalatlas.ai/funds/hainan-daoyi-private-equity-investment-fund-management) — Series D
- Sanya Gaocheng Huabai Investment — Series D
- Fujian Financial Investment (https://capitalatlas.ai/funds/fujian-financial-investment) — Series D