# Hangzhou Hexing Electrical Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hangzhou-hexing-electrical-co

- Industry: Power & Utilities
- Headquarters: Hangzhou, China
- Website: www.electric.hxgroup.com
- Total disclosed funding: $46M
- Latest round: Series C (Mar 30, 2012)
- Investors on record: 4

## About

Established in 1992 and based in Hangzhou, China, Hangzhou Hexing Electrical Co., Ltd operates as a smart grid solution provider that mainly provides smart products and power distribution solutions. It has branches in Nanjing, Brazil, Indonesia, South Africa, etc. In March 2012, the company raised CNY 36.66 million in series C funding from new investor Haibang Venture. In November 2016, Hexing Electrical was listed on the Shanghai Stock Exchange.

The company mainly provides smart products and power distribution solutions. The products include IEC (International Electrotechnical Commission) Meters, ANSI (American National Standards Institute) Meters (Round), and Distribution Grid Primary Equipment. The solutions include smart metering AMI, user information and billing, power sales management, trading platform, and smart power distribution management.

The company generates revenue by providing smart products and power distribution solutions.

## Funding rounds

- Series C, Mar 30, 2012, $5.8M — Haibang Venture
- Series B, Jan 29, 2012, $6.3M — Cybernaut Investment Group
- Series A, Dec 28, 2011, $33M — Qiming Venture Partners, ZJVC Venture Capital

## Investors

- Qiming Venture Partners (https://capitalatlas.ai/funds/qiming-venture-partners) — Series A
- ZJVC Venture Capital (https://capitalatlas.ai/funds/zjvc-venture-capital) — Series A
- Cybernaut Investment Group (https://capitalatlas.ai/funds/cybernaut-investment-group) — Series B
- Haibang Venture — Series C