# Invotech

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

- Industry: Heating, Cooling & Ventilation Equipment and Services
- Headquarters: Changshu, China
- Website: www.invotech.cn
- Total disclosed funding: $15M
- Latest round: Series B (Dec 14, 2020)
- Investors on record: 4

## About

Established in 2011 and based in Changshu, China, Invotech is a technology company that focuses on the research and development, manufacturing and sales of scroll compressors. The company has 41 patents, including 9 invention patents. The products have passed CQC, CE, UKCA, CRAA, INMETRO, RoHS & Reach and other domestic and international product certifications, and Invotech has obtained ISO9001 & ISO14001 management system certifications from TÜV. Some certificates, such as State-level High-tech Enterprises and State-level Specialized and Specialized New "Small Giant" Enterprises, have been granted to the company. In July 2023, it was listed on the Shenzhen Stock Exchange.

Relying on its own patented scroll compressor technology, the company has developed a series of heat pump hot water applications, air conditioning chiller applications, refrigeration and freezing applications, and automotive scroll compressor series products. Products within include scroll compressor for high-temperature drying, scroll compressor for medium-temperature refrigeration, scroll compressor for low-temperature freezing (with gas injection). The company's products can be used in the air conditioning field in various industries, including HVAC, heating and heat pumps, refrigeration and freezing, and thermal management systems for new energy vehicles.

The company' s revenue is CNY 448.06 million in 2022.

## Funding rounds

- Series B, Dec 14, 2020, $15M — Midea Innovation Investment, GL Ventures, Broadstream Capital
- Series A, Mar 1, 2014 — Sharelink Capital

## Investors

- Sharelink Capital (https://capitalatlas.ai/funds/sharelink-capital) — Series A
- Midea Innovation Investment (https://capitalatlas.ai/funds/midea-innovation-investment) — Series B
- GL Ventures (https://capitalatlas.ai/funds/gl-ventures) — Series B
- Broadstream Capital (https://capitalatlas.ai/funds/broadstream-capital) — Series B