# JJC TEC

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/jjc-tec

- Industry: Industrial Machinery
- Headquarters: Beijing, China
- Website: www.jjcpe.com
- Latest round: Series E (Dec 27, 2023)
- Investors on record: 12

## About

Based in Beijing, China, and founded in 2009, JJC TEC is a mechanical equipment company that provides intelligent petroleum equipment. It has established partnerships with BPM, Aker Solutions, and other companies. The company has acquired ISO 9001 quality management system certification and API Q1 quality system certification. The branches were set up in Tianjin, Xinjiang, Sichuan, and other places. The company's founder and chairman of the board, Xunjun Li graduated from Tsinghua University and served as general manager of Varco China. In December 2023, JJC TEC closed a series D funding.

The company is committed to the design, manufacture, and technical services of intelligent petroleum equipment, which include hydraulic power slip handlers, hydraulic elevators, mechanical seal wash pipes, and so on. It also provides equipment repair, maintenance and technical training, drilling package system-level services, etc.

The company will use the funds for research and development investment in intelligent drilling robots and cluster systems.

## Funding rounds

- Series E, Dec 27, 2023 — China Merchants Capital, Summitview Capital, Asia Green Fund, China National Venture Capital Investment, SDIC Fund Management, Starlight Capital, Seeker Capital, Jingguo Investment Fund
- Series D, Jun 27, 2023 — Sinopec Capital, CNPC Kunlun Capital Co., Ltd.
- Series C, Mar 18, 2022 — China Merchants Capital, Hongta Securities Co, Bohai Securities
- Series B, Oct 12, 2020 — Summitview Capital

## Investors

- Summitview Capital (https://capitalatlas.ai/funds/summitview-capital) — Series B, Series E
- China Merchants Capital (https://capitalatlas.ai/funds/china-merchants-capital) — Series C, Series E
- Hongta Securities Co — Series C
- Bohai Securities — Series C
- Sinopec Capital — Series D
- CNPC Kunlun Capital Co., Ltd. — Series D
- Asia Green Fund (https://capitalatlas.ai/funds/asia-green-fund) — Series E
- China National Venture Capital Investment — Series E
- SDIC Fund Management (https://capitalatlas.ai/funds/sdic-fund-management) — Series E
- Starlight Capital (https://capitalatlas.ai/funds/starlight-capital) — Series E
- Seeker Capital (https://capitalatlas.ai/funds/seeker-capital) — Series E
- Jingguo Investment Fund — Series E