# Newonder Special Electric Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/newonder-special-electric-co

- Industry: Industrial Machinery
- Headquarters: Beijing, China
- Website: www.xinhuadu.com
- Total disclosed funding: $40M
- Latest round: Series C (Dec 1, 2014)
- Investors on record: 3

## About

Based in Beijing, China, and founded in 1985, Newonder Special Electric Co., Ltd operates as a converter transformer developer engaged in the research and development, production and sales of special transformers. As of 2022, the company has obtained more than 100 patents, including more than 30 invention patents. In 2019, the company passed the energy management system certification. In 2016, the company was listed on the New Third Board, with stock code 837503. In 2015, its R&D and production base started construction in Yizhuang. The company has established strategic partnerships with AB, Emerson, Hitachi, and other companies.

The company's products can be categorized into a series of transformers and reactors. Its converter transformer for variable frequency speed regulation can be applied in thermal power generation, metallurgical industry, petrochemical industry, cement manufacturing, and other fields. It contains features such as high efficiency, high power factor and power saving. Its products are sold to more than 20 overseas countries.

## Funding rounds

- Series C, Dec 1, 2014, $12M — CAS Investment Management
- Series B, Aug 1, 2013, $13M — CAS Investment Management
- Series A, Dec 27, 2010, $14M — China Science & Merchants Capital Management, Future Bright Capital

## Investors

- China Science & Merchants Capital Management (https://capitalatlas.ai/funds/china-science-merchants-capital-management) — Series A
- Future Bright Capital (https://capitalatlas.ai/funds/future-bright-capital) — Series A
- CAS Investment Management (https://capitalatlas.ai/funds/cas-investment-management) — Series B, Series C