# NewStart

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

- Industry: Industrial Machinery
- Headquarters: Zibo, China
- Website: www.newstart.cn
- Latest round: Series A (Dec 21, 2023)
- Investors on record: 10

## About

Based in Zibo, China, and founded in 2006, NewStart operates as a manufacturer of gearboxes, specializing in precision planetary gearboxes. The company was recognized by the Ministry of Industry and Information Technology of the State as a Small Giant Enterprise. It also participated in the drafting of the national standard for testing and evaluating the return difference of precision reducers. In December 2023, NewStart closed series A+ funding.

NewStart has machining centers, turning centers as well as fully automatic CNC hobbing machines, gear shaping machines, gear grinding machines and vacuum ion nitriding technology and assembly lines, and is capable of developing precision planetary gearboxes and heavy-duty servo planetary gearboxes. The products can be used in photovoltaic equipment, lithium equipment, new energy power exchange equipment, intelligent logistics and other fields. Its clients include Suzhou Maxwell Technologies Co., Ltd., Nio Limited, Yingkou Jinchen Machinery, and other enterprises.

## Funding rounds

- Series A, Dec 21, 2023 — Jadestone Capital, Shandong Hi-speed Fund, State Power Investment Corporation, Chengdu Hurong Venture Capital Management, SDIC Fund Management, Zibo High-tech Industry Investment, Shandong New Growth Drivers Fund Management, Nuohua Capital, Changchuang Industrial Investment Fund, Orient Securities

## Investors

- Jadestone Capital (https://capitalatlas.ai/funds/jadestone-capital) — Series A
- Shandong Hi-speed Fund (https://capitalatlas.ai/funds/shandong-hi-speed-fund) — Series A
- State Power Investment Corporation — Series A
- Chengdu Hurong Venture Capital Management — Series A
- SDIC Fund Management (https://capitalatlas.ai/funds/sdic-fund-management) — Series A
- Zibo High-tech Industry Investment (https://capitalatlas.ai/funds/zibo-high-tech-industry-investment) — Series A
- Shandong New Growth Drivers Fund Management (https://capitalatlas.ai/funds/shandong-new-growth-drivers-fund-management) — Series A
- Nuohua Capital (https://capitalatlas.ai/funds/nuohua-capital) — Series A
- Changchuang Industrial Investment Fund (https://capitalatlas.ai/funds/changchuang-industrial-investment-fund) — Series A
- Orient Securities (https://capitalatlas.ai/funds/orient-securities) — Series A