# Ningbo HS-Power Drive Technology Co

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ningbo-hs-power-drive-technology-co

- Industry: Hardware
- Headquarters: Ningbo, China
- Website: www.hs-powerdrive.com
- Total disclosed funding: $14M
- Latest round: Series A (Oct 14, 2024)
- Investors on record: 6

## About

Based in Ningbo, China, and founded in 2017, NingBo HS-Power Drive Technology Co, Ltd is a robot joint reducer developer, focusing on the research and development, design and manufacturing of robot precision joint reducers. The company’s chairman and CTO, Zhengfu Fan, graduated from Harbin Institute of Technology and University of Oklahoma. The co-founder as well as the CEO, Qiu Jin, graduated from The University of Chicago and the University of Pittsburgh and worked at Pantone, Pemstar, Huatai Automobile Group and other companies. It also has cooperated with Turin, Moka and other companies. In 2023, the company has acquired High-Tech Enterprise Certificates.  In October 2024, it closed a series A funding.

The company has core transmission patent technology and has developed seven series of products which are M, D, C, A, K, S, and P. The M series includes models such as M25, M42, and M60. The A series includes models such as A25H, A25B, and A32H. These products can be used as provide robot joints. The company has an annual production capacity of 80,000 to 100,000 units (sets).

The company generates revenue by selling robot precision joint reducers.

The company will use the series A funding for the development and mass production of a new generation of precision reducer products.

## Funding rounds

- Series A, Oct 14, 2024, $14M — Hongtai Aplus
- Series A, Nov 1, 2018 — BlueRun Ventures, Yunqi Partners, Ruiqi Investment, Stargeek Capital, Wensu Investment

## Investors

- BlueRun Ventures (https://capitalatlas.ai/funds/bluerun-ventures) — Series A
- Yunqi Partners (https://capitalatlas.ai/funds/yunqi-partners) — Series A
- Ruiqi Investment — Series A
- Stargeek Capital — Series A
- Wensu Investment — Series A
- Hongtai Aplus (https://capitalatlas.ai/funds/hongtai-aplus) — Series A