# Shanghai TongYi Electric Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shanghai-tongyi-electric

- Industry: Hardware
- Headquarters: Shanghai, China
- Website: www.tyzdh.com.cn
- Latest round: Series B (Mar 3, 2017)
- Investors on record: 3

## About

Shanghai TongYi Electric Corporation specializes in developing industrial control systems and drive solutions, focusing on enhancing automation efficiency across various sectors, predominantly in manufacturing and logistics.Founded in 2014, Shanghai TongYi Electric Corporation is involved in creating advanced industrial automation technologies, including AGV steering wheels and servo motors. The company is headquartered in Shanghai, China. Hegang Dong serves as both the founder and CEO, leading the firm through its strategic initiatives. The firm has completed 2 deals, with a recent funding event on March 3, 2017, involving Series B funding from new investors Shanghai Long Capital and Future Capital, along with returning investor Step Venture Capital.Shanghai Tongyi Electric Corporation develops industrial control systems and drive solutions, focusing on AGV steering wheels, drive wheels, servo motors, and low-voltage servo drivers. These products enhance operational efficiency in manufacturing, logistics, and warehousing sectors, addressing automation requirements and improving productivity while reducing labor costs. Their offerings cater primarily to the Chinese market while showing potential for future international expansion.The revenue model of Shanghai TongYi Electric Corporation is driven by direct sales of its industrial automation products, including AGV steering and drive wheels, as well as servo motors and low-voltage servo drivers. Sales typically occur on a B2B basis through direct purchasing agreements or long-term contracts with clients, predominantly in manufacturing and logistics. While specific pricing details are not disclosed, the company likely engages in bulk orders to optimize cost-efficiency for clients.In March 2017, following a Series B funding round, Shanghai TongYi Electric Corporation plans to enhance its portfolio by developing new products focused on industrial automation solutions. They are targeting expansions into international markets to meet the growing global demand for automation technologies. The recent funding will be instrumental in supporting these product development initiatives and market expansion efforts.

## Funding rounds

- Series B, Mar 3, 2017 — Step Venture Capital, Future Capital Discovery Advisory (Hong Kong) Limited, Long Capital
- Series A, Dec 26, 2016 — Step Venture Capital

## Investors

- Step Venture Capital (https://capitalatlas.ai/funds/step-venture-capital) — Series A, Series B
- Future Capital Discovery Advisory (Hong Kong) Limited (https://capitalatlas.ai/funds/future-capital-discovery-advisory-hong-kong-limited) — Series B
- Long Capital (https://capitalatlas.ai/funds/long-capital) — Series B