Anhui's startup ecosystem is heavily concentrated in advanced manufacturing and deep technology. The region is a hub for companies tackling complex challenges in hardware, energy, and mobility.
Semiconductor manufacturer ChangXin Memory Technologies has attracted significant investment with CN¥34.3B in funding. Other notable companies include Huasun Energy, which raised CN¥4.4B for its solar technology.
Below is our list of 11 Anhui startups worth keeping an eye on.
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Get the Sheet for $50Zero Gravity Aircraft Industry develops and manufactures electric vertical take-off and landing (eVTOL) aircraft for China's low-altitude economy. Their team is focused on a six-seater, tilt-rotor vehicle designed to advance urban air mobility.
| Year Founded | 2021 |
| Founders | — |
| Funding Amount | CN¥510M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Series A |
| Top Investors | Yancheng Huanghai Huichuang Ketai Low-altitude Economic Industry Investment Fund Partnership, Lenovo Capital and Incubator Group (LCIG), Hefei High-tech VC, Guohua Capital, ChiFortune Venture |
Windrose Technology develops a next-generation platform for zero-emissions and intelligent heavy-duty trucks. Their vehicles are engineered to decarbonize the commercial freight industry by providing a sustainable and high-performance alternative to traditional trucks.
| Year Founded | 2022 |
| Founders | Wen Han, William Cheng |
| Funding Amount | $110M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series B |
| Top Investors | Goodman, HSBC Bank, HITE Hedge Asset Management |
Huasun Energy manufactures high-efficiency silicon heterojunction (HJT) solar cells and components. They specialize in the research, development, and large-scale production of this advanced photovoltaic technology.
| Year Founded | 2020 |
| Founders | — |
| Funding Amount | CN¥4.4B |
| Startup Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series C |
| Top Investors | Bank of China, Hidden Hill Capital, CITIC Capital Holdings, China Post, Advantage Capital |
Pulnovo Medical builds specialized medical devices to treat pulmonary artery hypertension, a severe cardiopulmonary disease. They offer new therapeutic options through their technology, aiming to improve outcomes for patients with this condition.
| Year Founded | 2013 |
| Founders | Jia Lian |
| Funding Amount | $115.5M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Venture Round |
| Top Investors | OrbiMed, EQT, Qiming Venture Partners, Lilly Asia Ventures, Gaorong Capital |
ChangXin Memory Technologies produces dynamic random-access memory (DRAM) chips for a wide range of electronic devices. As a major domestic producer, their focus is on strengthening China's semiconductor supply chain.
| Year Founded | 2016 |
| Founders | — |
| Funding Amount | CN¥34.3B |
| Startup Size | Enterprise Organization (5,001+) |
| Last Funding Status | Venture Round |
| Top Investors | Alibaba Group, Tencent, Walden International, China Integrated Circuit Industry Investment Fund (CICF), Greater Bay Area Homeland Development Fund |
Origin Quantum builds full-stack quantum computing systems, from the underlying hardware up to the operating software. They make this technology accessible to customers via a proprietary quantum computing cloud platform.
| Year Founded | 2017 |
| Founders | Guang-can Guo, Guo-ping Guo |
| Funding Amount | CN¥1B |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Venture Round |
| Top Investors | Shenzhen Capital Group, CICC, Meridian Capital Asia, CITIC Securities, BOC Capital |
Hasten brings new medicines to market through an integrated biopharmaceutical model. The company handles the entire product journey, from research and development to manufacturing and commercialization.
| Year Founded | 2020 |
| Founders | — |
| Funding Amount | $315M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Mubadala, C-Bridge Capital |
Chinac.com operates a cloud computing infrastructure platform for the Chinese market, along with providing IT solutions and outsourcing services. They work with enterprises on projects ranging from cloud data services and software development to strategic IT consulting.
| Year Founded | 2010 |
| Founders | Xu Guangbin |
| Funding Amount | $378.6M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Series E |
| Top Investors | Intel Capital, Lotus Lake Ventures, Haitong Capital, GF Securities, Orient Securities Capital Investment |
Weidu Technology provides a suite of automotive components, from body design and interiors to complete powertrain systems. The team specializes in producing a fully redundant wire-control chassis, a critical system for safe and reliable vehicle operation.
| Year Founded | 2022 |
| Founders | — |
| Funding Amount | $138.8M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Series B |
| Top Investors | HSBC, GSR United Capital, Yunqi Partners, Goodman, Hefei Innovation Investment |
Sungrow New Energy builds a digital platform for the operation and maintenance of new energy power plants. Their iSolarCloud system offers intelligent management and monitoring for renewable energy assets like solar and wind farms.
| Year Founded | 2014 |
| Founders | — |
| Funding Amount | CN¥847M |
| Startup Size | — |
| Last Funding Status | Secondary Market |
| Top Investors | CCB Investments, ICBC Investment, Anhui Tieji Xinneng Equity Investment, Zhejiang Fuzhe Fuchuang Equity Investment |
1 Additional Anhui Startup Worth Following
Our top ten picks offer just a glimpse into the work happening in Anhui. The region's startup scene is much broader, with founders building companies across many different industries.
This includes ventures in the media space that are securing their first major rounds of funding. The company below is another one to watch as part of Anhui's growing startup community.