Autonomous haulage solutions provider EACON has secured 400 million yuan ($55.8 million) in a Series D funding round led by CATL Capital, the strategic investment arm of Chinese battery giant CATL.
The round has roped in several local investment firms including FG Venture and Falcon Capital, according to a recent release. Shanghai-listed elevator components maker Jiangsu Tongli Risheng Machinery and Shenzhen-listed high-precision satellite navigation and positioning technologies provider Shanghai Huace Navigation are also among the participating investors.
The proceeds will help EACON in Australia and other overseas market expansion, per the release.
Founded in 2018, the Shanghai-based firm’s OEM-agnostic smart mining haulage technology enables fleet flexibility in both greenfield and brownfield operations. So far, the firm has deployed nearly 1, 500 autonomous trucks across more than 20 operational sites.
It counts investment firms including NIO Capital, Eight Roads Ventures, as well as Hong Kong-listed mining firm Zijin Mining Group among its backers. Previously, the firm closed its 300-million-yuan ($41.7 million) Series C++ round in March 2024.
Besides its base in Shanghai, the firm also operates research and development centres in Beijing, Shanghai and Zhengzhou, alongside service networks across China and Australia.
CHINA DEAL MONITOR
DealStreetAsia has also compiled a table listing all prominent venture capital transactions in Greater China from June 23 – 29, 2025.
Startup Headquarters Investment size (Million USD) Investment stage Lead investor(s) Other investor(s) Industry/Sector Vertical
Galbot Beijing 153 CATL, Puquan Capital China Development Bank, Beijing Robot Industry Development Investment Fund (under Shoucheng Holdings), Jiyuan Capital Business Support Services Robotics & Drones
Lanxin Computing Shenzhen 14* Pre-A, Pre-A+ Shenzhen Capital Group, Nanshan SEI Investment Yingxinggu Capital, Lenovo Capital and Incubator Group (affiliated with Legend Holdings), Global Infotech, GSR United Capital, TopoScend Capital Semiconductor N/A
Vul.ai Beijing 1.5* B+ Capital Science and Technology Development Group Cybersecurity N/A
Kuazi Guangzhou 14 B1, B2 B1: GSR Ventures, Chengfa Group, Minghui Yide, Hainan Bixin Investment, B2: Fargo Capital, Chengfa Group, SiE VC, Tsingzhi Capital Business Support Services AI and Machine Learning
AISpeech Suzhou Business Support Services AI and Machine Learning
Hualu Suzhou 1.5* Pre-A+ Anrui Xinjie Hardware N/A
Yaxin Huachuang Technology Beijing 1.5 Angel Qihang Capital Aerospace Space Tech
Everlife Biomed Beijing 1.5* A Yuanhe Capital, Tsinghua Capital Pharmaceutical Biotech
Skysys Suzhou 14 B+ Suzhou Port & Shipping Investment and Development Group, Lingang Qianyan Investment Business Support Services Robotics & Drones
Zaofu Intelligent Technology Shanghai 417.3 Ant Group, Contemporary Amperex Technology Co Ltd (CATL), Hellobike Consumer Services Ridesharing/Transport
T&L Biotechnology Beijing Strategic Investment GIG Capital Management Group Healthcare Services Biotech
OMOWAY Guangzhou 10* Seed, Angel ZhenFund, HongShan Seed Fund (previously Sequoia China Seed Fund), Hui Capital, He Tao (Individual Investor), co-founding team Consumer Products Electric/Hybrid Vehicles
Xinkong Electronic Technology Shenzhen 1.5* A BGI Co-Win Industrial Machinery N/A
Remo-Telight Changzhou Sealand Innovation Changzhou Investment Group, Changzhou Science Park, Qitai, Guojing, CJL Holdings Telecoms Space Tech
EACON Beijing 55.8 D CATL Capital FG Venture, Falcon Capital, Zhongji Holding Group, Jiangsu Tongli Risheng Machinery, Shanghai Huace Navigation Automobiles & Parts Autonomous Driving
Simcere Zaiming Pharmaceutical Haikou Taiping Medical and Health Equity Investment Fund (under China Taiping Insurance Group's investment arm) Pharmaceutical Biotech
A.D Dawning Material Nantong 27.9 HongShan (previously Sequoia Capital China), Yangtze River Industry Group, Dingfeng Investment, BaYi Space, Qushi Capital, Houxue Capital Semiconductor N/A
Grikin Beijing 41.9 China Integrated Circuit Industry Investment Fund II (Big Fund II) Materials N/A
HengDrive Shenzhen ROTAI Electronics N/A
Junyue Shangju Hotel Management Guangzhou 2.8 Angel Early Traveller Venture Capital Travel & Leisure N/A
Jingyu Yike Kunming 2.8 Angel Early Traveller Venture Capital Travel & Leisure N/A
Xinsuan Technology Shenzhen 1.5 Pre-A Cybersecurity AI and Machine Learning
TINGSN Technology Nanjing 14 B+ Efung Capital Qiming Venture Partners, Huangpu Pharmaceutical Fund Medical Devices & Equipment N/A
Sufang New Energy Technology Shenzhen 1.5 Angel+ Midas Capital Energy Storage & Batteries N/A
n820e Suzhou 14 Pre-A+ Red-Banyan Capital, Xincheng Capital Automobiles & Parts Electric/Hybrid Vehicles
Sawes Beijing CICC Capital Power & Utilities N/A
Jiayue Property Management Huizhou 2.1 Angel Early Traveller Venture Capital Real Estate Development & Operating Company Real Estate Tech
Leog Suzhou CMG-SDIC Capital Electronics N/A
ChromX Health Guangzhou Pre-A Guangzhou Digital Technology Group Medical Devices & Equipment N/A
NeuralFin AI Hong Kong 1.3* A Financial Services AI and Machine Learning
Deep Mirror Guangzhou 10* GoerTek, BYD Business Support Services AI and Machine Learning
Interstellor Human Spaceflight Technology Beijing 1.5* Angel+ Zhongtian Huifu, Befor Capital Aerospace Space Tech
MX Shenzhen 27.9 B2 Yijing Capital, Golden Ant, Guotai Junan Innovation Investment, CDH Investments, Boray Capital Business Support Services AI and Machine Learning
Z Potentials Shanghai Pre-A China Merchants Venture Capital Management, Shenzhen Capital Group 5Y Capital, Xunshang Venture Capital Business Support Services Robotics & Drones
CASBOT Beijing 14 Angel+ Lens Technology Tianjin Jiayi, SDIC Unity Capital, Henan Asset Business Support Services Robotics & Drones
Ronrey Hegang 14 Pre-A Puhua Capital, CDH Venture and Growth Capital Biotech Biotech
Lingkuai Technology Beijing 0.1* Angel Unity Ventures Business Support Services AI and Machine Learning
SeekWave Chongqing 14* B Vinno Capital, Fulhan, Fujian Capital, Hanlian Semiconductor Industry Fund Semiconductor N/A
Innogence Chengdu BCT Capital Telecoms Space Tech
Puxijing Shanghai 69.7 B+ Zhejiang Provincial Energy Group Company, Zhoushan Venture Fund, Chongqing Venture Capital, Changjiangchebai Venture Capital, Real Power Capital, Beijia Investment Materials N/A
EncoSmart Beijing 1.5* Pre-A Century Galaxy, TusStar, Wanglong Tianying Venture Capital, Grower Venture Capital, Zhongguancun Dongsheng Science & Technology Park, Dongsheng Jimen Asset Management Business Support Services Robotics & Drones
Hangrun Technology Guangzhou 14* B CICC Capital Aerospace N/A
TreatGut Shanghai 14 Jinhe Capital Biotech Biotech
Zhongke Xianglong Ningbo 14 A Shanghai Guohe Investment Ningbo Jianshi Capital, Beilun Caiju Xinzhi Business Support Services 3D Printing
Innovision Technology Suzhou CapitalBio Corporation Semiconductor N/A
Kepler Shanghai A Zhejiang Zhaofeng, Hanwei Electronics Group, Jirfine Intelligent Equipment Industrial Machinery Robotics & Drones
KoreSemi Qingdao 32.4 Hon Hai Precision Industry Semiconductor N/A
GETEC Suzhou 14* A+ Zhuji Chengxiang Investment Group Automobiles & Parts Electric/Hybrid Vehicles
Qingshen Technology Hefei Seed Hefei Zhongke Qidian Equity Investment Business Support Services AI and Machine Learning
*The company did not provide the specific size of the deal, but only a range. In such cases, we adopt the smallest number in the range, which will be “10 million yuan ($1.5 million)” if the company has announced raising “tens of millions of Chinese yuan”.
