Asia Green Fund invested in Shanghai Hongyan Returnable Transit Packagings Co., Ltd Series C in November 2019. Shanghai Hongyan Returnable Transit Packagings Co., Ltd. (Horen Group) provides green recyclable packaging rental services to users through intelligent logistics packaging and digital platforms. The ethos behind the project is to allow the sharing of a large number of smart logistics packages to realize social recycling, improve efficiency, reduce operating costs, and reduce resources and material waste.
In order to improve the operational efficiency of the supply chain and reduce the cost of logistics, Horen has dedicated its R&D efforts into developing advanced IoT technologies, integrating its current logistics and packaging with mobile, cloud computing, and digital technologies. The current intelligent logistics and packaging platform provides real-time updates that allow Horen and its customers to track their packages around the world, therefore attracting users from a variety of industries, including bulk liquids, fresh produce, auto parts, and chemicals.
Union Drug
In June 2019, Asia Green Fund announced its strategic investment into Union Drug Series A, a leading Chinese technology platform that effectively connects retail pharmacies and insurance providers through its advanced service network.
The network covers more than 400 pharmaceutical companies and franchises, including 9 of the top 10 franchises across 29 provinces and regions in China. With strong connections to major domestic insurance companies, Union Drug has solved the major challenge facing PBM in China today – data chain incompletion – and brought substantial growth possibilities for business innovation and service upgrades.
Currently, Union Drug has developed a multiple end-user system for consumers, pharmacy clerks, and internal management, forming a comprehensive business support platform for the entire ecosystem and providing service to over 3 million users.
Low Carbon Environment
By the end of 2019, the company will achieve total treatment capacity over 400,000 tons per year and plans to expand beyond cement kilns-based hazardous waste incineration, to include landfill, traditional incineration, solid waste recycling, and reuse. Low Carbon Environment will continue to build its technical capabilities, expert team, and focus on resource integration, contributing to a cleaner and healthier future environment in China.
Immotor
Asia Green Fund announced its strategic investment in Shenzhen Immotor Technology Co. ("Immotor") Series B1 and B2 in January and May 2019 respectively. Immotor is a leading smart two-wheeled EV battery exchange platform committed to building a new era of “3 seconds to battery change.” In less than ten months, more than 1,200 intelligent mini power change cabinets have been placed in 18 cities providing more than 100,000 battery change services per day. The power exchange service has enabled end users to ride more than 120 million km, equivalent to 330 trips from the Earth to the Moon, while reducing the use of more than 4 million kg of lead and environmental pollution risk.
Immotor uses a super M4 battery that is small and light – only slightly larger than the iPhone X and weighs ¼ of traditional lead-acid batteries. It has an assembly of 30 batteries to be used for scooters, a plug-in life of more than 5,000 times, and can be adapted to more than 90% of the models on the market. Equipped with an original intelligent micro-processing chip, it can fully optimize the battery charge and discharge performance, ensure safety, and monitor and manage vehicle data.
Immotor’s standardized green energy system has been recognized by a number of leading retailers and is engaged in in-depth collaboration with Ele.me, Meituan, Dada and other consumer platforms.
