The newly formed Boyuan Capital will make deep technology investments in China for Robert Bosch Venture Capital and has enrolled Wuxi Weifu High-Technology as a backer.
Robert Bosch Venture Capital (RBVC), the corporate venture capital arm of Germany-headquartered industrial technology producer Robert Bosch, launched a RMB1bn ($155m) China-based investment vehicle yesterday.
Boyuan Capital will be located in the city of Shanghai and will provide funding for deep technology developers. It will be headed by RBVC investment partner Hongquan Jiang as chairman and managing director.
The RMB1bn figure represents the targeted close for Boyuan Capital’s first fund, Bosch China RMB Growth Fund I, which is also backed…
