Powersite Got investment from Shenzhen Capital Group and Suzhou International Development Group

Suzhou Powersite Electric Co., LTD (Powersite) recently completed the change of registered capital from 18 million to 19.5 million yuan for the newly added investment from Shenzhen Capital Group (SCGC), Suzhou International Development Group and Changzhou Hongtu Talent Investment Partnership.

Meanwhile, the business scope of Powersite has also been changed, adding "research and development, production and sales of medical devices, as well as technology development, technology transfer, technical consulting, technical services, software development and sales in the fields of medical device technology, optoelectronics technology, electronic and electric technology". 

Previously, Powersite was mainly engaged in the research and development, production and sales of the power distribution system, high-voltage generator, the modular X-ray source, and other products and provided X-ray imaging system core components. Its products are mainly used in high-end X-ray imaging systems, such as DR, CT, mammary instrument, C-arm, CBCT, safety testing, and industrial testing.

Powersite was founded in February 2015. It is located in an industrial park in New District, Suzhou. The company is dedicated to the R&D, production and sales of products like Power Distribution Unit (PDU), High Voltage Generator (HVG) and Combined X-ray Source (Monoblock). It also offers complete solutions regarding the core components of X-ray imaging systems. Its products are mainly applied to high-end X-ray imaging systems, such as DR, CT, Mammo, C-arm, CBCT, Security Inspection, and Industrial Inspection.

Shenzhen Capital Group Co., Ltd (SCGC) is a limited venture capital company established by Shenzhen Government in 1999. SCGC has registered capital of 5.42 billion RMB and a total AUM of 338.99 billion RMB.

SCGC primarily invests in SMEs, innovative high-tech enterprises, enterprises in emerging industries, and enterprises in start-up period, growth period and in transformation, covering industries including IT, internet, new media, biopharma, new energy, environmental protection, chemical engineering, new material, high-end equipment manufacturing, consumption goods, modern service, etc. 

Founded in May 2008, Suzhou International Development Group has a registered capital of 3.8 billion yuan and manages more than 60 funds. It has formed four business segments, including equity investment, asset management, debt financing, and real estate investment.