Hony Capital-backed Beyond Ventures joins $10m round of HK’s ePropulsion

Electric Potential Energy (Photo: Internet Archive)

Hong Kong-based Beyond Ventures has partnered with Brizan Investments to jointly invest $10 million into ePropulsion Innovation, a  provider of electric propulsion kits, according to the fund’s announcement.

Founded by four entrepreneurs at Hong Kong University of Science and Technology (HKUST), ePropulsion makes environment-friendly electric propulsion kits for water sports enthusiasts. It already sells in more than 30 markets in Europe, the US, Australia and Asia.

Hong Kong-based ePropulsion is a provider of sustainable marine products such as electric outboard motors, water sports equipment and underwater drones with office and factory premises in Hong Kong, Shenzhen and Dongguan.

ePropulsion CEO Danny Tao said: “Visuals and data captured by our newly-launched underwater drone will transform the world’s understanding of our oceans, while delivering insights into issues such as fish populations, acidification and climate change.”

“We believe the capital and expertise provided by Beyond Ventures and Brizan Investments will help ePropulsion expand and become a truly global brand,” Beyond Ventures Co-Founder and Managing Partner Lap Man said.

Beyond Ventures is a new venture capital fund backed by China’s Hony Capital which manages more than US$10 billion in assets. It is the only venture capital fund focusing solely on Hong Kong, aims to help star-ups grow and extend their business networks throughout and beyond Hong Kong.

Also Read:

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.