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Lenovo Capital and Incubator Group (LCIG)

Corporate VC

Beijing · Seed–Series B · 5 people tracked

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Investment thesis

Invests at early-stage and growth while incubating new businesses internally, directly integrating Lenovo’s global R&D, supply chain and channel resources and internal subsidiaries to accelerate portfolio companies.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Series B
HQ
Beijing, CN
Leads rounds
Follows
Instruments
Equity
Founded
2016
Tracked investments
31

Team · 5 people

from public directories

What they invest in

from 6 of 31 portfolio companies

AI & Machine Learning ×5Hardware ×3Semiconductors ×3IoT ×2Advanced Manufacturing ×1Cleantech ×1Deep Tech ×1Mobility & Transportation ×1

HQs:China×3United States×1

Investments · 31 tracked

founders shown can be your intro path
CATL (宁德时代)catl.com

Battery manufacturer (SZSE: 300750)

Co-investorsLingottoNIO CapitalLegend Capital

Industrial Nextindustrialnext.aiinSeries A

Industrial Next develops AI-powered automation solutions for factory and manufacturing environments, leveraging autonomous systems expertise from automotive and robotics backgrounds.

Advanced ManufacturingAI & Machine LearningRoboticsSan Francisco, US

Lukas Pankau(Founder)inAllen Pan(Founder)in

Co-investorsG Vision CapitalY CombinatorAlphaX PartnersKhosla VenturesMiracle Plus

MEGVII旷视科技megvii.com

Megvii (旷视) develops AI technology built on its self-developed Brain++ productivity platform (including the MegEngine deep learning framework), offering AIoT products such as facial-recognition access terminals, smart cameras, analysis boxes, and AI servers.

AI & Machine LearningDeep TechIoT

Qi Yin(Founder)inTang Wenbin(Founder)Yang Mu(Founder)Yin Qi(Founder)

Co-investorsComet LabsGGV Capital

NIOnio.comin𝕏

NIO is an electric vehicle company offering smart EV models along with battery services including charging, swapping, and upgradable batteries.

CleantechHardwareMobility & Transportation

William Li(Founder)inWilliam Li Bin(Founder)

Co-investorsCapital Q® Ventures Inc.Hundreds CapitalPrimavera Venture Management LimitedShunwei CapitalHongShan Capital Group

SemiDrivesemidrive.com

SemiDrive designs automotive-grade processors for intelligent vehicle cabins, integrating CPU, GPU, AI accelerators, and video processing capabilities.

AI & Machine LearningIoTSemiconductorsBeijing, CN

Co-investorsVertex Ventures ChinaMatrix Partners ChinaSequoia CapitalShanghai STVC GroupVertex VenturesWalden International

中科寒武纪 (Cambricon)cambricon.comin

Cambricon designs AI chips and processors, including its Siyuan (MLU) series built on chiplet technology and the MLUarch03 architecture, spanning cloud, edge, and device deployments.

AI & Machine LearningHardwareSemiconductors

Co-investorsTusStarBosch Ventures

沐曦MetaXmetax-tech.com

MetaX (沐曦股份) designs GPU accelerator cards, GPU servers, workstations, and heterogeneous computing platforms (MXMACA) for AI and high-performance computing workloads.

AI & Machine LearningHardwareSemiconductorsShanghai, CN

Chen Weiliang(Founder)Peng Li(Founder)Yang Jian(Founder)

Co-investorsCowin Capital GroupMonolith Venture Advisory LimitedZhenFund

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Meituan DianpingSHAREit (茄子快传)SmartSens (思特威)Supcon (中控)云迹科技云迹科技 (YUNJI Technology)宁德时代寒武纪思特威旷视科技杰华特杰华特 (Joulwatt)沐曦股份浙江中控浙江中控 (Zhejiang Supcon)海光海光 (Hygon)深城交深城交 (Shenzhen Urban Transport)珠海冠宇珠海冠宇 (Zhuhai CosMX)美团芯驰科技蔚来汽车

Frequently asked questions

How many investments has Lenovo Capital and Incubator Group (LCIG) made?
Lenovo Capital and Incubator Group (LCIG) has 31 tracked investments.
What stage does Lenovo Capital and Incubator Group (LCIG) invest at?
Lenovo Capital and Incubator Group (LCIG) invests at the Seed, Series A, Series B stages.
What sectors does Lenovo Capital and Incubator Group (LCIG) focus on?
Lenovo Capital and Incubator Group (LCIG) focuses on Advanced Manufacturing, AI & Machine Learning, Deep Tech, Hardware, Robotics, SaaS, Semiconductors.
Where is Lenovo Capital and Incubator Group (LCIG) located?
Lenovo Capital and Incubator Group (LCIG) is headquartered in Beijing, CN.
Does Lenovo Capital and Incubator Group (LCIG) lead rounds?
Lenovo Capital and Incubator Group (LCIG) typically participates in rounds rather than leading them.
Who does Lenovo Capital and Incubator Group (LCIG) co-invest with?
Lenovo Capital and Incubator Group (LCIG) most often shares deals with Hundreds Capital, G Squared, Monolith Venture Advisory Limited, among 17 tracked co-investors.

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