Boyuan Capital

Boyuan Capital (博原资本) is the market-oriented investment platform Bosch Group set up in China in 2020, focused on deep tech — distinct from Bosch Ventures, the strategic CVC arm that opened its China office in 2018 and serves Bosch's own business needs. Per 暗涌Waves' December 2024 profile, Boyuan closed a RMB 500 million first close of its second fund that month (targeting RMB 1.5 billion), bringing total AUM to RMB 1.1 billion, with LPs including Weifu High-Tech, Wuxi state capital and government guidance funds alongside Bosch's cornerstone commitment — a 50% re-up rate . Its mandate covers green intelligent mobility's value chain, Chinese companies going global, and industrial AI applications; the two managing partners split the profile neatly — chairman Jiang Hongquan, a 20-plus-year auto and electronics veteran who is also a Bosch Ventures partner, and CEO Zhu Lin, who came over from Gobi Partners . The playbook leans on Bosch's industrial gravity rather than traditional M&A: Zhu Lin describes companies approaching Boyuan to spin out business units, with its first fund having led the registration round of Foton's new-energy spinoff Kawen New Energy .

Note: elsewhere's corpus also references a separate healthcare fund, BioTrack Capital (博远资本), an investor in Minghui Pharmaceutical and others — a different firm despite the similar romanization.