Puquan Capital
溥泉资本
Puquan Capital (溥泉资本) is a corporate venture capital fund tied to CATL, the battery giant, operating as an off-balance-sheet CVC vehicle for the Ningde system . Its backers include Xiamen and Ordos state-owned capital, CATL-related entities, and the National Green Development Fund . In June 2025 it co-led an 1.1 billion RMB round in humanoid-robot startup Galaxy Universal alongside CATL itself , and elsewhere's corpus also notes it as an investor in DeepSeek . The fund appears to channel CATL's strategic bets into AI and advanced hardware.
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Coverage
The DeepSeek Financing Story
"The world was always meant to be this way."
They Talk, We Create | Quarterly
The evening breeze of a summer night is the sound of the future rushing in.
CATL Leads Galaxy Universal's New 1.1 Billion Yuan Funding Round | BlueRun Ventures Portfolio
Achieve industrial breakthroughs with unwavering determination
MaHui | Galaxy Universal Announces New Funding Round of 1.1 Billion RMB
Galaxy Universal has made significant progress in scaling robot deployments across smart retail, industrial, and healthcare and elderly care scenarios.
