Zero Zero Robotics
零零科技
Zero Zero Robotics is a Chinese hardware startup that builds palm-sized autonomous flying cameras, founded in 2014 by Stanford PhDs Wang Mengqiu and Zhang Tong . The company spent its first decade pursuing what Wang calls a "vector zero" strategy — deliberately choosing problems so difficult they deter competitors, starting with the 2016 launch of "Hover Camera" and later establishing the consumer-facing "Hover" (哈浮) brand in 2022 .
Its survival has been atypical. A four-year, roughly 200 million yuan detour into a dual-rotor drone called Falcon nearly killed the company — by 2020, cash flow hit zero and headcount halved from 140 to 70 as Wang borrowed over 30 million yuan personally . The firm rebuilt around the Hover X1 line, which exceeded $4.4 million on Indiegogo crowdfunding as of late 2024 and saw sales grow more than 5x year-over-year in the first half of that year . Wang positions the product not as a drone but as "an aerial robot for entertainment and video recording," with over 60% female users and a surprising age skew toward 40-to-80-year-olds . ZhenFund provided angel funding in 2015 and followed on in the A round .
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Accelerate the large-scale adoption and application of AI drivers.
真格基金·A New Beginning | Z News
We’re looking back on the highlights from the past month of January, and we invite you to join us in witnessing the growth of our portfolio companies and what’s new at ZhenFund.
真格基金·Zero Zero Technology's Wang Mengqiu: An Atypical 11-Year Survival Story of a Flying Camera Company | Z Talk
Choosing the right direction matters more than zero-to-one innovation.
真格基金·ZhenFund angel project "Lexiang Technology" announces completion of angel+ round, bringing total angel-round financing to nearly RMB 300 million | Z News
The proceeds from this round will go primarily toward team building and the mass production and development of the product platform.
真格基金·ZhenFund angel project "Weiming Shiguang" announces completion of strategic funding round of nearly 100 million RMB | Z News
The proceeds from this round will be used to accelerate the advancement of its diversification and globalization strategy.
真格基金·ZhenFund angel project "Yaosu Technology" announces completion of new tens of millions of yuan funding round | Z News
The proceeds from this round will be used to accelerate the construction of its organ chip, wet lab, and AI algorithm "3D-Wet-AI" closed-loop system, and to further expand international partnerships and multi-scenario commercial deployment.
真格基金·ZhenFund Angel Project "Zhaogang Group" Successfully Lists on Hong Kong Stock Exchange Main Board | Z News
Warm congratulations to Zhaogang Group!
真格基金·ZhenFund Early-Stage Portfolio Company LinkZill Closes Tens of Millions of RMB in Series A Funding | Z News
The proceeds from this round will be used to accelerate product delivery and expand into global markets.
真格基金·ZhenFund angel project "Colossal-AI" (Luchao Technology) closes new funding round | Z News
Focused on world-class large video-generation models.
真格基金·ZhenFund angel project "Lexiang Technology" announces completion of nearly RMB 200 million angel round | Z News
Valued at roughly 600 million RMB, the company is making a push into the consumer hardware arena.
真格基金·Old Wang and His Big Fish
A Decade of Evolution for Flying Cameras
真格基金·ZhenFund early-stage project "SatSense" (*Xingce Weilai*) announces completion of tens of millions of RMB in Pre-A++ round | Z News
Contributing to space-based computing infrastructure and supporting China's strength in aerospace.
真格基金·ZhenFund Angel Project "Hyde Hydrogen Energy" Announces New Strategic Investment from Aramco Ventures | Z News
Amaravati Ventures' first investment in the Asia-Pacific hydrogen energy sector.
真格基金·ZhenFund angel project **Zhongke Ruiyi** announces completion of tens of millions of RMB in Series A+ funding | Z News
The proceeds from this round will be used primarily for product R&D, clinical trials, product registration, and market expansion.
真格基金·Flexiv's strategic incubatee Noematrix Intelligence announces completion of hundreds of millions of RMB in Pre-A+ funding | Z News
Noetic Space Intelligence secured three rounds of funding within a year.
真格基金·ZhenFund early-stage portfolio company "Qbit" announces completion of $10 million B1 round | Z News
Use financial innovation to drive global growth for companies expanding overseas.
真格基金·A Flying Action Camera That Raised Over $4.4 Million on Overseas Crowdfunding | Z Talk
Within two hours of going live, the crowdfunding campaign hit one million dollars.
真格基金·ZhenFund Angel Project Horizon Robotics Successfully Lists on Hong Kong Stock Exchange Main Board | Z News
This marks ZhenFund's sixth IPO this year. Congratulations to Horizon Robotics!
真格基金·ZhenFund angel project "Luchuang Technology" announces completion of hundreds of millions of RMB in Series A++ funding | Z News
Dedicated to building world-class large-scale video generation models.
真格基金·ZhenFund angel project "MenuSifu" announces $40 million Series B funding round | Z News
MenuSifu helps Chinese restaurant brands go global.
真格基金·ZhenFund Early-Stage Project "XCharge" Successfully Lists on Nasdaq | Z News
Warm congratulations to XCharge! A new journey begins — the future is bright!
真格基金·Flexiv's strategic incubatee **Qiongche Intelligence** announces completion of hundreds of millions of RMB in Pre-A funding round | Z News
Proceeds from this round will go toward product R&D, commercial expansion, and talent recruitment.
真格基金·ZhenFund's early-stage portfolio company Infinigence AI announced the completion of a nearly 500 million yuan Series A financing round | Z News
It has raised nearly RMB 1 billion in total funding.
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