天使轮项目再获IPO，九合创投王啸：持续布局电动化和智能化领域的新机会

Core Viewpoint - The article emphasizes the strategic investment approach of Jiuhui Venture Capital, focusing on "non-consensus" opportunities, particularly in the new energy commercial vehicle sector, exemplified by the successful SPAC listing of Sikich International Limited on NASDAQ as the first stock in this category in the US market [2][4]. Group 1: Company Overview - Sikich International Limited, founded at the end of 2019, is dedicated to transforming clean energy sources into renewable energy for smart commercial vehicles, aiming to build a logistics ecosystem centered around green energy [2]. - The product range of Sikich includes various models such as pure electric tractors, hybrid tractors, hydrogen-powered tractors, and plug-in hybrid autonomous dump trucks, covering applications in ports, mines, and trunk logistics, with expansion into overseas markets [2]. - Jiuhui Venture Capital was an early and significant investor in Sikich, participating in its angel round in December 2020 and continuing to support it in subsequent funding rounds [2]. Group 2: Market Trends and Investment Strategy - Jiuhui Venture Capital's founder, Wang Xiao, highlights that new energy is a crucial trend in the development of commercial vehicles, with Sikich exploring new technologies and concepts through a combination of software, hardware, and data [3]. - The investment in Sikich occurred during a period when the electrification rate of commercial vehicles in China was below 5%, indicating a significant market opportunity that Jiuhui identified ahead of others [6]. - The Chinese government's commitment to "dual carbon" goals further validated Jiuhui's investment thesis, as road transportation contributes over 80% of carbon emissions, with commercial vehicles accounting for nearly 65% of that [6]. Group 3: Investment Philosophy - Jiuhui Venture Capital maintains a philosophy of being ahead of the market, focusing on sectors such as AI, hard technology, smart manufacturing, globalization, biotechnology, and new materials, with a consistent approach to identifying opportunities before consensus forms [6][7]. - The firm has a strong emphasis on technology, with over 80% of its 300+ investments being technology-related projects since its establishment in 2011 [9]. - The underlying logic of Jiuhui's investments is centered around "computing+" as a catalyst for industrial transformation, with a focus on the structural changes brought about by advancements in computing [10]. Group 4: Future Outlook - With Sikich's successful listing, Jiuhui Venture Capital has demonstrated its capability in the new energy sector, viewing it as part of technological innovation and maintaining its evaluation criteria based on technological barriers, commercialization potential, and founder resilience [11]. - The firm continues to seek new opportunities in electrification and intelligence, planning to invest in electric tools and machinery in the future [12].