In May 2021, Newmat (Beijing) Environmental Materials Technology Co., Ltd. completed a round A financing of more than 50 million yuan, and the investor was Chengwei Capital.

Founded in 1999, Chengwei Capital is an early evergreen equity investment institution in China, being an industrial investment fund based on supporting entrepreneurs and entrepreneurs and helping them realize enterprise value. The investment direction of Chengwei Capital involves enterprise software, consumer Internet, industrial Internet, advanced manufacturing and new materials, chip design, and medical health. Investment cases include: Sungrow Power, ACC Technologies, Youku, Hanting, Sunny Optics, Zhijing Technology (Baibu), Ruigu Shop, AInnovation, XAG, etc.