About GLy Capital
GLy Capital is a venture capital firm founded in 2017. It is primarily based out of Hong Kong, China. As of Nov 2022, GLy Capital has invested in 4 companies. It primarily invests in Series C round in United States based startups. Its investments are spread across a wide range of sectors from High Tech to Environment Tech and Transportation and Logistics Tech. Most recently it participated in the $***** Series E round of Volocopter Overall, GLy Capital portfolio has seen 2 unicorns and 1 acquisition, namely Volocopter, Ascend Elements and Vayyar. A lot of funds co-invest with GLy Capital, with names like Neom sharing a substantial percentage of its portfolio. GLy Capital has team of 8 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series E, Series C & 1 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
GLy Capital's List of All Investments
GLy Capital has a portfolio of 4 companies, including 2 unicorns. Their most notable investments are in Ascend Elements and FreeWire.Their portfolio spans across United States, Germany and Israel. They have invested in High Tech, Environment Tech, Transportation and Logistics Tech and 8 other sectors, across stages such as Series E, Series C and 1 more. Here is the list of all investments by GLy Capital:1. Volocopter
Provider of electric vertical takeoff and landing passenger transport aircraft. The battery-powered vehicles provide aerial transit for passengers and emergency medical transport. The aircraft utilize vertical takeoff and landing capabilities to bypass ground traffic congestion. An artificial intelligence platform manages fleet operations and urban integration for these transport systems.
Key facts about Volocopter
Manufacturer of engineered materials from recycled lithium-ion batteries and battery scrap. The company utilizes a direct precursor synthesis process to transform discarded batteries and manufacturing scrap into active cathode battery material. This process recovers critical elements for reuse in lithium-ion battery manufacturing. The company provides logistics, material-tracking, and customer support services.
Key facts about Ascend Elements
- Founded Year: 2015
- Location: Westborough (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $1.1B
- Employee Count: 130 as on Aug 31, 2026
- Investors: Temasek, Fifth Wall and 31 Others
- Latest Funding Round: Grant (prize money), Feb 27, 2025, $*****
- Highlight: Editors' Pick
3. Vayyar
Developer of 4D imaging sensors for cancer detection and other devices. It offers a hand-held screening device that generates high-resolution 3D images that detect breast cancer by using radio frequency technology. Also, it develops touchless fall detection for seniors. It provides various products for multiple industries such as retail, public safety, robotics, and smart buildings.
Key facts about Vayyar
- Founded Year: 2011
- Location: Yehud (Israel)
- Annual Revenue: £0 - £1M as on Mar 31, 2023
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $296M
- Employee Count: 110 as on Aug 31, 2026
- Investors: Celesta Capital, Claltech and 17 Others
- Latest Funding Round: Series E, Jun 06, 2022, $*****
- Highlight: Editors' Pick
4. FreeWire
Developer of electric-vehicle charging solutions. It develops various products like boost chargers and offers a battery-integrated electric vehicle charger with features like ease of integration, battery, capacity, etc. It offers portable plugin charging solutions for electric vehicles with features like dual plugs and integrates with a software platform for energy and asset management.
Key facts about FreeWire
- Founded Year: 2014
- Location: Newark (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $260M
- Employee Count: 57 as on Aug 20, 2025
- Investors: BP Ventures, Octave Ventures and 34 Others
- Latest Funding Round: Series D, Nov 06, 2023, $*****
- Highlight: Editors' Pick
GLy Capital's Year-on-Year Investment Trends
Its most recent first time investment was in Volocopter.GLy Capital's Investments by Stage
GLy Capital has made 2 investments in Series E stage with an average round size of $145M, 1 investment in Series C stage with an average round size of $200M and 1 investment in Series D stage with an average round size of $125M.Stage of entry | No. of Investments |
|---|---|
Series E | 2 |
Series C | 1 |
Series D | 1 |
Note: We have considered here, only first round of investments
GLy Capital's Investments by Sector
GLy Capital has a diverse portfolio, with companies operating in the High Tech, Energy Tech, Environment Tech, Sustainability Tech and Auto Tech. Notably, it has invested in 4 Enterprise (B2B) companies, 4 Tech companies, 4 Tech hardware companies and at least 2 companies focusing on Software.Sector | No. of Investments |
|---|---|
High Tech | 4 |
Energy Tech | 3 |
Environment Tech | 3 |
Sustainability Tech | 3 |
Auto Tech | 2 |
Others | 9 |
Note: We have considered here, only first round of investments
GLy Capital's Investments by Geography
GLy Capital has made most investments in United States (2), followed by Germany where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 2 |
Germany | 1 |
Israel | 1 |
Note: We have considered here, only first round of investments
GLy Capital's recent investments
GLy Capital has not made any investment in 2026 so far.Here are the most recent investments by GLy Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 01, 2022 | Germany | Series E | 9567 | [+1] | |
Oct 26, 2022 | United States | Series C | 8767 | [+12] | |
Jun 06, 2022 | Israel | Series E | 9976 | ||
Apr 27, 2022 | United States | Series D | 4686 | [+4] |
Unicorns in GLy Capital's Portfolio
GLy Capital has 2 unicorns in its portfolio - Ascend Elements and Vayyar. The most recent unicorn in their portfolio is Ascend Elements. It became a unicorn in 2023.Here is a list of unicorns in GLy Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
59 | Manufacturer of engineered materials from recycled lithium-ion batteries and battery scrap | 2015 | Westborough | Series D | yjtvuox | ||
55 | Developer of 4D imaging sensors for cancer detection and other devices | 2011 | Yehud | Series E | {agcfhg |
Acquired companies in GLy Capital's Portfolio
1 company from GLy Capital's portfolio has been acquired. The most recent acquisition was Volocopter in Mar 2025 by Wanfeng Group for $*****.Here are GLy Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 14, 2025 | Nov 01, 2022 | Series E | 7701 |
Team profile of GLy Capital
GLy Capital has a team of 8 members including 2 Partners located in China. GLy Capital's team does not sit on the board of any company as of now.Co-investors of GLy Capital
Over the past 4 years, 90 investors have co-invested in GLy Capital's portfolio companies. This includes funds and angels.
- Invested before GLy Capital: Mitsui Sumitomo Insurance, TransLink Capital and 56 others have invested in rounds before GLy Capital. There is 1 company where Mitsui Sumitomo Insurance has invested before GLy Capital and 1 company where TransLink Capital has invested before GLy Capital.
- Top Co-investors of GLy Capital: 18 investors entered a company along with GLy Capital. These include investors like Neom (1 company).
- Invested after GLy Capital: A total of 14 investors have invested in GLy Capital's portfolio after their investments. Top Investors include SEKISUI CHEMICAL (1 company), BlackRock (1 company) and Temasek (1 company).
Recent News related to GLy Capital
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China’s Robotera raises $140m to advance embodied AI modelTech in Asia•Nov 21, 2025•ROBOTERA, GLy Capital, Alibaba, BAIC and 3 others
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Yushu Robotics secures over $10B valuation in Series C funding led by China Mobile, Tencent, Alibaba, and others.
Ithome•Jun 19, 2025•Unitree, Tencent, , Alibaba and 2 others
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Geely's Farizon Auto Seeking $300 Million Before US IPO, Sources SayFinancial Post•Mar 24, 2023•Geely Holding Group, CITIC Securities, GLy Capital
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NEOM invests $175m in hi-tech Volocopter air taxisArabian Business•Nov 02, 2022•Neom, Volocopter, GLy Capital, WP Investment
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Volocopter increases by another 182 million eurosBusiness Insider Deutschland•Nov 01, 2022•Volocopter, GLy Capital, Neom, BtoV and 5 others
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Germany-based Volocopter raises an additional USD 182 million in Series EVcbay News•Nov 01, 2022•Volocopter, GLy Capital, Neom
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Ascend Elements Secures $300 Million in FundingPR Newswire•Oct 26, 2022•Ascend Elements, Fifth Wall, SK Eco Plant, SK and 13 others
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Hidden Hill Capital leads $300m funding in Geely-owned NEV brand Farizon AutoShareandstocks•Oct 26, 2022•Hidden Hill Capital, Geely, Geely Holding Group, GLP and 7 others
