Today, we at QYH are excited to announce that we have completed our Pre Series-A round of funding with Vickers Venture Partners. As part of our long-term strategy to provide solutions to the quickly growing voluntary carbon market, QYH will continue to develop nature-based carbon offset projects while taking the lead in pioneering blockchain-based technologies. These innovations will facilitate the scaling of voluntary carbon market, contributing to China’s 3060 dual-carbon targets, and delivering reliable and high-quality carbon offset solutions and services to global companies.
We are thrilled to have Vickers join us and share in our vision of leveraging the voluntary carbon market and digital innovation to mitigate the effects of climate change and achieve carbon neutrality. Heading into 2023 and beyond, we look forward to the positive impact we can generate together as we create new forms of value in an increasingly decarbonized, decentralized, and digitalized world.
Nowadays, humans are facing the crisis of global warming, with a continuous rise in disasters caused by extreme weather events each year. These events are impacting our living environments and economic development. Addressing this crisis requires both developed and developing countries to shoulder a common but differentiated responsibility, which is also one of the key themes of COP27. During the era of the Kyoto Protocol, carbon trading has already proven to be an effective mechanism in mitigating carbon emissions. It also has the potential to address regional development disparities. We firmly believe that participating in carbon markets can help reduce carbon dioxide emissions while attributing to UN’s Sustainability Development Goals.
Beijing Qianyuhui International Environmental Investment Co., Ltd. (QYH) was founded in 2014 with a mission to provide solutions addressing global climate change. The company has been dedicated to researching and exploring voluntary carbon market mechanisms that align with international standards and Chinese characteristics. QYH has also been advancing ESG (Environmental, Social, Governance) principles and sustainable development models. QYH boasts a professional international technical and business team and has been actively engaged in the international carbon market since 2016. Over time, the company has gradually established a global sales network, accumulating extensive experience and customer resources.
Chairman of the company, HAO Xuanzheng, stated,
“Realizing environmental values has always been my entrepreneurial aspiration. I hope that through our unwavering dedication and active engagement in carbon trading mechanisms, we can collectively contribute to achieving global carbon neutrality. Additionally, we will keep providing emission-intensive companies with trustworthy and credible carbon offset solutions, while also supporting the development of forestry and grassland carbon offsets in rural areas of China through carbon trading funds.
In the future, we will continue to pioneer NBS projects in China, champion China’s environmental values and accomplishments, and collaborate with the international community to fulfill the emission reduction objectives outlined in the Paris Agreement.”
The CEO of the company, LIN Yuyang, stated,
“Although the voluntary carbon market has been in development for 17 years, and has become an internationally recognized trading mechanism for environmental assets, there is still a need for innovations to enhance market efficiency and transparency. I believe that blockchain technology will bring new opportunities. We have been conducting research and exploration in this area for several years now. Earlier this year, we collaborated with UNEP to publish multiple reports on the subject. I would also like to take this opportunity to express my appreciation to Professor Yang Dong, the Director of the School of Interdisciplinary Studies at Renmin University of China, for his continued academic mentorship.
This investment will propel us into the next stage of development, enabling us to complete a practical blockchain-based carbon market solution.”
Over the past 5 years, QYH has actively engaged in the development of various Chinese forestry carbon projects. Not only assisted project owners in China to gain additional revenues via carbon credit but has also contributed to coordinated development of ecology and economy and forestry targeted poverty alleviation in remote areas.
QYH is a member of domestic and international organizations such as IETA, United Nations Climate Chain Alliance, European Union Trusted International Blockchain Application Association, Global Energy Internet Cooperation and Development Organization and China Energy Conservation Association. The company’s core team consists of carbon market industry experts with post-graduate, masters’ and PhD degrees and possesses a technical team specialized in nature-based carbon sink measurement and project development. QYH regularly participates in seminars and forums with domestic academic institutions, as well as international organizations such as the World Bank and the United Nations Environment Programme.
Vickers Venture Partners was founded by Dr Finian Tan together with his co-founders Dr Khalil Binebine, Dr Jeffrey Chi, Dr Damian Tan, Linda Li and Raymond Kong in 2005. The partners’ track records include investments such as Baidu.com, Inc, Focus Media Holding Ltd, Kongzhong Corp, Cambridge Real Estate Investment Trust, Sunfun Info Co., Asian Food Channel, UUCUN, TWG Tea, RTG Asia, JJE, Hillstone, M-Daq and Mainspring. They primarily focuse on early-stage investments in the Asia-Pacific and global markets.
Their investment activity focus on life sciences, artificial intelligence, renewable energy, online education, and various other sectors, with a particular focus on technology-driven startups. Leveraging their keen market insights, accurate trend predictions, and strong ability to integrate upstream and downstream resources, Vickers has invested in numerous outstanding projects, achieving high investment returns and a strong market reputation.
Vickers has established a global presence with a total of five offices in China, Southeast Asia, and the United States. Over 13 years of development, Vickers has successfully raised and managed five US dollar funds and one CNY fund, with a total fundraising size of approximately $400 million.
This investment signifies the capital market’s growing attention to global climate risks. More financial institutions are beginning to participate in the sustainable development field, especially after China announced its 3060 Dual-Carbon Targets. Sustainable development opportunities have attracted numerous capital investments, injecting financial support into China’s ecological civilization construction, and yielding multiple returns in terms of both financial and environmental value.
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