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Zhengyang Technology

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Chinese manufacturer of power, garden, and cordless tools.

ChinaFounded 2004Energy
Valuation $100–500M Latest valuation · 2026
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Zhengyang Technology

Zhengyang Technology Co., Ltd. is a manufacturer of power tools based in Yongkang City, Zhejiang, China, an area recognized as a major hub for power tool manufacturing. Founded in 1985, the company has grown from a small operation into a significant industry player with over 1,000 employees and an annual production capacity exceeding 6 million units. The company's chairman is Hu Feipeng. The firm's business model is vertically integrated, with capabilities spanning research and development, design, manufacturing, sales, and after-sales service. Zhengyang Technology serves a global market, with strategic partnerships with numerous DIY stores, distributors, and brands across 60 countries. Its export value has reached 70 million USD. The company's brand, PIGEON, has gained significant recognition both domestically and internationally. Zhengyang Technology operates as an OEM/ODM, producing tools according to customer specifications, and also markets its own brands, including PIGEON, CYC, and SUPRAONE. The product portfolio is extensive, featuring over 100 varieties across several categories: AC handheld tools, AC desktop tools, and Li-ion cordless tools. Specific products include miter saws, angle grinders, impact drills, table saws, and since 2019, massage guns for the fitness sector. The company emphasizes in-house production, with automated lines for motors and digitalized production for aluminum die-casting. A substantial focus is placed on R&D, with an investment that reached 6% of total sales in 2022. The company maintains a team of over 50 R&D engineers led by Chief Engineer Xu Feihao and has established provincial-level research institutes and a CNAS-accredited national laboratory. This commitment to research has resulted in over 200 patents, including 29 invention patents. Keywords: Power tool manufacturer, garden tools, cordless tools, PIGEON brand, CYC, SUPRAONE, Zhejiang, Yongkang, OEM, ODM, electric drill, angle grinder, miter saw, table saw, lithium-ion tools, massage gun, Chinese hardware, tool manufacturing, industrial tools, DIY tools, handheld power tools, desktop power tools, motor manufacturing, aluminum die-casting, tool exporter, Hu Feipeng, hardware fair

Source: Dealroom company data

At a glance

Status
Operational
Founded
2004
Headquarters
China
Employees
9
Open positions
None listed
Dealroom signal
22.3/100
Industry
Energy
Sector
Energy
Business model
Manufacturing
Client focus
b2b

Latest news

Press, funding announcements and product moves mentioning Zhengyang Technology.

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Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VCEquity / VC May 2026 $28M $371M Jackery · Hanhai Qianli · BAIC Capital · Midea Capital
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Growth signals

Zhengyang Technology website traffic

Latest recorded traffic for Zhengyang Technology is 2.4K monthly website visits.

Latest monthly visits2.4K
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Investors

4 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series B and later4 investors entered at this stage

  • Jackery
  • Hanhai Qianli
  • BAIC Capital
  • Midea Capital
Employees 9 total headcount
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇨🇳 China HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Zhengyang Technology on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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