Pragma Capital

What Pragma Capital does

Pragma Capital, as represented by its operating website pragma-capital.com and the associated legal entity 杭州格量测控技术有限公司 (Hangzhou Geliang Measurement and Control Technology Co., Ltd.), operating commercially under the trade names 杭州彩神 (Hangzhou Caishen), 威格仪器 (Weige Instruments) and 威格 (Vigor), is a privately held Chinese industrial testing-equipment manufacturer headquartered in Yuhang District, Hangzhou, China, with continuous operating history dating to 1995. The firm's product platform spans motor test systems (factory end-of-line and R&D dynamometer rigs for permanent magnet synchronous motors, induction motors, NEV drive motors, and robot joint module motors), pump characteristic test controllers (VG5500 series), multi-channel high-precision power analyzers (VG3000 series), motor characteristic measurement controllers (VG5300 series), eight-in-one electrical safety testers (VG1000 series), three-phase variable-frequency power supplies, electrical parameter measuring instruments (GDW series), multi-channel temperature testers (DWC series), live winding temperature-rise testers (RDC series), and impulse-withstand / grounding-resistance insulation testers. Technology differentiation is described as centred on self-developed measurement and control IP, multi-channel precision data acquisition, and integrated test-stand engineering rather than software-defined or AI-based analytics.

Name

Pragma Capital

Legal name

杭州格量测控技术有限公司

Website

https://pragma-capital.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

1–10 employees

Short description

Privately held Chinese industrial testing-equipment manufacturer (Hangzhou Caishen / 威格仪器), founded 1995, producing motor, pump, power-analyzer and electrical-safety test instruments for Chinese manufacturers, EV OEMs, robotics suppliers, and universities.

Ownership category

akta.pro rank

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Testing Equipment Sales: Manufacture and sale of motor testing equipment, pump testing equipment, power analyzers, and integrated testing systems. One-time hardware sales with optional custom/OEM production.
2. Custom/OEM Manufacturing: Customized testing solutions and OEM orders based on specific industry requirements

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Pragma Capital (杭州彩神 / 威格仪器) designs, manufactures, and sells integrated testing and measurement systems for electric motors, water pumps, power analyzers, and motor characteristic controllers. The company offers both standard product lines (VG3000, VG5300, VG5500, VG1000, GDW, DWC, RDC series) and custom/OEM-engineered test systems, delivered with on-site engineer installation guidance and a one-year free warranty.

Product overview

Pragma Capital (杭州彩神/威格仪器) is a testing equipment manufacturer founded in 1995, specializing in motor testing systems, power analyzers, and measurement instruments. The company operates as a platform of testing solutions comprising motor test equipment (VGX series comprehensive test systems, robot joint module motor test systems), water pump test equipment (VG5500 series), power analyzers (VG3000 series multi-channel), motor characteristic control instruments (VG5300 series), safety testers (VG1000 eight-in-one), and various measurement instruments (GDW series electrical parameter testers, DWC series temperature testers, RDC series winding temperature testers, VG2605A insulation testers). The product portfolio serves new energy vehicles, robotics, industrial motors, and research institutions, with合作的客户包括清华大学, 浙江大学, 比亚迪汽车, 海尔电器, and 美的电器.

Differentiator

Problem solved

Functional benefit

Brands

• 威格仪器: Primary product brand for testing and measurement instruments including motor test equipment, power analyzers, water pump controllers, and integrated testing systems.

Products and services

• VG3000 Series Multi-channel High-precision Power Analyzer Multi-channel, multi-function, high-precision power analyzer for comprehensive electrical testing across motor and pump applications.
• VG5300 Series Motor Characteristic Controller Motor characteristic measurement and control instrument for performance testing of various motor types.
• VG5500 Series Pump Characteristic Controller Water pump characteristic measurement and control instrument for pump performance testing.
• VGX-13X-ATE Motor Factory Comprehensive Performance Test System Motor factory comprehensive performance test system for end-of-line testing in motor manufacturing.
• VGX-23X-ATE Motor Stator Comprehensive Performance Test System Motor stator comprehensive performance test system for stator quality verification and validation.
• VG1000 Eight-in-one Safety Comprehensive Tester Eight-in-one safety comprehensive tester for electrical safety compliance testing.
• HXL-3303 Three-phase Variable Frequency Power Supply Three-phase variable frequency power supply for testing applications.
• Vigor Robot Joint Module Motor Comprehensive Performance Factory Test System Robot joint module motor comprehensive performance factory test system for robot motor manufacturers.
• Vigor New Energy Electric Vehicle Drive Motor Comprehensive Test System New energy electric vehicle drive motor comprehensive test system for performance and durability testing, serving EV manufacturers and suppliers.
• Vigor Permanent Magnet Synchronous Motor Dynamometer Comprehensive Performance Test System Permanent magnet synchronous motor dynamometer comprehensive performance test system.
• Vigor Small and Medium Asynchronous Induction Motor Dynamometer Comprehensive Performance Test System Small and medium asynchronous induction motor dynamometer comprehensive performance test system.
• Vigor Robot Servo Motor Dynamometer Comprehensive Performance Factory Test System Robot servo motor dynamometer comprehensive performance factory test system for servo motor manufacturers.
• GDW1400 Single-phase Electrical Parameter Measuring Instrument Single-phase electrical parameter measuring instrument for electrical parameter measurement applications.
• GDW1400A Single-phase Electrical Parameter Measuring Instrument Enhanced single-phase electrical parameter measuring instrument.
• GDW3001 Three-phase Electrical Parameter Measuring Instrument Three-phase electrical parameter measuring instrument for three-phase electrical system testing.
• GDW3001A Three-phase Electrical Parameter Measuring Instrument Enhanced three-phase electrical parameter measuring instrument.
• GDW1206A DC Electrical Parameter Measuring Instrument DC electrical parameter measuring instrument for DC system testing.
• DWC-2 Multi-channel Temperature Tester Multi-channel temperature tester for multi-point temperature measurement.
• DWC-2515 Multi-channel Temperature Tester 2515 series multi-channel temperature tester.
• RDC2010 Live Winding Temperature Rise Tester Live winding temperature rise tester for motor winding thermal performance testing.
• RDC2021A Live Winding Temperature Rise Tester 2021A series live winding temperature rise tester for motor winding thermal performance testing.
• VG2605A Turn-to-turn Impulse Insulation Voltage Withstand Tester Turn-to-turn impulse insulation voltage withstand tester for motor insulation quality testing.
• VG2678A Grounding Resistance Tester Grounding resistance tester for electrical safety grounding compliance testing.
• Custom/OEM Testing Equipment Manufacturing Services Customized testing solutions and OEM manufacturing services based on specific industry requirements, including custom configurations of motor and pump test systems for enterprise customers.

Quantifiable outcome

• Served over 1000 medium-to-large enterprises

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Hioki E.E. Corporation: Japanese manufacturer of electrical measurement instruments, notably power analyzers and electrical parameter meters. Directly comparable to Pragma's GDW series electrical parameter measuring instruments and VG3000 multi-channel power analyzers.
• Magtrol: Specialized manufacturer of motor testing dynamometers, load motors, and motor test systems. Highly comparable to Pragma's VGX-series motor dynamometers and motor characteristic controllers (VG5300) used across industrial, EV, and appliance motor validation.
• Chroma ATE Inc. Taiwan-based manufacturer of power electronics test and measurement instruments, including power analyzers and motor/EV test systems. Directly comparable to Pragma's VG3000 power analyzer and motor test equipment lines, serving overlapping automotive and industrial customers.
• SAKOR Technologies: US-based supplier of dynamometer systems and motor test equipment, including EV drivetrain test rigs. Direct comparable in EV drive motor testing, dynamometer-based performance and endurance test systems, and integrated motor test solutions.

Emerging players

• Mecmesin: UK-based manufacturer of force and torque testing equipment, including motor and material testing systems. Comparable in motor performance and torque-based testing for industrial customers, though narrower in EV powertrain test scope.

Regional players

• Unico (Unico International): Asian supplier of motor test systems and dynamometers serving EV and industrial motor OEMs. Comparable product portfolio to Pragma's motor dynamometer lines, with stronger presence in Japan and Southeast Asia versus China.

Broad incumbents

• Kistler Group: Swiss measurement specialist in dynamic pressure, force, torque, and acceleration sensors and test systems. Comparable to Pragma's motor dynamometer and torque-measurement-based test systems, particularly for EV powertrain and industrial motor applications.
• HORIBA: Global test and measurement company with strong automotive drivetrain and motor test capabilities. Comparable in motor/EV test systems as part of a broader test, analytical, and process instrumentation portfolio.
• Yokogawa Electric Corporation: Global instrumentation leader offering power analyzers (WT series), scope recorders, and industrial measurement solutions. Overlaps with Pragma's power analyzer and motor test portfolio as part of a much broader industrial automation portfolio.
• Emerson (NI / National Instruments): Test & measurement platform (formerly National Instruments) providing data acquisition, power analysis, and automated test systems. Comparable as an incumbent that competes for integrated motor and power test system programs at scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/pragma-capital-advisory

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pragma Capital