State corporation receives stakes in robotics manufacturer, operator, and supercapacitor plant

Russian tech state corporation Rosnano received stakes in four IT companies after closing a large high-tech fund worth 5 billion rubles, into which the state corporation had previously invested; according to expert estimates, the value of the received packages amounts to 150–250 million rubles with virtually zero liquidity.

What assets went to the state corporation

Rosnano — a state corporation created in 2007 to develop the nanotech industry in Russia and later reorganized into a joint-stock company. Over a decade and a half, the company changed its business model: from direct investments in production projects, the corporation moved to working through a network of venture and industry funds, co-investing with private management companies. One such fund — the mentioned 5 billion ruble high-tech fund — was liquidated, and stakes in its portfolio companies automatically transferred to Rosnano's balance sheet.

• The liquidated fund managed assets worth 5 billion rubles
• Expert estimate the value of received stakes at 150–250 million rubles
• The portfolio includes stakes in a robot manufacturer, a cloud telecom operator and a supercapacitor factory
• Experts call the liquidity of the assets virtually zero

Why does a supercapacitor factory need to stabilize the internet

Supercapacitors are energy storage devices that, unlike regular batteries, can discharge large current almost instantaneously and withstand tens of thousands of charge-discharge cycles. In practice, they are often used as backup power sources for telecommunications and network equipment: when there is a brief power outage, the supercapacitor instantly takes on the load and prevents the communication node from rebooting. This function is behind the wording about "stabilizing internet operations" — it is not about traffic itself, but about uninterrupted power supply to network infrastructure.

Why this matters for the market

Industrial robotics and cloud infrastructure remain among the priority areas for import substitution in Russia — after 2022, dependence on Western suppliers of equipment and cloud services became a strategic risk for the country. Rosnano's portfolio stake in a robot manufacturer and cloud operator logically fits into this agenda, even if the deal itself is technical rather than strategic in nature.

How Rosnano explains the deal

At the state corporation, receiving stakes is called technical redistribution of assets, not a new investment strategy. Formally, Rosnano did not buy these packages — they transferred to the balance sheet automatically after the fund was liquidated, into which funds had been invested before its closure. Similar logic is characteristic of many state funds: after a management structure closes, unsold stakes of portfolio companies simply transfer to the parent organization.

What this means

The story shows the flip side of state venture investments in high-tech: a fund's assets, closed years after operations began, scatter through the parent structure's portfolio with unclear liquidity — and this includes infrastructure solutions like backup power for Russian internet and import-substituting robotics.