First | Hongde New Material completed A round of financing, led by Shenzhen Venture Capital, followed by Innovation Works and Qingke Industrial Investment

The investment community (ID: pedaily 2012) reported on September 8 that Hongde New Material officially completed the A-round financing. The financing was led by Shenzhen Venture Capital, a domestic professional investment institution, and followed by Innovation Works and Qingke Industrial Investment. With the support of historical shareholders such as Dachen Caizhi, Shenzhen Hi-tech Investment, Lihe Capital and Dexun Investment, the company's cumulative financing amount has exceeded 100 million yuan. This is not only a high recognition of the technical strength and market potential of Hongde New Material by the capital market, but also a strong impetus to accelerate the expansion of lightweight application scenarios and seize the 100 billion-grade market track.

Hongde New Material has always focused on the R & D and production of high-performance thermoplastic composite parts. With the breakthrough of core technology, Hongde New Material has become one of the few enterprises in China to realize the mass production of thermoplastic resin transfer molding (T-RTM) and thermoplastic reaction pultrusion. The products produced by this process perfectly inherit the core advantages of "light weight and high strength" of traditional composite materials; It also achieves a disruptive breakthrough in cost and environmental protection: compared with traditional materials such as epoxy resin and polyurethane, the cost is reduced by more than 50%, and the product is endowed with the characteristics of "low carbon, environmental protection and recyclability", which perfectly meets the core needs of "cost reduction, efficiency enhancement and green development" in new energy, infrastructure and other industries.

Hongde New Material has obtained project cooperation and recognition from leading customers in power and energy storage battery boxes, lightweight automotive body structural parts, photovoltaic municipal and public works scenarios, and some products have been delivered in batches. In addition, in emerging areas such as low-altitude economy and 3C, Hongde New Material is working with downstream customers to explore integrated design applications and continuously broaden market boundaries.

Fig. 1 Application of reaction pultruded profile (battery edge beam, flexible photovoltaic bracket, energy storage battery base, public facilities, etc.)

"Hongde New Material will always take root in the research and development of technology and technology, enable the development of the industry with more environmentally friendly and cost-effective products, and aspire to become the global leader in the engineering application of composite materials." Dr. Liu Aixue, the founder of the company, said that in the future, technological innovation will continue to be the core driving force to promote the large-scale application of thermoplastic composites in more scenarios, providing integrated solutions with "lightweight, low cost and high environmental protection" for automotive lightweight, infrastructure construction and emerging industries (such as low-altitude economy, 3C, etc.).

For this investment, Dr. Dai Jing, the investment manager of Shenzhen Venture Capital, said that the mass production technology of thermoplastic nylon composite materials mastered by Hongde New Material has realized "one-step molding" from polymer monomers to components, and the technical barriers are very high. From the material system and process level, the technology thoroughly solves the traditional problems of thermosetting materials in terms of cost, production rhythm and recycling. The products can widely cover downstream industries such as vehicle manufacturing, power and energy storage batteries, municipal transportation, and have been successfully introduced into a number of leading customers in the industry. We are optimistic about the technical direction and market prospects of Hongde New Materials.

Innovation Works said: We continue to focus on the supply chain opportunities brought by structural changes in emerging industries. With the core characteristics of "high strength, lightweight and recyclable", high-performance thermoplastic composites have clear long-term application prospects and strong market demand. Hongde New Material took the lead in building the first domestic caprolactam in-situ polymerization thermoplastic nylon composite pultrusion and T-RTM mass production line, and showed significant comprehensive advantages in the components of new energy application scenarios, expecting the company to achieve greater breakthroughs in mass production and scenario expansion.

Liu Yada, investment director of Qingke Industrial Investment, said: Thermoplastic fiber reinforced composites are highly in line with the development goals of "cost reduction, efficiency enhancement, environmental protection and sustainability" in new energy vehicles, photovoltaic, lithium and other industries. Hongde New Material is not only one of the few domestic enterprises with complete mastery of T-RTM technology in the whole chain of "material-equipment-process", but also the first enterprise to realize the commercialization of reactive pultrusion of thermoplastic composite materials. At present, it has formed a large-scale production capacity and introduced many head customers. We are firmly optimistic about the company's technological direction and look forward to its products being widely used in more fields to promote the green upgrading of the industry.