Hangzhou 3Phis Technology completed round A and round A+ financing

Key words

3Phis Technology,A round and A+ round financing

Abstract

Recently, Hangzhou 3Phis Technology, a high-end high-speed integrated motor import substitution company, announced that it has successively completed A and A+ rounds of tens of millions of RMB financing. The investment was led by Country Garden Venture Capital and Liyuan Venture Capital, followed by Yingdong Capital. Previously, it has received angel round investment from Oufang Angel and Angel Bay Venture Capital. Huaxing Alpha acted as the exclusive financial advisor for this financing. This round of financing will be used for technology research and development, market expansion and talent reserve.

3Phis Technology is a national high-tech enterprise dedicated to realizing import substitution of high-end motor products in the field of high-speed direct drive and low-speed direct drive motors. The company's main products are high-speed electric spindle motors, high-speed motors for hydrogen fuel cell air compressors, and integrated motors for collaborative robots. The products have won wide acclaim from leading customers in many downstream industries.

The team has both academic innovation and market industrialization capabilities

The founding team comes from well-known university research institutes and leading companies at home and abroad. The core members have participated in major national aerospace projects and have both academic innovation and market industrialization capabilities. Through years of deep cultivation in the industry, the team has realized the import substitution of high-speed motors, the core functional components of key equipment in the fields of intelligent manufacturing, hydrogen fuel and new energy.

Hao He, founder and CEO of 3Phis Technology, said

"This round of financing will fully support us to directly hit the high-end import substitution market with the '3+N' strategy in multiple vertical industries in the high-end motor market. The '3+N' strategy refers to the three main application targets of industrial machines, robots, and hydrogen fuel cells Market and N customization to expand the market. Through the expansion and application of high-speed motor common technology, the company will develop more market application scenarios in the future."

Ye Ying, managing partner of Liyuan Venture Capital, said

"The opening of the ten-year renewal cycle of the machine tool industry and the increase in the penetration rate of collaborative robots have brought about opportunities for import substitution of upstream core components and external opportunities, which are good for the three-phase development."

Jianbiao Xiang, partner of Yingdong Capital, said

"3Phis Technology is a technology-driven advanced manufacturing enterprise. Yingdong Capital believes that 3Phis Technology will definitely seize the new opportunities brought by the development of the hydrogen energy industry while helping industrial master machines to break through and achieve national strategies such as dual carbon targets."

Jiang Yifei, Managing Director of China Renaissance Capital Investment Banking Division and Head of the Alpha Group, said

"China Renaissance is very pleased to help 3Phis Technology complete this financing. As a long-term strategic partner of 3Phis Technology's sustainable development, we believe that the company will continue to exert its existing advantages and become China's leading enterprise of high-end import substitution industrial core components."