Gashi Automobile Seeds reported that on September 6, according to Xingfu Capital, Ningbo Yili Electromagnetic Technology Co., Ltd.(hereinafter referred to as “Yili Electromagnetic”) recently completed tens of millions of yuan in Series A financing, which was invested exclusively by Xingfu Phase 5 Fund “Anhui Xingfu Qihang Equity Investment Fund Partnership (Limited Partnership)”.
It is worth mentioning that Yili Electromagnetic has obtained two rounds of financing within six months.
In June this year, Yili Electromagnetic completed tens of millions of yuan of strategic financing invested exclusively by Qingxin Capital.
Yili Electromagnetic was established in 2017, focusing on the R & D, production and sales of products such as gas distribution valves, pressure retaining valves, rigidity valves, CDC solenoid valves, and pump and valve two-in-one products used in air suspensions and damping shock absorbers.
Mass production and localized replacement of automotive chassis solenoid valves.
Photo source: Xingfu Capital.
According to reports, Yili Electromagnetic has completed the layout of a fully automated production line for automobile suspension distribution valves, and has built semi-automated production lines for pressure maintaining valves, rigidity valves, and CDC solenoid valves.
It is expected that by the end of 2024, the company’s stiffness valves and CDC solenoid valves will also achieve SOP mass production and expand the product line.
, At present, Yili Electromagnetic has entered the supply chain system of customers such as Kong Hui and AMK.
At the same time, its products have also been used in many models such as Lantu, Chery, and Jikrypton, becoming the first distribution valve supplier to a supporting main engine factory in China.
In addition, with the mass production of Chery Star Era ES, ET and other models, Yili Electromagnetic’s gas distribution valves have been successfully equipped with 8 models, and a total of more than 120,000 distribution valve products have been delivered.
This year, Yili Electromagnetic will also add mass production of 8 new models, covering SUVs, sedans, MPVs, commercial vehicles, light trucks, etc.
About “Seeds Discovery”: Gashi Automobile’s “Seeds Discovery” column aims to create a service platform that connects start-ups, industrial chain ecological partners, investment institutions, and local governments, and deeply empowers the upstream and downstream of the industrial chain.
Since its launch, this column has been committed to exploring good companies, good technologies, and good business models that have important inspiration and leading roles for the industry in the tide of smart electric vehicle transformation, and promoting the growth of innovation forces in the automobile industry.
According to statistics from Geshi Automobile, almost all startups reported in the “Seeds Discovery” column have successfully connected with the ecological resources of the industrial chain.
Return to the first electric network home page>,.
