Author丨Qiu Xiaofen, Editor丨Su Jianxun
36氪 was informed that Hangzhou Beifeng Technology Co., Ltd. (hereinafter referred to as “Beifeng Technology”) completed the B round of financing of 100 million yuan. This round of financing was led by Suzhou Guofa, Zheshang Venture Capital, old shareholders Zhencheng Investment, Ginkgo Valley Capital, and Chizi Fund continued to raise.
“Beifeng Technology” has completed two rounds of financing in the past year. This round of financing will be used for the continuous research and development of domestically-made alternative high-performance wind turbines, broadening market application scenarios and accelerating market expansion.
Headquartered in Hangzhou, Beifeng Technology was established in 2018, focusing on the research and development and production of high-performance fans. After more than ten years of technical accumulation and development, it is currently one of the few in China that can mass-produce high-speed (60,000 rpm/ minutes) and long-life (30,000 hours) motor fans, the company currently has nearly 50 patents for inventions and utility models.
The co-founder of “Beifeng Technology” told 36 Krypton that the company’s four core products are turbine fans, high-speed fans, special motors and drives, which directly target Micronel in Switzerland. At present, “Beifeng Technology” has achieved complete domestic substitution in the field of medical and household ventilators, and is also opening up the fan market in the aerospace, industrial cooling, semiconductor and other sub-sectors.
As a conventional rescue instrument, ventilator is widely used to treat the symptoms of respiratory insufficiency caused by acute and chronic respiratory attenuation. Before that, as the core part of the ventilator, the turbo fan had long relied on imports. Statistics show that the total number of medical ventilators in China is only 80,000, or 60 per million people, which is only 12.4% of that in the United States.
product
Until the outbreak of the epidemic in early 2020, the overseas supply chain was broken, and the domestic demand for ventilators experienced a blowout growth-not only conventional medical non-invasive ventilators, but also the demand for home ventilators increased sharply. In addition, with the improvement of domestic medical level, the medical ventilator industry is currently promoting pneumatic to electric, and the demand for turbine fans is being rapidly released. Some industry opinions predict that the number of ventilators to be replaced in China will be about 65,000 per year in the future.
The huge market demand has forced the rapid research and development of the core technology of domestic ventilators. According to reports, after the epidemic, “Beifeng Technology” miniature high-performance turbine fans have achieved import substitution with high performance and high quality, and the shipment volume has doubled growth, and has reached stable cooperation with medical manufacturers such as Mindray Medical.
In addition to the domestic market, the fan products of “Beifeng Technology” have also achieved a stable export volume in overseas markets. According to reports, “Beifeng Technology”‘s fans have entered the GM supply chain, and it has also become the world’s only designated fan supplier for Ventec Life Systems, an American unicorn company.
Outside the field of ventilators, “Beifeng Technology” is still looking for a broader incremental market. In 2021, “Beifeng Technology” will continue to improve and enrich its product line, and successively launch products such as axial flow fans, ducted fans, and EC energy-saving fans.
At present, the company has signed cooperation intentions with a number of domestic semiconductor industry leaders to promote the layout of its business to major industries such as medical equipment, aerospace, and industrial cooling. According to reports, since its establishment four years ago, the revenue of “Beifeng Technology” has exceeded 100 million. The future development plan is to complete the IPO goal in three years.
In terms of team, the core team of Beifeng Technology has more than 20 years of experience in high-end fan design and manufacturing. The R&D team includes senior R&D experts from the leading Swiss industry. At present, a R&D center has been established in Switzerland to accelerate the localization of the world’s leading fan design and manufacturing technology. landing.
Investor’s View
The person in charge of Suzhou National Development Fund said that Beifeng Technology focuses on micro high-performance turbine fans, and is optimistic about Beifeng Technology’s unique advantages in this segment. The Beifeng Technology team has a clear development strategy, solid technology accumulation and efficient execution capabilities. We are very happy to have reached an in-depth cooperation with Beifeng Technology. Through our industry resources, we can assist Beifeng Technology to develop rapidly in its field. .
Zheshang Venture Capital said, “Beifeng Technology is a rare target with independent R&D and iteration capabilities for key industrial components in China. We firmly believe that Beifeng represents the direction of China’s transformation and development into a manufacturing powerhouse and will become a symbol of China’s high-end manufacturing. sex business.”
Chizi Fund said that since the angel round of investment, Chizi has invested in Beifeng Technology several times in a row, and it is precisely because of the strong development trend of Beifeng. Beifeng has always adhered to the development concept of innovation-driven and technology-led development, and has continuously launched many new products that meet market needs, realizing the transition from single-point outbreak to full-scale outbreak. “We believe that Beifeng Technology will become more competitive in the development of industrialization, marketization and internationalization. Chizi is very honored to help Beifeng Technology successfully complete this round of financing.”
Zhencheng Investment believes that the advanced nature of Beifeng products comes from the craftsmanship of its founding team, with strong internal drive and sustainability, which is the soul most needed by Chinese manufacturing. The Beifeng team has a strong full-stack R&D capability and can complete the whole process of manufacturing, testing and delivery of an aluminum ingot to the final fan product, and has made a lot of bottom-level innovations in technology and equipment. The completion of multiple rounds of financing within 2 years shows that the capital market has recognized this spirit and full-stack R&D capabilities. It will continue to support Beifeng’s global development and help Beifeng to become a phenomenon in this round of global supply chain reshaping. enterprise.
media coverage
36Kr Venture Capital Investment Community
This article is reprinted from: https://readhub.cn/topic/8fzFEN6GGdY
This site is for inclusion only, and the copyright belongs to the original author.