Home / News / Two rounds of financing nearly 100 million RMB! Shincell New Material is highly committed to developing materials of high performance and green manufacturing process!
Two rounds of financing nearly 100 million RMB! Shincell New Material is highly committed to developing materials of high performance and green manufacturing process!
Published in Jiangsu, Suzhou High-tech Zone Technology Investment Center 2022-10-31
The good news Recently, Suzhou High-tech Zone Angel Fund Investment Enterprises and Suzhou Shincell New Material Co., Ltd. announced the completion of tens of millions Yuan A+ financing. After completing the round A financing this year in March, Shincell finished once again A+ financing considering its overall development strategy. At the moment, the accumulated financing of the two rounds reached nearly 100 million yuan in 2022. Suzhou #Shincell New Material Co., LTD Founded in March 2019, Shincell has been honored as "Leading Entrepreneur in High-tech Zone", "Leading Entrepreneur in Gusu", "Entrepreneurship and Innovation Talent in Jiangsu Province"! And Shincell has been recognized as "National High-tech Enterprise" and "Suzhou Engineering Technology Center". It received an investment from Angel Fund Investment Enterprises in 2021. The company focuses on R&D and manufacture of clean, environmental friendly, high-performance, lightweight polymer microcellular foaming materials. Shincell has designed and built its own production lines of foamed materials by the technology of supercritical foaming(SCF in short). Shincell owns independent intellectual property rights regarding these production lines and procedures. In the first phase, 4 production lines of supercritical foaming sheets were built with an annual capacity of 2000 tons. Shincell is committed to developing sustainable microcellular foaming technology and manufacturing clean and environmental friendly lightweight materials. At present, it is the first enterprise in the world to realize non-cross-linked physical microcellular foaming of thermoplastic materials. Shincell has set up complete product matrix for high performance polymer lightweight materials, owning over 20 patented products and technology. Products are widely used in the fields of footware, new energy battery, automotive interior, electronics, medical, aerospace and so on, cooperating with leading enterprises like Huawei, BYD, Adidas, Lining, Anta, KEEP
▲ The picture shows the #PP microcellular foaming material applied in Huawei 5G microwave antenna
▲ The picture shows the #PP microcellular foaming material applied in BYD blade battery
▲ The picture shows the #Peba microcellular foaming material applied in ANTA high performance running shoes
A+ financing will be mainly used to expand the production lines, add 3D microcellular foaming project, accelerate the automation of its production line, etc. After this round of financing, Shincell can achieve an annual output of 5000 tons of polymer microcellular foaming materials and an annual output value of 200 million yuan. In the future, Shincell will fully strengthen its advantages, continue its R&D, further expand its market, and accelerate its step to become a listed company.