Da Mao Niu completes over 100 million yuan Series B financing, plans to go public in the future
Release Date:
2022-11-14
Source:
Our company has completed a Series B financing round exceeding 100 million RMB, with investors including Yida Capital, Guosheng Capital, Fangdao Capital, and related industry background funds, while existing shareholder Kuntai Capital continues to increase its investment.
This round of financing is mainly used for creative process cost optimization, customization of energy-saving devices with independent intellectual property rights, and capacity expansion.
Our company was established in August 2019, focusing on ultra-low density polymer physical foaming technology as a new materials company. We currently have five major product series: thermal insulation, cushioning and shock absorption, sound insulation and noise reduction, energy absorption, and degradable products. The base materials cover almost all polymer materials, including but not limited to PP, PE, EVA, TPEE, PEBAX, OBC, SEBS, EPDM, silicone rubber, and fluororubber.
At the same time, our series of physical foaming materials have extremely wide application scenarios, covering footwear and apparel, sports equipment, cold chain logistics, military industry, construction, automotive, rail transit, and high-value medical consumables, with a target market worth trillions.
Physical foaming uses supercritical carbon dioxide or nitrogen to replace chemical foaming agents to prepare polymer microporous foamed materials. It is currently a more advanced, environmentally friendly, and safe polymer foaming technology.
After several years, the company has developed a completely independent intellectual property ultra-high pressure (65Mpa), ultra-low density physical foaming technology and has truly achieved mass production.
Our supercritical physical foaming technology has achieved four core breakthroughs: an independently developed ultra-high pressure physical foaming device, breaking through the bottleneck of ultra-high pressure (65Mpa) nitrogen autoclave foaming equipment and improving efficiency; elastomer formulations optimizing material performance and indicators; an original supercritical foaming process greatly reducing gas consumption and costs; and regulation of the material's network structure, solving issues of low elastomer melt strength, high foaming density, product quality, and batch stability.
Nitrogen, as the main core production element of physical foaming, after the commissioning of our independently developed energy acquisition and saving device with intellectual property rights, will enable over 90% recycling of nitrogen stripped from the air under 65Mpa ultra-high pressure. This breakthrough not only directly reduces the preparation process cost by more than 30%, but also increases the energy reuse efficiency required for nitrogen production/pressurization/emission by several times.
In terms of business, we have currently achieved stable full-load mass production. Mature product types cover sheets and shaped foams (small foaming large), with customers including many global leading sports outdoor brands, leading enterprises in the cold chain logistics field, and some wearable device and automotive supply chain companies.
Current orders on hand have far exceeded existing capacity. For a considerable period now and in the future, the company will be in a state of orders exceeding production capacity.
Facing huge market demand, how to smoothly and quickly expand capacity will become the biggest challenge for our Da Mao Niu team. Currently, the first production line of our Nanjing factory is already at full capacity, and the second and third production lines are expected to be officially launched before the second quarter of next year.
In the future, Da Mao Niu plans to replicate the "super factory" model as the core expansion method for capacity—vertically building one or more super factories (each with more than ten production lines, each super factory with an annual output value exceeding 2 billion RMB) targeting large-scale, highly standardized application fields.
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