Gongda Laser successfully raised over 100 million yuan in Series B funding led by Xiaomi Capital to enhance production and R&D capabilities, reinforcing its position as a leader in high-power green laser technology.

Target Company Overview

Shenzhen Gongda Laser Co., Ltd. (hereafter referred to as "Gongda Laser" or "the Company") has successfully secured over 100 million yuan in its latest Series B funding round. This follows the significant investment received in the previous year during Series A funding. The lead investor for this round is Xiaomi Capital, with participation from other notable investors, including Lingyun Optical Co., Ltd. The proceeds from this financing will primarily be utilized to enhance production capacity, strengthen talent acquisition, increase research and development efforts, expand market channels, and improve operational management.

Established in 2019, Gongda Laser specializes in the research, development, and manufacturing of high-end intelligent laser devices. The Company focuses on the development of high-power short-wavelength fiber lasers, primarily green and ultraviolet lasers. Gongda Laser has released several leading products in China, including the "50-500W Nanosecond Green Laser," the "100-3000W Continuous Green Laser," and the "10-100W Ultraviolet Nanosecond Pulse Fiber Laser." With continuous technological advancements and expanding application areas, the Company's business has experienced robust growth since its inception.

Industry Overview

The laser technology industry in China has been rapidly advancing, driven by a growing demand in key sectors such as photovoltaic manufacturing and lithium battery production. High-power green fiber lasers represent a significant focus area, as these tech