Ningbo Yili Electromagnetic Technology
Latest round
- Series A
Last raised
- Sep 2024
Total raised
- Undisclosed
Investors
- 1
About Ningbo Yili Electromagnetic Technology
Established in 2017 and based in Ningbo, China, Ningbo Yili Electromagnetic Technology is an automotive-related components supplier that focuses on the development, production, and sales of solenoid valve products for automotive air suspension systems. The company was formerly known as Ningbo Yinzhou Tongli Hydraulic Electric Factory.4 million pieces of solenoids for hydraulic valves. In June 2024, Ningbo Yili Electromagnetic Technology closed a strategic investment. The company is committed to the development, manufacture, and processing of air suspension parts for high-end vehicles. Its self-developed products include CDC (Continuous Damping Control) shock-absorbing valves, pressure-maintaining valves, rigidity valves, and so on, which are widely used in machine tools, plastic machinery, engineering machinery, etc. The products contain chassis lifting and lowering multi-stage adjustment, chassis soft and hard adjustable, and other functions. The company generates revenue by providing solenoid valves for automotive intelligent electronically controlled suspension. The company will use the strategic investment to expand new production lines, build new factories, and invest in research and development. It is expected that by the end of 2024, the company's stiffness valves and CDC solenoid valves will achieve SOP (Standard Operating Procedure) mass production.
Who invested in Ningbo Yili Electromagnetic Technology
1 investor across 1 round
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Funding rounds
Series A
Sep 6, 2024
Amount
Undisclosed
Investors
Questions about Ningbo Yili Electromagnetic Technology
Who invested in Ningbo Yili Electromagnetic Technology?
Ningbo Yili Electromagnetic Technology has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Ningbo Yili Electromagnetic Technology raised?
Ningbo Yili Electromagnetic Technology has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Ningbo Yili Electromagnetic Technology last raise money?
Ningbo Yili Electromagnetic Technology's most recent round on record is a Series A, in Sep 2024.
What does Ningbo Yili Electromagnetic Technology do?
Established in 2017 and based in Ningbo, China, Ningbo Yili Electromagnetic Technology is an automotive-related components supplier that focuses on the development, production, and sales of solenoid valve products for automotive air suspension systems.
Where is Ningbo Yili Electromagnetic Technology headquartered?
Ningbo Yili Electromagnetic Technology is headquartered in Ningbo, China.
Which VCs invest in companies like Ningbo Yili Electromagnetic Technology?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Hui Hua Fund, Yufu Capital and ICBC Capital Management back automobiles, other vehicles & parts companies at Ningbo Yili Electromagnetic Technology's stage. Their profiles are linked below.
VCs backing automobiles, other vehicles & parts startups at Series A
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