# Ningbo Yili Electromagnetic Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ningbo-yili-electromagnetic-technology

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Ningbo, China
- Website: www.eliee.cn
- Latest round: Series A (Sep 6, 2024)
- Investors on record: 1

## About

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. By 2023, it had acquired ISO9001:2008 and CE certification and reached an annual production capacity of 2.4 million pieces of solenoids for hydraulic valves. In June 2024, Ningbo Yili Electromagnetic Technology closed a strategic investment. In September 2024, the firm closed a series A funding.

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.

## Funding rounds

- Series A, Sep 6, 2024 — Richen Capital

## Investors

- Richen Capital (https://capitalatlas.ai/funds/richen-capital) — Series A