# XSL-Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/xsl-technology

- Industry: Industrial Machinery
- Headquarters: Huzhou, China
- Website: www.xsl-tec.com
- Total disclosed funding: $12M
- Latest round: Series A (Dec 13, 2024)
- Investors on record: 4

## About

Founded in 2021 based in Huzhou, China, XSL-Technology operates as a household elevator developer specializing in the research and manufacturing of intelligent elevators. It has a manufacturing base in Zhejiang and branch offices in Guangdong, Shanghai, Changsha and other places. The company acquired certifications such as ISO9001, GTS certification, and EU CE certification. In December 2024, XSL-Technology raised CNY 90 million in series A funding led by new investor China Reform Securities Capital.

The products of XSL-Technology mainly include smart city services, AI chip semiconductors, smart villa elevators, whole house customized homes, and intelligent interactive systems. Smart city services include infrastructure renovation and resident services, including the installation of elevators and new energy vehicle charging stations, as well as the provision of intelligent charging services. Intelligent villa elevators include models such as XV-3000, XV-3000, XV-9000 flagship, and sightseeing elevators. XSL-Technology's offerings are adopted in markets across North America, Europe, and Asia, catering to a diverse client base including small to medium-sized businesses and large corporations.

The company generates revenue by providing smart city services, AI chip semiconductors, smart villa elevators, whole house customized homes, and intelligent interactive systems.

XSL-Technology's future growth strategy includes the development and launch of new products designed to enhance their software platforms. The company plans to expand into new geographic markets, targeting additional regions in Asia and North America by the end of 2025. It will use the series A funding to enhance its product offerings and broaden its market reach.

## Funding rounds

- Series A, Dec 13, 2024, $12M — China Reform Securities Capital, Iptalk, Jiaxing Yunzhu, Xiaogan Changxing Investment Co., Ltd

## Investors

- China Reform Securities Capital (https://capitalatlas.ai/funds/china-reform-securities-capital) — Series A
- Iptalk — Series A
- Jiaxing Yunzhu — Series A
- Xiaogan Changxing Investment Co., Ltd — Series A