# Zhejiang Laifual Harmonic Drive Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zhejiang-laifual-harmonic-drive-corporation

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Shengzhou, China
- Website: www.laifual.com
- Total disclosed funding: $23M
- Latest round: Series D (Nov 23, 2022)
- Investors on record: 7

## About

Based in Shengzhou, China and established in 2013, Zhejiang Laifual Harmonic Drive Corporation Ltd. focuses on researching, designing and production of harmonic reducer and precision gear reducer devices, which can be utilized in aircraft, communication equipment and robots. The company is headquartered in Shengzhou and has branches in Suzhou, Nanjing, Nantong and Xiamen. It has 30,000 square meters of the standard factory for harmonic reducer production, more than 400 employees, and an R&D team with more than ten years of experience in harmonic reducer R&D and production. It has obtained more than 60 patents, including 1 major technology patent, 41 utility model patents and 19 invention patents, and has successfully passed ISO9001 quality management system certification as of 2022. It has cooperation with the Zhejiang University of Technology, Huazhong University of Science and Technology and the Taiyuan University of Technology.

The company's self-developed products include a harmonic reducer, a planetary reducer and a joint module. Their product is used in the field of robotics, metal machine tools, medical machinery, manufacturing machinery, aircraft, and communication equipment.

## Funding rounds

- Series D, Nov 23, 2022, $14M — China Development Bank Capital, Shanghai Airport Hongyu Investment Management
- Series C, Nov 5, 2019 — Shenzhen Guozhong Venture Capital, New Margin Capital
- Series B, Sep 6, 2018, $8.8M — NLVC, GP Capital
- Series A, Mar 20, 2018 — NLVC, Crestvalue
- Angel, Nov 21, 2016 — Crestvalue

## Investors

- Crestvalue (https://capitalatlas.ai/funds/crestvalue) — Angel, Series A
- NLVC (https://capitalatlas.ai/funds/nlvc) — Series A, Series B
- GP Capital (https://capitalatlas.ai/funds/gp-capital) — Series B
- Shenzhen Guozhong Venture Capital (https://capitalatlas.ai/funds/shenzhen-guozhong-venture-capital) — Series C
- New Margin Capital (https://capitalatlas.ai/funds/new-margin-capital) — Series C
- China Development Bank Capital — Series D
- Shanghai Airport Hongyu Investment Management — Series D