# Zhongyuan Advanced Materials

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zhongyuan-advanced-materials

- Industry: Materials
- Headquarters: Ningbo, China
- Website: www.zhymat.com
- Latest round: Series C (Jun 12, 2024)
- Investors on record: 7

## About

Based in Ningbo, China, and founded in 2018, Zhongyuan Advanced Materials is a material company that focuses on developing gas-atomized metal powders. The company has cooperation with the Chinese Academy of Sciences, Zhejiang University, Shanghai Jiaotong University, etc. In 2023, it was awarded Specialized, Refined, Featured, and Original Enterprise in Zhejiang Province. In June 2024, Zhongyuan Advanced Materials closed a series C funding. As of 2024, the team has nearly 140 employees.

The company is committed to providing customers with various types of gas-atomized metal powders such as high-temperature alloys, aluminum alloys, titanium alloys, etc. The products can be applied in additive manufacturing surface treatment and other fields.

The company generates revenue by providing gas-atomized metal powders.

The company will use the series C funds for product research and development and production line investment.

## Funding rounds

- Series C, Jun 12, 2024 — Shenzhen HTI, Shenzhen Capital Real Estate Fund, Ningbo Tongshang Fund, National Military-Civil Integration Industry Investment Fund, Ningbo Haishu Industrial Investment
- Series B, Dec 28, 2023 — Shenzhen Capital Real Estate Fund, Sunhope Capital
- Series A, Dec 21, 2022 — Shenzhen HTI, Sunhope Capital, Beijing Huazhen Investment

## Investors

- Shenzhen HTI (https://capitalatlas.ai/funds/shenzhen-hti) — Series A, Series C
- Sunhope Capital (https://capitalatlas.ai/funds/sunhope-capital) — Series A, Series B
- Beijing Huazhen Investment — Series A
- Shenzhen Capital Real Estate Fund (https://capitalatlas.ai/funds/shenzhen-capital-real-estate-fund) — Series B, Series C
- Ningbo Tongshang Fund (https://capitalatlas.ai/funds/ningbo-tongshang-fund) — Series C
- National Military-Civil Integration Industry Investment Fund — Series C
- Ningbo Haishu Industrial Investment — Series C