Zhejiang Advanced Materials Company Secures Tens of Millions in Series A Financing, Supplying to Leading Automobile Manufacturers like Chery | Exclusive Report by 36Kr

Text | Lin Qingqing

Editor | Yuan Silai

36Kr learned that "Aihua New Materials", a developer of advanced materials and adhesive technologies, recently completed a Series A financing of tens of millions of RMB. Xinhui Capital served as the long - term exclusive financial advisor. This round of financing was led by Zhejiang Venture Capital, followed by Rongyi Capital and Pinghu Financial Holding. The funds will be mainly used for product R & D and market expansion.

Established in 2019 and located in Jiaxing, Zhejiang, "Aihua New Materials" focuses on the R & D and production of advanced materials and adhesive technologies. Its core products revolve around advanced material technologies such as noise reduction, flame retardancy, sealing, and insulation, and are widely used in the automotive, household appliance, new energy battery, solar energy, energy storage, and electronics fields.

With the rapid development of industries such as new energy vehicles, household appliances, and building materials, the demand for high - performance materials continues to grow. Traditional asphalt materials in the new energy vehicle field are gradually being replaced by new materials due to problems such as poor environmental performance, heavy weight, and inconvenient construction. Previously, the domestic automotive NVH industry was relatively fragmented, lacking leading enterprises, and the high - end market was long - term monopolized by 3M and Henkel.

Based on this, the "Aihua New Materials" team initially started in the new energy vehicle field and gradually expanded to multiple industries such as household appliances, building materials, and rail transit.

Xu Ping, the founder of "Aihua New Materials", introduced that "customers' demands for products are constantly changing, mainly focusing on lightweight, automated solutions, and cost - reduction and efficiency - improvement." Therefore, the products developed by "Aihua New Materials" include damping materials, reinforcement materials, hole - plugging materials, sound - absorbing cotton, etc., aiming to solve problems such as reducing noise and vibration during vehicle driving and improving driving comfort. For example, its damping sheets and reinforcement sheets can be attached to parts such as doors, roofs, and chassis, converting vibration into heat energy through intermolecular movement to achieve noise - reduction effects. In addition, the company also provides environmentally friendly damping materials and high - efficiency silent flame - retardant cotton for the household appliance industry to improve the silent effect of household appliances and meet customers' demands for environmental protection and high performance.

As the penetration rate of new energy vehicles exceeds 30%, the defects of traditional asphalt - based materials are accelerating to be exposed. It is worth mentioning that 36Kr learned that through the independently developed modified butyl rubber composite damping material for shock absorption and noise reduction in new energy vehicles and its preparation method, the material density of "Aihua New Materials" is 40% lower than that of traditional products, the weight of a single vehicle is reduced by 8 kg, and the construction efficiency is increased by more than 3 times. After verification, the loss factor of this material remains stable at 0.35 in the full - temperature range environment of - 40°C to 150°C, far exceeding the national standard of 0.25. Its products have entered the supply chain systems of 14 global leading new energy vehicle manufacturers and achieved mass supply.

In addition to the automotive field, "Aihua New Materials" has developed high - performance resin damping sheets for leading household appliance enterprises. It enhances structural stiffness through local reinforcement, optimizing operational stability and safety. It also has strong corrosion resistance, does not corrode or pollute contact surfaces and media, is super wear - resistant, has automatic compensation ability, and can perform stably. Xu Ping told 36Kr that in the new energy battery field, the flame - retardant and heat - insulating products of "Aihua New Materials" have characteristics such as super insulation, heat insulation, and sealing, and can withstand burning at a high temperature of 1200°C for 10 minutes, providing safety protection for batteries. These products have passed the tests of multiple leading customers and have application potential in battery thermal management, battery pack wall bonding, battery core insulation, etc. In addition, the company is expanding application scenarios in fields such as building materials, photovoltaics, wind power, and public transportation, providing high - efficiency silent noise - reduction solutions for pipelines and flame - retardant and smoke - suppressing water - based coatings.

Currently, "Aihua New Materials" has become a first - tier supplier to many well - known automotive original equipment manufacturers. In the household appliance field, it has carried out in - depth cooperation with customers such as Robam, and its products are used in the high - end home decoration market. The company is planning to enter the overseas market, especially in Southeast Asia.

"The automotive industry has increasingly high requirements for suppliers. They not only need to provide high - performance materials but also have the ability to provide overall solutions, including the R & D and application of automated equipment." Xu Ping revealed that the company is developing new materials that meet the nuclear - grade protection standards and plans to enter the special equipment market in 2025. Currently, 30% of the R & D team members are doctors, and the company has jointly established laboratories with many well - known universities. The 16 core patents it holds cover three major technical directions: damping and noise reduction, flame retardancy and heat insulation, and sealing and insulation.

Within this year, "Aihua New Materials" plans to complete a Series A+ financing and further introduce leading industrial investors in the automotive and intelligent technology fields.

In terms of the team, the founding team of "Aihua New Materials" is led by senior industry technical and management experts who have worked in global Fortune 500 material enterprises, and also includes university professors and researchers.