Beijing Xiahe Technology
Specialized developer and manufacturer of OLED materials.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor investor investor | €0.0 | round | |
* | CNY20.0m Valuation: CNY600m | Series E | |
| Total Funding | 000k | ||
Beijing Xiahe Technology, also known as Summer Sprout, is a high-tech enterprise established in 2017 that focuses on the research, development, and mass production of new OLED materials. The company was founded by Xia Chuanjun, and its founding team includes members from Tsinghua University and other leading industry companies. Since its inception, Xiahe Technology has received significant funding, including a Series D round of $42 million in January 2023 and a D+ round of approximately $16.5 million in August 2023.
The firm develops and manufactures a wide range of OLED materials, including those for transport, injection, and light-emitting layers used in both vapor deposition and solution coating techniques. Its product portfolio covers conductive and red doped materials, as well as red and green main materials. The company's business model is centered on supplying these advanced materials to major OLED panel manufacturers, breaking the previous market monopoly held by foreign companies. Its client base includes prominent industry players like BOE, Samsung, and LG. Xiahe Technology aims to become a one-stop supplier for OLED materials globally.
A significant milestone for the company was breaking ground on a new industrial facility for OLED materials in the Taixing Economic Development Zone, Jiangsu, with an investment of $210 million. This facility is expected to have an annual production capacity of 20 tons, supporting the company's goal of capturing a significant share of the global OLED materials market. The company holds a substantial number of patents, with over 672 filed globally, reflecting its strong emphasis on independent intellectual property and innovation.
Keywords: OLED materials, display technology, materials manufacturing, chemical engineering, consumer electronics, intellectual property, high-tech enterprise, vapor deposition, solution coating, light-emitting materials, semiconductor industry, advanced materials, display manufacturing, electronic components, phosphorescent emitters, materials science, supply chain localization, optoelectronics, materials research, mass production