Jiangsu Damaoniu New Material (Formerly Shenzhen Damaoniu New)

Jiangsu Damaoniu New Material Co., Ltd. is a technology company focused on the mass production of ultra-low-density polymer materials through physical foaming. Founded in August 2019 by Bai Peng, a serial entrepreneur with executive experience at companies like BestBuy, the company aims to provide a domestic alternative to foreign-monopolized advanced foaming technologies. The CTO, Zhang Zhenxi, is an academic from Qingdao University of Science and Technology with a research background in microporous foaming materials.

The company has developed proprietary technology for ultra-high pressure (65Mpa), ultra-low-density physical foaming, breaking a long-standing global monopoly held by UK-based ZOTE FOAMS. This process uses supercritical carbon dioxide or nitrogen instead of chemical agents, resulting in a cleaner, low-emission production method that aligns with carbon-neutral strategies. Damaoniu has engineered its own production equipment and processes, including a system to recycle over 90% of the nitrogen used, which significantly reduces costs and energy consumption. The firm holds numerous patents, including over 180 invention patents (with 64+ granted) and 21 international PCT applications.

Damaoniu's business model centers on producing and supplying these advanced foamed materials to various industries. Its product lines are categorized into three main series: high-rebound, high-insulation, and degradable materials. These products offer features like thermal insulation, cushioning, shock absorption, and sound reduction. The materials are supplied to clients in sectors such as sports and outdoor equipment, apparel, cold chain logistics, automotive, rail transport, construction, and high-value medical consumables. The company serves top-tier global brands and is currently in a state where production capacity is chasing orders.

Since its inception, the company has secured multiple rounds of funding, including a Series B round of over 100 million RMB in November 2022 and a subsequent B+ round. These funds are allocated to upgrading production lines, research and development, and market expansion. The company operates a facility in Nanjing and, in July 2023, signed an agreement to build a 1.2 billion RMB "zero-carbon factory" in Zhanjiang, which will be powered by green electricity to produce for the international market.

Keywords: physical foaming, polymer materials, ultra-low density materials, supercritical foaming, insulation materials, high-rebound materials, degradable polymers, clean technology, advanced manufacturing, foam production, shock absorption, thermal insulation, cold chain logistics, high-performance materials, polymer science, sustainable materials, carbon neutral, material science, footwear materials, automotive materials