Zhejiang Hengdao Technology
Specialized production of injection mold hot runner systems.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | CNY50.0m | Series B | |
| Total Funding | 000k | ||
Zhejiang Hengdao Technology Co., Ltd. is a manufacturer specializing in hot runner systems for injection molds. Founded in October 2010 by Wang Hongchao, who serves as the chairman and holds a majority stake, the company focuses on the research, development, design, and production of these systems and their components.
The company provides comprehensive solutions for injection molding applications, offering both a wide range of standard parts and fully customized hot runner systems tailored to client specifications. Its products are utilized across various industries, with a significant presence in the automotive sector for components like car lights, interior parts (dashboards, door panels), and exterior parts (bumpers, grilles). Hengdao Technology also serves the home appliance market. The company's client list includes major automotive brands such as Volkswagen, Geely, BYD, Nio, Mercedes-Benz, and BMW, as well as automotive suppliers like Valeo and Magneti Marelli.
Financially, the company is venture capital-backed and has completed multiple funding rounds. In November 2023, it secured a Series A funding of $12.5 million. This was followed by a Series B round in July 2024, which raised over 50 million RMB, led by Vision Plus Capital. These funds are intended to enhance research and development in hot runner technology and expand production capacity.
Keywords: hot runner systems, injection molding, automotive components, plastic injection, mold manufacturing, automotive lighting, car interior parts, car exterior parts, machinery manufacturing, precision manufacturing, industrial supplies, B2B manufacturing, custom molding solutions, thermoplastics, industrial parts, automotive suppliers, high-tech enterprise