Zhejiang Hongxi Technology
Specializing in silicon-based OLED microdisplays, primarily for AR/VR applications.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | CNY500m | Series A | |
| Total Funding | 000k | ||
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Zhejiang Hongxi Technology Co., Ltd., also known as Metaways, is a developer and manufacturer of silicon-based Micro OLED displays, positioning itself within the advanced manufacturing sector for the expanding augmented and virtual reality markets. Founded in 2019, the company is headquartered in Yiwu, China.
The company's core business revolves around the development and production of high-end, miniature display devices and modules. Metaways is establishing a 12-inch silicon-based Micro OLED production line and has developed a vertically integrated process that includes everything from IC design and chip fabrication to the final module assembly. This allows the company to control the entire production chain and focus on in-house technology development. Its technical team is noted for its extensive experience in both research and development and mass production. The company's products are designed for applications such as AR/VR smart glasses, electronic viewfinders, industrial design, and medical health systems.
A significant milestone for Metaways was the completion of its Series A funding round in February 2025, where it raised nearly 500 million Yuan (approximately $68.5 million). This financing, supported by investors like Innoval Capital, is fueling the construction of its production facilities and the development of advanced products like a 1.4-inch 4K OLED microdisplay. The company has been recognized as a "Zhejiang Province Innovative Small and Medium-sized Enterprise" and was selected as a "Future Unicorn of Zhejiang Province" in 2025. Metaways has also engaged in strategic collaborations, such as its partnership with the Japanese equipment manufacturer ULVAC, to advance its mass production processes for the global XR and metaverse device market.
Keywords: Micro OLED, OLEDoS, silicon-based display, augmented reality components, virtual reality hardware, display manufacturing, advanced manufacturing, electronic components, IC design, module integration, display technology, AR glasses, VR headsets, electronic viewfinder, miniature displays, XR market, metaverse hardware, high-resolution displays, display fabrication, venture capital-backed