Recently, Suzhou Supermag Intelligent Technology Co.,Ltd. (referred to as “ Supermag^®”) announced the completion of a cumulative over 100 million yuan Series A financing round. Qiming Venture Partners and China Fortune-Tech Capital led the round, with Runzhang Capital co-leading the investment. CDB Venture Capital, Oriza Holdings, Oriza Seed, and others also participated as joint investors. The funds will primarily be used for the market promotion of existing products, R&D of new products, and team building, accelerating the industrialization of magnetic levitation bearingless motor technology and products.

Independent R&D and Technology-Driven, 

Focus on Magnetic Levitation Core Technology and Critical Components

Magnetic levitation technology is a novel motion support technology, offering unique advantages such as wear-free, ultra-clean, precise reliability, and high energy efficiency due to its non-contact nature. The high-tech nature of magnetic levitation technology primarily stems from its integration of electromagnetics, sensor control, materials science, fluid mechanics, system structure design, and integrated debugging/tuning, resulting in high comprehensive technical barriers.

Over the past few decades, magnetic levitation technology has seen typical applications in rail transit, aerospace, energy, and industrial fields. However, considering the entire industry, its development is just beginning, with potential applications covering 90% of industrial scenarios, indicating a vast potential market.

Supermag^®’s control technology originates from the Chinese Academy of Sciences, with core team members having successfully developed one of the world's only two Maglev LVAD. The team has accumulated years of interdisciplinary knowledge and experience in mathematics, physics, electromagnetics, and fluid mechanics, independently developing all control algorithms and programs, and manufacturing critical scarce components such as magnetic levitation sensors and controllers, providing a solid technical foundation for the development and application of magnetic levitation products in multiple fields.

Dr. Chengke Yin, founder of  Supermag^®, stated, “Scientific research is about exploring and pushing the boundaries of human knowledge, while corporate innovation must be precisely targeted at specific products and services.” In the wave of localization, the company can leverage years of deep technological accumulation and a precise grasp of high-tech industry customer needs to lead in the independent innovation of core components for high-end equipment.

The company has obtained ISO 9001 quality management system certification, with products receiving international certifications such as CE and SEMI S2, and has entered the supply chains of several billion-dollar customers. Critical indicators are comparable to foreign competitors, and customized performance is at an internationally leading level.

From Maglev LVAD to Applications in 

Semiconductors, Bioprocessings, and More

Supermag^®'s advanced magnetic levitation bearingless motor technology and products provide high cleanliness and low shear magnetic levitation motor solutions, fluid handling, and mixing solutions for different fields. Among them, the Maglev Wafer Rotation System and Maglev Pump System have broken foreign monopolies, achieving full localization.

Semiconductor equipment demands extremely high cleanliness. Supermag^®'s independently developed Maglev Wafer Rotation Systems and Maglev Pump Systems feature no mechanical friction, no lubrication, and no particle generation, performing excellently in multiple process steps, and are also widely applicable in other chemical fields.

Bioprocessing equipment requires high biocompatibility. With the rapid development of new drugs and increasing process complexity, both single-use and continuous production demand higher standards in low shear and frictionless aspects. Supermag^®'s single-use and reusable Maglev Pump Systems and Maglev Stirring Systems help global biopharmaceutical companies better handle sensitive liquids such as cells, vaccines, biopharmaceuticals, and gene therapy.

Advanced energy facilities demand extremely high reliability, involving pumps and turbines for transporting special high-temperature media. Supermag^® provides new magnetic levitation solutions for these applications, leading the world.

Supermag^® has long adhered to independent R&D, with products also favored by overseas customers. In 2024, the company will simultaneously expand into overseas markets.

In the future, Supermag^® will develop more critical components and products based on magnetic levitation technology, supporting the upgrade and innovation of high-end equipment in multiple fields.

Investor Perspectives

Chen Nan, Executive Director of Qiming Venture Partners, commented, “The Supermag® has accumulated years of theoretical and practical experience in magnetic levitation technology, having successfully implemented the technology in various application fields. Over the past two years, the company’s product planning and commercialization achievements in the semiconductor and bioprocessing fields have been highly distinctive and pioneering. We fully trust that Supermag^® is the only platform technology and product company in China capable of bringing the ‘lofty’ magnetic levitation technology to widespread adoption.”

Wang Xinran, Partner at China Fortune-Tech Capital, stated, “Magnetic levitation technology, as a novel bearing technology, offers significant advantages such as wear-free, highly clean, high energy efficiency, and precise control due to its non-contact motion characteristics. It is set to spark a new technological revolution in the industrial field. Supermag^® has profound expertise in magnetic levitation technology, with independently developed magnetic levitation products entering the supply chains of several billion-dollar customers, some of which outperform foreign competitors. We believe Supermag^® will grow into a platform company for magnetic levitation technology, continuously providing high-quality products and services required for ultra-clean processes in critical industries such as semiconductors and biopharmaceuticals.”

Du Min, Partner at Oriza Seed, said, “The Supermag^® team has been deeply involved in the magnetic levitation field for over a decade, possessing fully independent core technology and intellectual property. They have demonstrated strong technological capabilities in fields such as Maglev LVAD and satellite attitude control. The company has now mass-produced key components such as magnetic levitation wafer stages, pumps, and stirring systems. As critical components for precision control in the industrial field, the company has been recognized and procured by downstream benchmark customers. We believe the team can continue to achieve more commercial success and research results in the magnetic levitation field, contributing to the development of advanced manufacturing in China.”

The Runzhang Capital team stated, “Magnetic levitation technology has high barriers and is currently scarce domestically, with urgent downstream market demand. As a platform company with magnetic levitation control technology at its core, Supermag^® has the capability for continuous independent product iteration. The company has successfully mass-produced several critical components and has been validated and recognized by leading industry customers. The overseas market performance is also promising, with great development prospects.”

About the Investors

About Qiming Venture Partners: Founded in 2006, Qiming Venture Partners has offices in Shanghai, Beijing, Suzhou, Hong Kong, and Singapore. It manages 11 USD funds and 7 RMB funds, with total assets under management reaching USD 9.5 billion. Since its inception, Qiming has focused on early and growth-stage investments in the Technology & Consumer (T&C) and Healthcare sectors. To date, Qiming has invested in over 530 rapidly growing innovative companies, with over 200 companies listed on major stock exchanges in the US, Hong Kong, and China, or exited through mergers and acquisitions, and over 70 companies recognized as unicorns or super unicorns.

About China Fortune-Tech Capital: China Fortune-Tech Capital Co., Ltd (referred to as “China Fortune-Tech Capital”) focuses on equity investment in the integrated circuit industry, committed to long-term value investment, discovering and creating value. China Fortune-Tech Capital was jointly initiated by SMIC (Semiconductor Manufacturing International Corporation) and a team of experienced investors, managing assets exceeding 30 billion yuan. It covers the entire IC industry chain, spanning all stages of equity investment including angel, VC, PE, public company investment, and M&A investment, with investments in over 300 companies, some of which have entered the capital market.

About Runzhen Capital: Founded on October 21, 2020, Runzhen Venture Capital adheres to the guidance of national emerging industry policies, focusing on the needs of Suzhou's local dominant industries and future key planned industries. It primarily invests in strategic emerging industries such as healthcare, new energy, new materials, hard technology, TMT, and AI.

About CDB Venture Capital: Founded in November 2016, CDB Venture Capital is the first national-level technology venture investment institution within the banking sector, and the VC investment platform of China Development Bank. With a registered capital of 5 billion yuan, it focuses on equity investment in seed, start-up, and growth-stage technology companies, and provides supporting loans for invested companies through a combination of equity investment and lending, serving the development of technological innovation and specialized new SMEs, and supporting national technological self-reliance and self-improvement.

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