Ningbo Husheng Transmission has raised nearly RMB100 million in its A-round financing

Ningbo Hansheng Transmission Technology Co., Ltd. (hereinafter referred to as "Hansheng Transmission") announced that it recently completed a near-100 million yuan A-round financing, with Hongtai Fund leading the investment, and the funds raised will be mainly used for the research and production of the next-generation precision reducer. Songhe Capital participated in its Pre-A-round financing in 2019.

Hansheng Transmission was established in Ningbo, Zhejiang in 2017, and is a specialized and innovative enterprise and a high-tech enterprise dedicated to the development, manufacturing and sales of transmission technology products. It currently mainly supplies joint reducers for robots, mainly applied in industrial robots, collaborative robots and humanoid robots. The company's independently developed FG and MRG transmission technologies are a major technological innovation after planetary, cycloid and harmonic transmission technologies in the world, which can significantly improve the life, power density (light weight, small volume, large output torque), transmission efficiency (about 90% in both directions), rigidity, and anti-shock capacity of transmission devices, breaking through multiple performance limitations that have long plagued industrial field transmission applications.

Hansheng Transmission founder Fan Zhengfu said: "Thank you for the trust and support of the capital side, which allows us to move forward on the originality of our own basic industrial technology. Transmission technology, as an important foundation of industry, has been led by Europe and the United States for more than two centuries. Under the opportunities of the times, China has cultivated the soil for technological iteration. Hansheng Transmission will continue to uphold the spirit of innovation and development, and work hard to deepen its products. We believe that China's own transmission technology will be able to catch up and surpass the world."

Xulin, an investor of Hongtai Fund, said: "The reducer is an important component of the robot's joints. The domestic high-end reducer market has been occupied by Japan and Europe, and import substitution is urgent. Hansheng Transmission, as a company with original technology principles, has been recognized by Kuka, Topstar, GREE, Turing and other well-known enterprises. Its products are simple in structure, easy to assemble, and low in material requirements, which can significantly reduce costs and improve efficiency in replacing RV and harmonic wave reducers. In the context of the rapid development of industrial robots and humanoid robots, Hansheng Transmission starts from the principle, and its products have a very good commercial application scenario, which is a typical hard science and technology, a "neck" enterprise, and an import substitution enterprise."