GW Laser Tech Raises CNY 200 Million in Series C

Recently, GW Laser Tech announced that it has raised nearly 200 million completed in a Series C financing led by DT Capital and Bridge Capital, followed by Qingpu New Industry Guidance Fund and Nantong New Industry Guidance Fund. At the same time, the company's existing shareholder Inspiration Capital also took part in the round. According to GW, the funding will be used for large-scale production of the new generation of 10 KWt laser products, based on high-efficiency 976nm technology.

 Founded in 2014, the company has been focused on providing high-power fiber laser solutions to research institutes and enterprises. Over the past three years, the company's annual sales growth rate exceeded 200%. In 2020 only, the company received over CNY 300 million orders and the number of customers exceeded 300. At present, the global shipment volume of GW Laser's 976nm 20kW laser reached the rank of second place in the world, second only to IPG. The company has nearly 100 patents, most of which are for new inventions.

 At present, the penetration rate of laser technology in China is only 10%. With the upgrading of traditional manufacturing industries and the new infrastructure policy, laser technology is expected to increase the penetration rate in the economy. From this point of view, the 10 KWt class fiber laser market still has a large potential and GW is a company to watch.