ELEGOO

HardwareShenzhen, Guangdong, ChinaFounded 2015· One of 1757 Hardware companies tracked by AMPulse

A leading Chinese consumer-grade 3D printer manufacturer, operating under the ELEGOO brand, specializing in resin (LCD) and FDM 3D printers, laser engravers, and STEM kits.

CEO / Founder: 洪英盛 (Chris Hong)
Team Size: 1001-5000
Stage: Growth Stage
Total Funding: $100.0M
Latest Round: Series B
Key Investors: DJI (大疆创新), Meituan (美团), Hillhouse (高瓴), SCGC (深创投), Yintai Investment (银泰), Guoce (国策), Minghui Zhiyuan (明荟致远), Shenzhen High-Tech Investment (深高新投), Hejun Growth Capital (合钧成长投资), DJI (Da-Jiang Innovations), SZHTI Group (Shenzhen HTI Group), Bofo Fund, Crowdfunding investors, Meituan, DJI, Yintai Investment (银泰投资), Guoce, Minghui Zhiyuan, Gaoxin Investment

Technology & Products

Key Products

Mars series (resin/LCD 3D printers), Saturn series (large-format resin), Jupiter series (professional resin), Neptune series (FDM 3D printers), Centauri Carbon series (enclosed FDM), OrangeStorm Giga (超大尺寸 FDM 800x800x1000mm), Mercury series (wash & cure stations), Phecda laser engraver, STEM electronics kits, ELEGOO resins & filaments, SatelLite slicing software, ELEGOO Slicer, Matrix App, Nexprint 3D model platform.

Technological Advantage

Deep supply chain integration in Shenzhen enabling cost leadership (products priced at 1/3 to 1/5 of comparable Western brands); strong R&D with 193 patents (43 invention, 47 utility, 103 design); proprietary slicing software (SatelLite, ElegooSlicer); AI camera monitoring; high-speed printing capabilities; large-format FDM capabilities with OrangeStorm Giga.

Differentiation

Value Proposition

High-quality, affordable consumer 3D printers that lower the barrier to entry for makers, educators, and creators worldwide, leveraging China's integrated supply chain for cost advantages.

How They Differentiate

Strongest position in resin/LCD 3D printing (global #1 in consumer LCD shipments) while rapidly expanding FDM; best cost-performance ratio; complete ecosystem play (hardware + software + materials + model platform); strategic backing from DJI provides technology and supply chain synergies.

Market & Competition

Target Customers

Consumer makers, hobbyists, educators, designers, dental professionals, and small-to-medium businesses seeking affordable desktop 3D printing solutions.

Industry Verticals

Consumer/Education, Dental/Medical, Jewelry/Design, Small-scale Manufacturing, Creative/Maker

Competitors

Bambu Lab (拓竹科技); Creality (创想三维); Anycubic (纵维立方)

Growth & Milestones

Growth Metrics

Revenue: 2017 - ¥1.2B; 2018 - ¥1.73B; 2019 - ¥3.03B; 2020 - ¥6.03B; 2021 - ¥7.2B; 2022 - ¥8B; 2023 - ¥12B; 2024 - ¥16B (~$220M); 2025 - ¥23-25B (~$320-350M). CAGR >40% over past 3 years. 1M+ printers sold. Products sold in 100+ countries.

Major Milestones

2015: Founded; 2018: Launched first 3D printer (Mars series); 2018: Certified National High-Tech Enterprise; 2019: Saturn pre-sale hit ¥10M in 1 minute; 2020: Became #1 LCD consumer 3D printer brand in China; 2021: Jupiter Kickstarter raised ¥30M+ (2nd highest global 3D printer crowdfunding); 2023: OrangeStorm Giga Kickstarter raised $3.5M; 2024: Revenue surpassed ¥16B; 2025: DJI strategic investment; 2025: Revenue surpassed ¥23B; 2026: B+ round led by Meituan for ~$70M.

Notable Customers

Louis Vuitton (French fashion house used OrangeStorm Giga printers for creative projects); dental clinics and labs using Mars/Saturn series for dental model printing.

https://www.elegoo.com

Recent coverage of ELEGOO

Why this company matters

ELEGOO, operating under Shenzhen Intelligent Pai Technology Co., Ltd., has captured the largest global volume share in consumer LCD/resin 3D printer shipments. The company is one of the 'Four Dragons of Shenzhen' in desktop 3D printing, alongside Bambu Lab, Creality, and Anycubic. Its core advantage stems from deep supply chain integration in Shenzhen, enabling products priced at roughly one-third to one-fifth of comparable Western brands.

The product line spans the Mars and Saturn series for resin printing, the Neptune series for FDM, and the OrangeStorm Giga, a large-format FDM printer with an 800x800x1000mm build volume. ELEGOO also offers wash and cure stations, laser engravers, STEM kits, proprietary slicing software (SatelLite, ELEGOO Slicer), and the Nexprint 3D model platform. The company holds 193 patents, including 43 invention patents, and has sold over 1 million printers across 100 countries.

Key customer segments include consumer makers, educators, dental labs, and jewelry designers. Louis Vuitton has used OrangeStorm Giga printers for creative projects. Strategic investments from DJI in 2025 and Meituan in 2026 provide technology and supply chain synergies. Revenue reached approximately ¥23-25 billion in 2025, with a CAGR exceeding 40% over the prior three years.

ELEGOO's competitive risk lies in the rapid expansion of Bambu Lab, which leads in revenue among Chinese consumer 3D printing companies. While ELEGOO dominates resin, it faces pressure in the FDM segment from both Bambu Lab and Creality. Its ability to maintain cost leadership while scaling FDM and software ecosystems will determine long-term positioning.