ELEGOO
Manufactures and sells consumer-grade resin (LCD-based VPP) and FDM (MEX) 3D printers, laser engravers, and STEM kits under the ELEGOO brand, targeting hobbyists and educators.
- CEO / Founder
- Hong Yingsheng
- Team Size
- 201-500
- Stage
- Growth Stage
- Total Funding
- $200.0M
- Latest Round
- Series B
- Key Investors
- Meituan; Shenzhen Capital Group (SCGC); Hillhouse Capital; DJI; Yintai; Guoce; Minghui Zhiyuan; Gaoxin Investment
Technology & Products
Key Products
Mars series (resin printers); Saturn series (large-format resin printers); Neptune series (FDM printers); Jupiter series (mega-size resin printers); Centauri Carbon (CoreXY FDM printer); Mercury series (wash & cure stations); PHECDA laser engraver
Technological Advantage
Proprietary LCD photocuring and FDM technologies protected by patents (e.g., EP3290186A4, US10073424B2, B29C64/236 patents). Core advantage is achieving industry-leading price-to-performance ratios (e.g., Saturn Ultra 16K resin printer at ~$500) through Shenzhen-based supply chain efficiency and scale. The tech is defensible via patents, but the cost advantage is replicable by competitors with similar manufacturing scale.
Differentiation
Value Proposition
Delivers high-value, low-cost desktop 3D printers (as low as $200-$300) with large build volumes and multi-material capabilities, enabling accessible entry into 3D printing for millions of users worldwide.
How They Differentiate
Offers a broader portfolio spanning both resin (VPP-LCD) and FDM (MEX) printers at aggressive price points, whereas Bambu Lab focuses on high-speed FDM with closed ecosystems. Compared to Creality and Anycubic, ELEGOO has stronger brand recognition in resin printing and has successfully launched mega-sized printers (Jupiter) via crowdfunding.
Market & Competition
Target Customers
Hobbyists, makers, educators, and prosumers in the global consumer 3D printing market.
Industry Verticals
Consumer Electronics; Education; Hobbyist/Maker
Competitors
Bambu Lab; Creality; Anycubic
Growth & Milestones
Growth Metrics
Reported 2.3 billion RMB (~$318M) revenue in 2025 with 30% year-on-year growth; maintains 90% overseas sales ratio; sold over 1 million 3D printers cumulatively as of 2023.
Major Milestones
Founded in 2015; Sold over 1 million 3D printers by 2023; Jupiter mega printer raised nearly $4M on Kickstarter; Secured Series B investment from DJI in 2025; Secured Series B+ round led by Meituan and SCGC in 2025/2026