Shifang Technology
Develops UV inkjet printing engines for industrial functional coatings, enabling high-throughput, high-precision deposition for battery insulation, conformal coating, and semiconductor applications.
- CEO / Founder
- Zack Zhang
- Team Size
- 51-200
- Stage
- Growth Stage
- Total Funding
- $41.7M
- Latest Round
- Series B+
- Key Investors
- Wuyuan Capital; CCV Capital; Cowin Capital; Hengxu Capital; Xiaomi Group; NIO Capital; Shuimu Tsinghua Alumni Seed Fund; Innoangel Fund; PLD Capital; ELink Ventures
Technology & Products
Key Products
XF series high-throughput, high-viscosity printing engines; P series high-precision printing engines; Notch print control card; InkCore ink supply system; Tetris industrial printing software
Technological Advantage
Proprietary inkjet printing engine technology achieves high throughput (up to 120µm per pass) and high precision (3pL droplets, 1µm coatings), protected by trade secrets and patents. The advantage is defensible due to integrated hardware-software design and in-house coating lab (Praxis) that shortens development cycles, though replicable by well-funded competitors with similar R&D.
Differentiation
Value Proposition
Reduces coating costs by up to 40% through efficient material utilization and precision deposition, while increasing throughput by 5x compared to traditional methods, enabling faster production ramps and lower defect rates.
How They Differentiate
Compared to Koleymings and Sokan, Shifang's full-stack self-development (control boards, ink supply, software) provides better integration and faster qualification loops, with higher throughput (up to 120µm/pass vs typical <50µm) and superior fluid control (3pL vs >10pL).
Market & Competition
Target Customers
Battery manufacturers, electronics assembly companies, semiconductor fabricators, and material suppliers
Industry Verticals
Battery Manufacturing; Electronics; Semiconductor; Aerospace
Competitors
Koleymings; Sokan; Lanyin
Growth & Milestones
Growth Metrics
Insulation coating applied to 5+ million battery cells across five-plus leading battery makers; 50+ material supplier partnerships; team 35% PhDs.
Major Milestones
2020: Founded; 2025-01: Series A funding announced; 2026: Series B and B+ completed totaling nearly ¥300M
Notable Customers
Five-plus leading battery makers (names not disclosed); Multiple PCBA conformal coating customers