ELEGOO closes 500M+ yuan (USD 73M) Series B+ round led by Meituan, six months after DJI investment

Zhinengpai Technology, the Shenzhen-based parent company of consumer 3D printer brand ELEGOO, closed a Series B+ funding round exceeding 500 million yuan (approximately USD 73 million) on April 20, 2026. The round was led by Meituan's DragonBall Capital and Meituan itself, with co-investment from Shenzhen Capital Group, Hillhouse Investment, Yintai Group, Guoce, Minghuizhiyuan, and Shenzhen HTI Group. This follows a strategic investment from DJI that closed in November 2025, meaning ELEGOO has raised two major rounds in under six months. Co-founder Chen Bo disclosed in an exclusive 36Kr interview that proceeds will fund senior talent acquisition, R&D in consumer 3D printing technologies, global market expansion, production capacity upgrades, and brand rollout. ELEGOO reported 2025 revenue of over 2.3 billion yuan (USD 337 million), up 30% year-on-year, with a three-year CAGR exceeding 40% and a 2026 target of 3.5 to 4 billion yuan (USD 510 to 590 million).

This funding sequence is structurally unusual for the consumer polymer AM segment. ELEGOO, alongside Bambu Lab, Creality, and Anycubic, controls roughly 90% of the global entry-level 3D printing market by shipments, and is the clear leader in consumer LCD resin printer volume. The company's revenue trajectory — from USD 234 million in 2024 to a projected USD 510-590 million in 2026 — places it in a different scale tier than most polymer AM hardware companies. What makes the DJI and Meituan investments significant is not the capital alone, but the strategic logic. Chen Bo explicitly stated that ELEGOO approached DJI not for funding but for engineering methodology, specifically firmware development discipline that treats software and hardware as an integrated system. This is a candid admission that the company's hardware leadership had hit a software wall — a recurring pattern in consumer AM where hardware commoditization outpaces software maturity. Meituan's involvement, as a consumer services platform with deep logistics and local-commerce infrastructure, suggests a potential channel or distribution angle beyond pure capital. The absence of an English-language press release reinforces that Zhinengpai remains an export-first manufacturer built for global consumers, not global investors.

From an AM industry perspective, the practical question is whether ELEGOO can execute the software-hardware integration upgrade that DJI's methodology is meant to enable. The company's hardware volume and revenue growth are already proven; the gap is in user experience, firmware reliability, and ecosystem lock-in — areas where Bambu Lab has set a higher bar. ELEGOO's next 12 months will show whether the DJI engineering discipline translates into measurable product improvements, or whether the software wall persists despite the capital and mentorship. For buyers in the consumer resin segment, the competitive pressure is likely to intensify, but the differentiation will shift from price and resolution to software integration and print reliability.