Shenzhen Gongda Laser closes hundreds of millions RMB Series C for green laser AM expansion

Shenzhen Gongda Laser Co., Ltd. (Shenzhen Gongda Laser) has completed a hundreds of millions RMB Series C strategic financing round, with participation from Fortune Capital (达晨财智) and Guanghe Venture Capital (光合创投). The funds will support its subsidiary Xihe Additive Manufacturing (希禾增材) in deploying over 1,000 green-laser metal AM systems over the next three years. Xihe aims to build what it describes as the world's largest copper-alloy additive manufacturing production base, targeting serial production of copper-based thermal management components.

This funding round is significant because it targets a specific, high-value production bottleneck: copper and copper-alloy AM for thermal management. Copper's high reflectivity at infrared wavelengths makes conventional LPBF inefficient; green laser (515 nm) absorption is dramatically higher, enabling dense, conductive parts. The move directly addresses demand from consumer electronics and power electronics verticals, where copper heat sinks and cold plates are critical. Competitors include Trumpf (green laser TruPrint systems) and Farsoon (copper-capable LPBF), but Xihe's stated scale — 1,000 machines — would represent a step-change in dedicated copper AM capacity. The pattern here is a targeted vertical play: a laser source company (Gongda) leveraging its core optics IP to capture downstream production value, rather than selling lasers to printer OEMs.

From an AM industry perspective, the practical question is execution: deploying 1,000 green-laser machines requires not just capital but reliable powder handling, process qualification, and customer offtake agreements. Copper thermal parts are a real, growing market — driven by SiC power modules, 5G base stations, and data center cooling — but the volume must match the capacity. Gongda and Xihe need to secure anchor customers in consumer electronics or automotive power electronics within 12 months to validate the production thesis. The technology is sound; the scaling risk is commercial, not technical.