Chaoshang Technology Secures Series A Financing, Marking a Rapid Development of Domestic Magnetorheological Technology | Exclusive on 36Kr

36Kr has learned that "ChaoShang Technology", a supplier of magnetorheological intelligent application solutions, has obtained Series A financing. The investors in this round include the Industrial Guidance Fund of Hangzhou Fuyang Economic and Technological Development Zone. This round of financing will be used for the company's production, operation, marketing, and other aspects.

Previously, ChaoShang Technology has completed the Pre-A round jointly invested by RunTu Investment, HaoJun Investment, and Share Investment, the Angel Plus round jointly invested by the Shenzhen Angel Mother Fund Angel One Direct Investment Fund and Share Investment, and the Angel round financing invested by Sequoia China Seed Fund.

ChaoShang Technology was founded in 2021 and is an enterprise focused on the research and development of advanced materials and their application development. Currently, relying on its independently developed new magnetorheological materials, ChaoShang Technology currently has production lines for magnetorheological intelligent suspension systems, magnetorheological intelligent vibration isolation seats, and dexterous robot joints.

Among them, the magnetorheological intelligent suspension system has initially achieved large-scale mass production, and ChaoShang Technology has also reached cooperation intentions with many leading enterprises in the fields of new energy vehicles and intelligent manufacturing.

With the in-depth development of automotive electrification and intelligence, the upgrade in the chassis field has become the focus of the industry.

Compared with the traditional automotive suspension, the technical advantage of the magnetorheological suspension is its performance and response speed. The magnetorheological suspension can adjust the distribution of the supporting force of the suspension with an extremely fast response speed, and its adjustment range is also wider than that of traditional products.

Such attributes allow the vehicle to adjust the body posture in the shortest time when encountering various uneven road surfaces, adapt to the road conditions, and ensure the safety and comfort of the occupants in the vehicle.

Currently, most of the core material patents of magnetorheological technology are in the hands of foreign manufacturers. The ChaoShang Technology team has 20 years of application accumulation in the magnetorheological field. The company is committed to the independent research and development of magnetorheological material formulations and the development of intelligent applications of magnetorheological technology.

Relying on the new material formulation and adaptive control algorithm independently developed by ChaoShang Technology, the magnetorheological suspension system of ChaoShang Technology can achieve a cost reduction of more than 50% compared with imported products from overseas.

This round of financing is an important signal that ChaoShang Technology's magnetorheological suspension system products are mature and entering the pre-installation market. The participation of the Industrial Guidance Fund of Hangzhou Fuyang Economic and Technological Development Zone will further enhance ChaoShang Technology's advantages in the field of intelligent manufacturing.