YANGPU, China - TelAve -- On May 18^th, Kingwills Advanced Materials Co., Ltd. (hereinafter referred to as Kingwills^TM) announced to complete the B round financing of more than 100 million RMB. This round of financing is jointly led by China National Building Materials Fund and GPRO, together with Shaanxi Coal, Oriza and TAIHECAP. GL Ventures and Oriental Yuhong, the lead investors in the A-round, continue to provide support. TAIHECAP also serves as the exclusive long-term financial advisor. This round of fundraising is intended to expand production lines, strengthen the supply chain system, and build a top-notch talent team.

Kingwills^TM previously completed a Series A funding round exceeding 100 million RMB in 2022, with participation from GL Ventures, Oriental Yuhong, CICC Capital, Asia Green Fund and so on, becoming a star advanced materials company that combines top financial funds and industrial clients' investments. The Series B funding further introduced national advanced materials funds and local state-owned assets. In the future, multiple parties will work together to leverage industrial collaboration and resource advantages, Kingwills^TM will speed up its advantages of independent innovation of scarce materials.

More on TelAve News

• Beycome Closes $2.5M Seed Round Led by InsurTech Fund
• Tru by Hilton Columbia South Opens to Guests
• Christy Sports donates $56K in new gear to SOS Outreach to help kids hit the slopes
• "BigPirate" Sets Sail: A New Narrative-Driven Social Casino Adventure
• Phinge CEO Ranked #1 Globally by Crunchbase for the Last Week, Will Be in Las Vegas Jan. 4-9, the Week of CES to Discuss Netverse & IPO Coming in 2026

As China's leading flash-spun metamaterial enterprise, Kingwills^TM has officially launched its first 3,000t production line in the past year, which is also the largest flash-spun metamaterial production line in China. It has facilitated Hypak^TM (flash-spun metamaterial) delivery to important strategic customers in medical packaging, building envelopes, industrial and consumer goods innovation and other industries. The product quality has received widespread acclaim, and orders have been booked until 2024.

Flash-spun metamaterial has excellent properties, a wide application range and high commercial value. Flash-spun metamaterial is characterized with strong waterproof, air permeability, light weight, high strength, bacteria resistance and high cleanliness, and has nearly 100 mature application scenarios in medical packaging, building envelopes, safety protection, industrial packaging, consumer goods and other fields.

More on TelAve News

• Women's Everyday Safety Is Changing - The Blue Luna Shows How
• Microgaming Unveils Red Papaya: A New Studio Delivering Cutting-Edge, Feature-Rich Slots
• 5-Star Duncan Injury Group Expands Personal Injury Representation to Arizona
• The End of "Influencer" Gambling: Bonusetu Analyzes Finland's Strict New Casino Marketing Laws
• AI-Driven Cybersecurity Leader Gains Industry Recognition, Secures $6M Institutional Investment, Builds Momentum Toward $16M Annual Run-Rate Revenue

Chen Boyi, founder & CEO of Kingwills^TM, stated that "customer first" is the core value of Kingwills^TM, and "becoming the most creative advanced materials enterprise" is the original intention of Kingwills^TM team. Therefore, the company has attracted many elite talents from famous universities at home and abroad, including Harvard University, Max Planck Institute, Tsinghua University, Peking University and Zhejiang University. Starting from flash-spun technology, together with more advanced materials, Kingwills^TM provides innovative material solutions for more customers. This serves as the long-term goal of Kingwills^TM.