A CNC equipment company focusing on aerospace received hundreds of millions of yuan in Series D financing

Recently, Shanghai Tuopu announced that it has completed a round D financing of several hundred million yuan . The investors include Fengcang Fund, Dongchao Investment, Jiufit, and Legend Capital.

Founded in 2007, Topu Technology is a CNC equipment manufacturer whose products are mainly used in the field of aerospace vehicle production. Specific products include five-axis linkage CNC machine tools, aerospace department/final assembly intelligent equipment and intelligent production lines.

my country has always had many machine tool companies, but they are generally small in scale, lacking industry giants and benchmarks. Overall, they are "big but not strong". The level of technological development still lags behind that of developed countries. High-end CNC machine tools are still mainly imported, and the self-sufficiency rate of core components of machine tools is low.

From the perspective of application areas, the application scope of high-end machine tools covers key pillar industries related to national security, such as energy, aerospace, military industry, and shipbuilding. In addition, the accelerated industrial upgrading of downstream key industries such as automobiles, aerospace, and medical equipment has further increased the demand for high-end machine tools.

In order to break through the "bottleneck" technology in the aerospace field, Topu Technology relies on its core technology to develop products mainly aimed at the independent and controllable needs of high-end manufacturing equipment for major model missions in my country's aerospace field. Foreign countries have imposed strict technical blockades on such products and core technologies in China.

It is understood that Toptech delivered the world's first three-head parallel mirror milling equipment and is the only mirror milling equipment supplier in China. At the same time, the company successfully landed the first domestically produced large-scale horizontal five-axis production line in China, as well as an independently controllable domestic aircraft assembly production line.

At present, Topu Technology is widely used in the fields of typical aviation structural parts, complex and precision aerospace components, engine components, etc., and has formed good long-term cooperative relationships with core enterprises in China's aerospace field such as Shanghai Aircraft Corporation, Chengdu Aircraft Corporation, Xi'an Aircraft Industry Corporation, Xi'an Aviation Industry Corporation, Tianjin Changzheng Rocket Company, Capital Aerospace, Nanjing Morning Light, and the First Academy of Aerospace Science and Technology.

With the continuous upgrading and development of downstream industries, the requirements for machine tool processing accuracy and stability are becoming higher and higher. The demand for mid-to-high-end products is becoming increasingly prominent, and the demand for updates and upgrades is relatively large. In addition to Topu Technology, a group of domestic companies represented by Genesis, Qinchuan Machine Tool, Haozhi Mechanical and Electrical, Haitian Precision, and Qiaofeng Intelligent have emerged. They are committed to creating domestic mid-to-high-end CNC machine tool products, constantly breaking through and mastering the core technologies of mid-to-high-end CNC machine tools, and gradually forming a trend of import substitution.