State Capital Joins High Energy Digital Manufacturing's Series B Financing, Accelerating Industrialisation of Solid-State Battery Equipment [SMM Analysis]

Published: Nov 05, 2026 15:29 (GMT+8)

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[SMM Analysis: State Capital Joins High Energy Digital Manufacturing's Series B Funding, Accelerating Industrialisation of Solid-State Battery Equipment] High Energy Digital Manufacturing completed a Series B funding round of nearly 100 million yuan, with participation from Shaanxi Finance Investment Daqin Capital, Changzhou Tianning Industrial Investment, and Guangzhou Liwan Industrial Investment. This marks the second round within a year, following the Series A+ round in December 2025. The funds will be used for technology iteration, capacity, and market expansion. The company focuses on turnkey delivery of dry-process equipment for solid-state batteries, with R&D in Xi'an, final assembly in Changzhou, and pilot production in Guangzhou. Order growth in 2026 exceeded 100%, and the company has been selected as a Shaanxi provincial reserve enterprise for listing.

SMM, November 5:

Highlights:High Energy Digital Manufacturing completed a Series B equity financing of nearly 100 million yuan, with participation from Shaanxi Caitou Daqin Capital, Changzhou Tianning Industrial Investment, and Guangzhou Liwan Industrial Investment. This marks the company's second funding round within a year, following its Series A+ round in December 2025. The funds will be used for technology iteration, capacity building, and market expansion. The company focuses on turnkey delivery of dry-process equipment for solid-state batteries, with R&D in Xi'an, final assembly in Changzhou, and pilot production in Guangzhou. Its order growth exceeded 100% in 2026, and it has been selected as a reserve enterprise for listing in Shaanxi.

In early November 2026, High Energy Digital Manufacturing (Xi'an) Technology Co., Ltd. announced the completion of a Series B equity financing of nearly 100 million yuan.Shaanxi Caitou Daqin Capital, a direct investment arm of Shaanxi provincial state-owned investment institution Shaanxi Finance Investment (hereinafter referred to as "Shaanxi Caitou"), Changzhou Tianning Industrial Investment, Guangzhou Liwan Industrial Investment, and other institutions participated in this round. This is the company's second financing round completed within a year, and the raised funds will be primarily used for technology iteration, capacity building, and market expansion, further enhancing its R&D and delivery capabilities for solid-state battery dry-process equipment. (Note: The previous financing was a Series A+ round in December 2025, led by Guangzhou Industrial Control Donggao Fund, with co-investors including Guangzhou Liwan Industrial Investment, Shaanxi University Science and Technology Innovation Fund, Xi'an Talent Development Fund, and Xi'an Tianhong High-end Equipment Strengthening Foundation Innovation Fund.)
As a new energy equipment enterprise headquartered in Xi'an, High Energy Digital Manufacturing has built a product portfolio covering experimental lines, small-scale pilot lines, pilot lines, and mass production lines to meet the manufacturing needs of dry electrodes and all-solid-state batteries. Shaanxi Caitou's participation in this investment provides a new entry point for Shaanxi local capital to continue tracking this enterprise, and also brings High Energy Digital Manufacturing's technological accumulation and industrialisation progress in key solid-state battery equipment into the view of more institutions.
High Energy Digital Manufacturing's financing timeline is as follows:

[SMM Analysis]

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