Core Insights - Light Beauty Electric, a smart dishwasher manufacturer, has completed nearly 100 million yuan in Series B financing led by New Light Capital and Golden Home, with participation from Xiaomi [2] Group 1: Company Overview - Light Beauty Electric was established in 2019, focusing on the research, manufacturing, and retail of smart dishwashers, offering three main series: countertop, fully embedded, and semi-embedded [2] - The company addresses four major pain points in Chinese kitchens: heavy oil, large cookware, strong disinfection needs, and small cabinets, through localized innovations such as flexible dish baskets and 135° washing and disinfection integration [2] Group 2: Financing Purpose - The funds from this round will be invested in a 500 million yuan digital factory project in Zhangjiagang High-tech Zone, which will establish three smart production lines with an annual capacity of 1 million units and a national-level laboratory [3] - The investment will also enhance the "washing and storage" technology iteration to extend the antibacterial storage cycle and improve the cost-performance ratio of mid-to-high-end products, supporting Xiaomi's offline channel expansion and the overall kitchen scene implementation with Golden Home [3] Group 3: Investment Rationale - New Light Capital sees potential in Light Beauty's localized innovation approach in a blue ocean market with only 4% penetration, along with the rapid pace of technological iteration and the synergy with Xiaomi's ecosystem and Golden Home's kitchen scenarios [4] - The team possesses both manufacturing and consumer insights, indicating that a significant market explosion is approaching, making the investment timely [4] Group 4: Industry Trends - The Chinese government has recently encouraged the promotion of green smart home appliances in rural areas, leading to unprecedented support from local governments [5] - The management's professional due diligence has identified high-growth sectors, reflecting a commitment to responsible investment practices [5] - Light Beauty's team is expected to excel in niche demands, potentially becoming a benchmark for domestic brands as market penetration surpasses 10% [5]