Core Insights - Suzhou Boli New Materials Technology Co., Ltd. (Boli Technology) has completed its B+ round of financing, marking the second round of funding within the year [1] - The company specializes in elastomer materials and 3D printing mass manufacturing solutions, having previously raised over 200 million yuan in its B round financing [3] - The B+ round financing was led by Dongqi Capital, Zhongshi Capital, Tiantang Silicon Valley, and Gewu Zhizhi Fund, although the specific amount raised was not disclosed [4] Company Developments - Boli Technology aims to advance its 3D printing large-scale manufacturing technology, smart factory construction, and explore the integration of AI technology within the 3D printing industry [4] - The company has developed HALS technology, which enhances printing speed by 20 to 100 times compared to traditional methods, facilitating industrial-scale 3D printing [4] - Boli Technology's self-developed elastomer materials are utilized in various consumer products, including footwear, bicycle seats, and shock-absorbing helmets, covering the entire process from midsole to shoe mold [6] Market Context - The global footwear market is projected to reach $435 billion in 2024 and exceed $460 billion by 2025, with a CAGR of approximately 3.8% [8] - China, as the largest footwear producer and consumer market, is expected to have a market size of 520 billion yuan in 2024, reflecting a year-on-year growth of 5.2% [8] - Boli Technology collaborates with well-known brands such as Li Ning, Peak, and Skechers, and has maintained rapid growth in this sector for four consecutive years [8] Industrial Applications - Boli Technology's materials are widely used in electronic components, robotics, and aerospace parts due to their lightweight and thermal conductivity advantages [10] - The company has established smart factories in Suzhou, Wuhu, and Yangzhou, achieving significant progress in process optimization and commercial exploration [10] - Boli Technology's production capabilities have reached millions of units annually, transitioning from laboratory-scale to industrial manufacturing [10] Future Strategy - The chairman of Boli Technology, Wang Wenbin, envisions a development strategy from AIGC to AIGT (Artificial Intelligence Generated Terminal Products), utilizing IoT systems to create a dynamic feedback loop for design and manufacturing [11] - The company aims to complete custom orders within 48 hours, from design to global delivery, enhancing its operational efficiency [11] - Industry experts note that Boli Technology's advancements are contributing to a shift in the Chinese 3D printing industry from a technology-driven to a market-driven phase [11]