Core Viewpoint - Shanghai Zhirong Industrial Equipment Co., Ltd. has successfully completed several million in seed and angel round financing, primarily for new product development and market expansion [2][3] Company Overview - Zhirong Equipment focuses on new processes and intelligent equipment in industrial welding and connections, driving the development of high-performance connection technologies and quality control equipment [2][3] - The company originated from the Sheet Metal Structure Manufacturing Research Institute at Shanghai Jiao Tong University, established in 1996, and was officially founded in 2019 [3][5] Market Context - The trend towards lightweight structures in traditional transportation tools is becoming increasingly clear, especially in the context of carbon neutrality [3][4] - Lightweight technology is critical for reducing energy consumption and emissions in vehicles, with research indicating that reducing vehicle weight by 100 kg can decrease fuel consumption by 0.4L per 100 km for traditional vehicles and increase the range of electric vehicles by 10% [3][4] Technology and Innovation - Zhirong Equipment has developed proprietary technologies such as Friction-SPR (F-SPR) and Resistance Riveting (RRW) to address challenges in connecting lightweight materials and mixed material structures [4][5] - The F-SPR technology effectively resolves issues related to the brittleness of lightweight materials and the quality of connections, achieving defect-free connections without damage [4][5] Market Validation - The company has established collaborations with leading manufacturers in the power battery sector to develop new connection processes for electric vehicle battery trays, and is moving towards mass production [5][6] - Zhirong Equipment is also working with major players in the aerospace and rail transportation sectors to apply its technologies in practical scenarios [5][6] Product Development - The company has introduced intelligent resistance spot welding equipment that utilizes AI for real-time quality control, achieving over 99% accuracy in detecting welding issues [9][12] - Zhirong Equipment is expanding its product line to include connections for magnesium alloys, carbon fiber composites, and engineering plastics, with a focus on the low-altitude economy and UAVs [12][13] Investment Perspective - Investors recognize the importance of lightweight technology in the automotive, rail, and aerospace industries, noting that Zhirong's F-SPR process addresses critical challenges in these sectors [13]