Shijia Technology Completes Strategic A-Round Financing of Over 100 Million Yuan

On July 11, Shijia Technology Co., Ltd. officially announced that it has completed a strategic A-round financing of over 100 million yuan. The financing was jointly led by Xingyuan Capital and industrial capital, with participation from the Tongji University Innovation Fund and support from the state-owned capital of the Pinghu Economic Development Zone. The funds will be primarily used for the construction of an advanced intelligent manufacturing center with an annual production capacity of 500,000 sets and the R&D of key technologies for the third-generation fully active suspension system. With the infusion of industrial capital, Shijia Technology has emerged as a benchmark enterprise in the domestic intelligent suspension sector. As the industry undergoes technological transformation, the concept of 'intelligent mobile third space' is gaining traction, and ride comfort is becoming a rigid demand for users, shifting intelligent suspension from 'high configuration' to 'standard configuration'. Shijia Technology focuses on the independent R&D of intelligent suspension control systems and core components, launching China's first integrated closed-loop air supply unit, and possessing full-stack development and mass production capabilities across algorithms, software, hardware, structure, and testing. The core team consists of elite members from top universities such as Tongji University, Tsinghua University, Beijing Institute of Technology, and the University of Stuttgart, all having over ten years of front-line R&D and project delivery experience in the automotive and international components industries. With the vision of 'defining the era of driving and becoming a new continent in the intelligent era', this group of young entrepreneurs, mostly born in the 90s, is striving towards the grand goal of 'becoming a top 100 global supplier and a benchmark in the air suspension field'. In just three years since its establishment, Shijia Technology has successfully launched China's first 'eight-in-one integrated closed-loop air supply module' and 'fully active suspension', achieving significant technological innovations across multiple fields. The company has pioneered software algorithms for adaptive control of complex conditions, greatly enhancing the riding experience under challenging circumstances. With deep layouts in four dimensions—product, architecture, algorithm, and integration—Shijia has established a full-stack closed-loop advantage. From the breakthrough of integrated closed-loop systems to enhance performance, to implementing dual-mode control modules for precise damping adjustments; from adapting to 400/800V high-voltage platform solutions to expanding performance boundaries, to personalized driving enabled by adjustable damping algorithms, Shijia continues to lead technological innovation in the industry. The democratization of air suspension has become standard, opening a billion-dollar blue ocean market. As electrification and intelligence drive global automotive innovation, air suspension technology is entering a critical window for technological transformation and market expansion, gradually becoming standard rather than optional. According to a research report by Huashan Securities, the penetration rate of the domestic air suspension market has accelerated from 3.3% in the first half of 2023, and is expected to reach 15% by 2025, with the market size potentially exceeding 27 billion yuan. It is rapidly expanding with a compound annual growth rate of over 36%, becoming a high-growth incremental sector within intelligent chassis. With the evolution of technology from 'semi-active' to 'fully active', structure from 'separated' to 'integrated closed', and collaborative models from 'integrated point' to 'dispersed cooperation', the software technology of the intelligent era endows traditional suspensions with a soul—capable of actively adjusting suspension stiffness adaptively under various conditions, leading to smoother, smarter, and more efficient driving. Meanwhile, the integrated evolution of closed-loop systems achieves significant cost reductions and performance improvements, penetrating models priced at 200,000 yuan, thereby creating a new billion-level growth track. As the localization process accelerates, the foreign monopoly is being broken, and more domestic suppliers are emerging. Shijia Technology, with its core patents and the ability to achieve mass production of closed-loop systems, has become a leader in the industry. With its strong capabilities, the company has established partnerships with several leading OEMs, and its industry influence continues to grow. In the face of challenging road conditions, such as bumpy roads and potholes, its products excel in stability, comfort, and handling, successfully winning orders due to their comprehensive advantages. Relying on a mature One Box platform and a flexible and scalable software and hardware system, Shijia continues to strengthen its product capabilities and engineering delivery capacity, accelerating its integration into the core supply chains of mainstream manufacturers. It has already established collaborations with several OEMs, securing multiple key SOR and designated projects from leading domestic brands, with its technological achievements accelerating market transformation. The capacity is about to land, with bulk delivery imminent. The core production base located in Pinghu, Zhejiang, is nearing completion of its entire line relocation and upgrade, with total project investment nearing 100 million yuan. This base is scheduled to commence production in Q3 2025, at which point the company's mass delivery capabilities will reach a new level. At the same time, the company is actively exploring new opportunities in international markets to accelerate its global brand layout. Regarding market expansion, Shijia Technology has initiated an overseas layout strategy. As founder Wu Weimin stated: 'In the face of industry competition, there are always opportunities amidst crises, and the internationalization of Chinese components is imperative.' Ecological co-creation for mutual benefit positions Shijia Technology as a super collaborator in the intelligent suspension sector, focusing on 'ecological co-creation for mutual benefit'. In the air suspension field, the company connects upstream suppliers of core components such as air springs and compressors, collaborates with midstream system integrators, and downstream vehicle manufacturers, co-building technical standards and sharing R&D resources to streamline the full chain from component innovation to vehicle adaptation, enabling air suspension technology to be efficiently applied to various vehicle models. Shijia Technology always adopts an open stance to connect all parties, pushing for technological breakthroughs through collaboration and constructing a new ecological landscape for future mobility through mutual benefits. Jia Kun, General Manager of Xingyuan Capital, expressed: 'As a firm believer in investing in technology innovation enterprises, we are thrilled about the groundbreaking achievements Shijia Technology has made in the intelligent suspension field. The Shijia team has deep expertise in intelligent suspension technology, with highly innovative products and technologies; moreover, the team is decisive and resilient, having gathered a global and diverse range of upstream and downstream industrial partners. We believe that with its existing technological advantages and industrial resources, Shijia Technology will continue to deepen and grow in the air suspension sector, becoming a benchmark enterprise in the intelligent suspension field.' Wang Fengbin, Principal of AUTO HUB's Innovation Acceleration Camp, stated: 'Shijia Technology, as an outstanding representative of accelerated innovative enterprises, showcases hard-core technical strength and enormous market potential in the intelligent suspension sector. In just three years, it has successfully launched two pioneering products: China's first 'eight-in-one integrated closed-loop air supply module' and 'fully active suspension', with its core algorithms and patent layout leading technological innovation in the industry. Amidst the wave of automotive intelligence, domestic component companies are rewriting the industry landscape through technological breakthroughs. Shijia Technology's recent completion of A-round strategic financing of over 100 million yuan is a significant step forward in promoting the localization of intelligent suspension, which is commendable.' Zhang Zhen, Secretary-General of the Tongji Entrepreneurship Fund and Deputy General Manager of Tongji Science and Technology Park, remarked: 'As an outstanding enterprise supported by the Tongji Entrepreneurship Fund and an important member of the Tongji Automotive Industry Alliance, we feel extremely proud and gratified by Shijia Technology's rapid growth and the success of this A-round financing. We have witnessed the Shijia team's solid steps from technological ideals to industrial implementation, and its breakthroughs in core technologies and mass production capabilities exemplify the innovative spirit of hard-tech enterprises within the Tongji system. We will continue to provide comprehensive empowerment to Shijia Technology, helping it reach new heights in the domestic intelligent suspension field and accelerate the realization of its grand vision to 'enter the top 100 global supply chains'. Wu Weimin, Founder and CEO of Shijia Technology, stated: 'Since our inception, we have been able to embark on a fast track of growth thanks to the strong support and trust from various partners. The company always considers 'technological iteration capability' and 'scalability' as its core competitive advantages, deeply cultivating the intelligent suspension sector. We firmly believe that within the next ten years, a representative Chinese suspension enterprise will definitely emerge in the top 100 global supply chains. In the face of the opportunities and challenges brought by industry changes, our team is striving towards this goal.'