Shanghai Longsheng Optoelectronic New Materials Co., Ltd. completed nearly 100 million yuan in Series B+ financing

On February 19, 2024, Shanghai Longsheng Optoelectronic New Materials Co., Ltd. successfully completed a B+ round of financing of nearly 100 million yuan. This round of financing was jointly led by Yida Capital and Ancheng Capital, with Duowei Capital serving as the exclusive financial advisor. The funds raised will be mainly used for production line construction, equipment procurement, personnel recruitment and R&D investment. Longsheng Optoelectronics focuses on automotive scenarios and has developed products such as white wide-temperature LCD dimming film, black wide-temperature LCD dimming film, and direct-attached wide-temperature dimming film, which have the functions of sunshade, privacy protection, heat insulation, temperature control, and light control. With functions such as partitioning, it is planned to introduce a new coating production line in 2025 to increase mass production capacity.