2023-12-29
Recently, Shenzhen PVE Clean-tech Co., Ltd. (hereinafter referred to as "PVE" or "the Company"), a domestic supplier of ultra-high purity EP pipes, completed a Pre-B round of financing of over 100 million yuan. Well-known industry investors such as Nuoyan Capital, Fuchuang Precision, Junxin Capital, Cornerstone Capital, Huaqiang Venture Capital, and Yunshi Fund participated in this round of financing.
PVE was founded in 2017 and is a specialized and innovative enterprise focusing on high-purity clean systems and ultra-high purity EP pipes . The company's core team comes from the world's leading EP pipe manufacturers such as Valex, Jiuli Special Materials, and Geyi Engineering, and has more than 20 years of first-line pan-semiconductor industry experience. Among them, the founder and general manager Tao Ran once worked for well-known companies in the industry such as Huahong Hongli and Suntech Power, and later served as technical director at Valex China Factory, fully leading the EP production line from scratch until mass production.
In the downstream application scenarios of clean room engineering such as semiconductor manufacturing, biopharmaceuticals, and fine chemicals, process pollution control includes high-purity gas pipelines and high-purity vacuum operating systems. Among them, EP tubes are one of the most critical components, used to transport various ultra-high-purity electronic gases and chemicals. At present, the domestic EP tube market is almost monopolized by European, American, and Japanese companies. Overseas brands represented by Valex, KUZE, and Dockweiler occupy almost all market shares, and there is huge room for localization.
PVE is now on par with leading international manufacturers. In addition to its large-scale manufacturing capabilities for full-size UHP/HP products that meet SEMI standards, it has made rapid progress in the research and development of super-corrosion-resistant alloy EP pipes and vacuum system pipe fittings, and has formed a certain shipment scale. It has great advantages in localized service levels and delivery cycles, and can provide domestic customers with more timely and thoughtful product services.
Nuoyan Capital is actively committed to enhancing the core competitiveness of Anhui Province's strategic emerging industries and promoting the healthy development of Anhui Province's specialized and "hidden champion" enterprises in subdivided industries. PVE's main production and operation sites are located in Xuancheng City, Anhui Province, and it is a leading enterprise in the field of EP high-purity pipes in China. This investment is conducive to promoting the high-quality development of Anhui Province's manufacturing enterprises and is in line with the responsibility and mission of Nuoyan Capital.
Roger Zhuang, managing partner of Nuoyan Capital, said: "PVE is a leading company in the research and development and manufacturing of ultra-high purity stainless steel pipes and fittings in China. It has a good reputation in the industry and is at the leading level in China in terms of electrolytic polishing process, supply chain, cost control and yield of ultra-high purity stainless steel pipes and fittings. At the same time, it has an in-depth understanding of multiple downstream application fields and demonstrates strong customer development and technical service capabilities. We believe that PVE can flourish with the continued advancement of the domestic semiconductor industry's domestic substitution policy and achieve a market breakthrough."
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