Gasgoo Munich-Gasgoo learned on March 18 that Sitanch Technology has successfully closed a B3 funding round worth nearly 100 million yuan. The round was backed by investors including the Xiamen Advanced Manufacturing No. 1 Fund, Xiamen Science City Mother Fund, Industrial Capital, and Longhua Capital.
This brings the total raised in the company's Series B rounds to more than 200 million yuan. Proceeds are earmarked to accelerate the commercial rollout of automotive projection and AR displays, while expanding into diversified areas like industrial visual inspection—moves designed to solidify Sitanch's competitive edge in Micro-LED technology and industrial applications.
Image Source: Sitanch Technology
Liu Zhaojun, founder and chairman of Sitanch Technology, said the funding underscores strong confidence in the company's technical prowess and commercial potential. Moving forward, the firm plans to foster an open, win-win approach, deepening supply chain collaboration to build a healthy Micro-LED ecosystem and drive high-quality breakthroughs in China's display sector.
The past year has been fruitful for Sitanch Technology on the Micro-LED front. The company notched breakthrough progress across its three core business lines: automotive, AR/XR, and industrial vision.
On the automotive front, the company successfully taped out its proprietary CMOS driver chip in a single attempt during the fourth quarter of 2025. Leveraging Die-to-Wafer bonding, a low-cost "One Chip" solution, and active-matrix (AM) driving technology, its automotive Micro-LED modules secured targeted development contracts and mass-production orders from top-tier international clients. The second-generation Sicheng® and Siyao® module series now cover high-end OE, aftermarket, and general markets.
In the AR/XR sector, the single-green product line secured orders from key clients and deliveries are underway. The company also led a major national project focused on the colorization of micro-LED array manufacturing. Meanwhile, the industrial vision division won a contract to develop a visual inspection system for a publicly traded company, with related products set for full mass production in 2026.
The funding round coincides with a key management shift: Yue Xingwei has officially taken the helm as CEO. Bringing years of deep experience in the semiconductor display and capital markets, Yue will steer the company toward commercialization, aiming to make it the first Micro-LED enterprise in the industry to turn a positive EBITDA.
