Recently, the servo press manufacturer, Suzhou S-T Intelligence Technology Co., Ltd. completed tens of millions of yuan in Series A financing, Zen Advisory as financial advisor. This round of financing will be mainly used for the company's expansion of production capacity, new product research and development, and the promotion of the landing.
Financing of S-T Intelligence
Founded in May 2021, S-T Intelligence offers one-stop complete servo stamping solutions to customers, ranging from servo presses, servo motors, servo drives and control systems with independent intellectual property rights, stamping process analysis, to stamping automation ancillary equipment.
Presses are general-purpose machines used for cutting, punching, stamping, bending, riveting, forming and other processes, and can be widely used in processing automotive parts, electronic parts and other high-precision, difficult-to-form part. As an upgraded product of traditional mechanical presses, servo presses can accurately control the motor movement, improve the stroke curve of the mechanical movement and regulate the pressure and time of holding pressure, which can effectively shorten the processing cycle and improve the forming efficiency.
S-T Intelligence currently has a variety of mature servo press series, mainly in the field of battery shells, but will gradually penetrate into the new energy vehicle, home appliance, as well as the larger overall press related market in the future. Mr. Yang, co-founder of S-T Intelligence said, "Multinational automotive giants have been using servo presses in the production of parts, while most of the domestic car companies are still using mechanical presses, which leaves a lot of room for domestic substitution."
According to reports, the servo presses self-developed by S-T Intelligence can significantly improve the single set of production efficiency of the battery shell automatic production line. Square aluminum shell production line can be designed to achieve production efficiency of 60-80 PPM, 46-series production line is designed to achieve efficiency of 400-450 PPM, and 18650 can be achieved 550-600 PPM. Meanwhile, the related equipment covers an area of only 1/3 of the traditional stamping production line, and the labor required is only 1/3 of the original.
Advantages of S-T Intelligence's Servo Press
"Not only that, but the price of servo presses self-developed by S-T Intelligence is only half or even less than that of foreign imported presses, which is a clear advantage at the price end. And the delivery time of foreign equipment is generally 6-12 months, which is incompatible with the current domestic market. Our delivery time is also faster." Mr. Yang said.
With the product advantages, S-T Intelligence has entered the supply chain of the leading domestic battery manufacturers, and currently can deliver 7-9 presses per month stably.
Mr. Yang said that imported press is not only expensive but also difficult to achieve customized design. The domestic market needs a domestic brand of servo press. Our products are in a stage where demand exceeds supply. The repurchase rate is extremely high. "Our plan is to double our production capacity within three months, and within 12 months, the factory will reach 10,000 square meters."
Mr. Li, partner of Zen Advisory, said: "The S-T Intelligence team has comprehensive technical reserves including servo presses, stamping processes, servo motors, drives, etc. Starting from the control system, the most difficult key part of the servo press, combined with our own R&D advantages in servo press structure, we have independently developed a servo press control system and a special machine which is a breakthrough in the industry, comparable with foreign brands. Its future applications will be not only in new energy batteries, but also in the automotive industry and even more sophisticated manufacturing industries."
Excellent customer service is our highest priority. We are committed to providing our customers with the best service both before and after the order.
