China's VMP Secures $14.9M for Cutting-Edge "Dark Factory" Ahead of IPO

Jiangsu Vilory Advanced Materials Co., Ltd. (VMP), specializing in producing metal powders for additive manufacturing and operating out of Xuzhou, China, has successfully obtained CNY 100 million (approximately $14.9 million) through a Series C+ financing round. Key investors in this round include Jiangsu State-owned Capital Investment and Suneng Co., Ltd. The newly acquired funds will be directed toward developing Phase 4 of the VMP New Materials Industrial Park and advancing research and development initiatives centered on new materials and equipment.

VMP Targets Major Funding for IPO Ambitions

VMP is gearing up for a Series D funding round, aiming to raise between CNY 300 million and CNY 500 million to enhance its production capabilities and prepare for an initial public offering (IPO). The company has successfully secured nearly CNY 800 million through various financing rounds. Notably, in December 2025, VMP concluded a Series C round that brought in approximately CNY 310 million, elevating its post-money valuation to CNY 2.11 billion. VMP claims this was the largest single financing event in China for metal materials used in additive manufacturing in 2025. Additionally, the company boasts national-level "Little Giant" status and serves as a pilot reform model company under the auspices of SASAC.

• VMP's Phase 3 facility, known as an unmanned factory, has officially begun operations
• Features over ten EIGA production lines
• Phase 4 lights-out factory projected to significantly enhance capacity
• Annual production of 3,000 tonnes of titanium powder
• Annual production of 5,000 tonnes of copper powder
• Annual production of 2,000 tonnes of aluminum powder
• Production of high-strength steel powders