Bo State Biotechnology Raises Tens of Millions in Pre-A Round Financing,
Summary
This round was led by Yuanhe Puhua, with Yaotu Capital participating, and continued support from angel investor Ruixia Investment. Their solutions aim to achieve the reduction and neutralization of hazardous paint sludge, wastewater, and VOC emissions at their source through high-efficiency, eco-friendly biological degradation methods. Currently, the companys solutions have been successfully applied on a large scale in industrial applications.According to reports, their bio-instant degradation technology, developed in collaboration with a DuPont-established team of paint experts and incubated at Fudan University and Zhejiang University in 2019, passed on-site testing at automotive component factories that same year. As of now, the technology has undergone two years of research and development testing and three years of mature application, marking the beginning of rapid iterative growth.Bo State Biotechnologys biological waste degradation solutions have already been applied and received bulk processing orders from several leading customers in the automotive industry, while also actively expanding into other industrial sectors such as manufacturing and 3C electronics.Yin Botao, partner at Yuanhe Puhua, stated, "The Bo State team possesses interdisciplinary expertise in paint and biology, strong engineering capabilities, and is globally the first to apply microbiological waste degradation technology to processes in industries such as automotive manufacturing, offering customers comprehensive waste management solutions. The market space for waste treatment is enormous, and the biological degradation method is particularly suitable for the current dual carbon and emission reduction industry trends.