On November 12, 2025, Efang Innovation, a tech firm dedicated to smart exoskeleton systems, proudly declared the successful closure of its Pre-A funding round, raising tens of millions of yuan. This significant funding milestone was co-led by two renowned investment giants, Hillhouse Capital and Matrix Partners China, with existing investor Truecore Capital also joining in as a follow-on investor. The freshly infused capital will be strategically channeled into pioneering technology R&D efforts, the acquisition of top-tier talent, and the acceleration of market-oriented rollouts for its core products, particularly in consumer-centric realms like outdoor sports.
