Royole raises USD 800 Million in series D funding, invests in flexible display production
The company produces advanced flexible AMOLED displays at a resolution beyond 3000ppi as well as flexible sensors. Last year, it launched a premium foldable Virtual Reality headset, the Moon, marketed as a 3D mobile theatre boasting an ultra-high resolution over 3000ppi.
Since it was established, the company has received five rounds of investments from global venture capitalists and private equity firms. In October 2016, Royole completed its pre-D round of funding with a company valuation of $3B USD, making it one of the world’s fastest growing technology start-ups.
Royole’s Series D funding includes: $240M USD of equity financing from Warmsun Holding Group, Hanfor Capital, SPD Bank, Zhonghai Shengrong Capital, and TanShi Capital; and $560M USD of debt financing from Bank of China, Industrial and Commercial Bank of China, China CITIC Bank, Agricultural Bank of China, and Ping An Bank.
“Royole’s mission is to create unique technologies and products to improve the way people interact with the world. In the past five years, we have been focusing on the innovation, development and production of super-thin flexible displays, transparent flexible sensors, and 3D mobile theater devices,” said Royole Founder and CEO, Dr. Bill Liu.
“The funding from our impressive Series D partners will help our company to invest more in R&D, production, and sales to accelerate every aspect of the company’s growth. We look forward to working with our partners together to build a wonderful ‘Flexible+’ world.”
Royole’s core technologies and products include the world’s thinnest full-color AMOLED flexible display with a thickness of only 0.01mm and a bending radius of 1mm; novel flexible sensor technology on transparent, super-thin, flexible film; and Moon. Over the last five years, Royole has filed more than 1,200 core technology intellectual property rights.
In Q4 2015, the company began development and construction on its $1.7B USD international flexible display campus (the world’s first Quasi-G6 fully flexible display production line) in Shenzhen.
The annual capacity of the new 1.1-million-square-foot production line is expected to be more than 50 million flexible display units and able to support a large number of consumer electronics, intelligent transportation, smart home appliances, sportswear, fashion, home decor, robotics, education and many other industrial applications.
Royole – www.royole.com
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