Lixin Electronic Technology (Baiantu) completes 1500 million A-round financing, accelerating global expansion
Key Points
- Funding amount: 1500 million CNY, led by a renowned hard-tech fund.
- Funds will be allocated to overseas warehouse construction, R&D expansion, and supply chain digitalization.
- Serving 10,000+ enterprise customers across industrial control, automotive electronics, and more
On 2026/9/15, Shenzhen Lexin Electronic Technology Co., Ltd. (Baiantu) announced the completion of its 1500 million yuan Series A financing round.
This funding round was led by a renowned hard-tech fund, with participation from existing investors. The raised capital will be deployed across three key areas: 1) Building overseas warehouses, including regional distribution centers in Southeast Asia and Europe to reduce delivery cycles for international customers; 2) Expanding the R&D team by recruiting top talent in embedded systems and AI-powered quality inspection; 3) Upgrading supply chain digitalization through an end-to-end intelligent procurement and quality traceability platform.
Le Xin Electronics Technology was founded in 2018, specializing in electronic component supply chain services and serving over 500 enterprise clients across industrial control, automotive electronics, and consumer electronics. The company's CEO stated that this round of funding will accelerate its global expansion, with a target to achieve more than 30% of overseas revenue by 2027.
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