Recently, Shanghai Lipa Optical Crystal Technology Co., Ltd. ("Lipa Optocrystal" for short), the world's leading provider of consumer-grade AR optical waveguide display devices, officially closed a strategic round of financing for the industry. The investor in this transaction is Biyi Shares. Other investors in this round, CVTE, Zijian Electronics, and ABC International, completed the transaction at the end of 2023. This round of financing will be used for the company’s iterative research and development, supply chain cooperation, and business expansion of consumer-grade AR geometric optical waveguide devices.
With the rapid development of AR technology, more and more AR smart terminals are rapidly entering the consumer field, bringing us a new spatial visual experience of exclusive giant screens anytime, anywhere. At the same time, consumers have higher and higher requirements for AR smart devices. The product structure must tend to be "small, light, and thin", have a more fashionable appearance, and must also meet the requirements for high-quality visual images. The AR geometric light waveguide two-dimensional pupil expansion device has become the first choice of optical see through solution (Optical see through / OST) with its main advantages such as excellent display performance, light efficiency, transmittance, lightweight and thin lenses and compact optical system. Core devices will lead the development direction of AR smart terminals.
As the core enterprise in the world with independent intellectual property rights for AR geometric optical waveguides, Lipai Optical Crystal has completely solved the problem of geometric optical waveguides by relying on the forward-developed key technologies of geometric optical waveguides and the molecular bonding process for high-performance optical glass. The mass production bottleneck problem greatly improves the production yield of geometric optical waveguide display devices. Through the continuous iterative development of geometric optical waveguide two-dimensional pupil expansion technology, Lipai Optical Crystal has solved the problem of miniaturization and lightweight of geometric optical waveguide devices.
At present, Lipai Optical Crystal's geometric optical waveguide devices have been widely used in AR smart terminals and consumer fields. Two-dimensional expanded pupil geometric optical waveguide devices have fully entered consumer-grade AR smart terminals and will quickly lead the explosion of the global AR consumer market.
The development of AR smart terminals has reached a turning point in the market, and the emerging industry singularity is approaching. Lipai Optoelectronics will start a new round of financing and plan to launch a new 1 million-level production capacity based on the full integration of the existing 100,000-level production capacity. Prepare production capacity reserves for the upcoming explosion of the AR consumer market.
Wen Jiwang, chairman of BYI Co., Ltd., said: AR optical technology, as an effective extension of human vision, will be widely used in various fields such as consumer electronics, intelligent manufacturing, smart medical care, cultural tourism exhibitions, and collaborative interaction in the future, and the market prospects are broad. Combined with Biyi's own strategic development plan, it will continue to improve users' intelligent experience of products through new product research and development directions such as intelligent visualization, product simulation experience, and remote control. This strategic cooperation with Lipai Optoelectronics can provide The company reserves business technology resources such as optical display modules and smart sensors required for future smart home appliances, which is also conducive to accelerating the company's diversified growth curve.
Li Wei, CEO of Lipa Optoelectronics, said: Lipao Optoelectronics relies on its own intellectual property advantages and industrialization advantages, and its latest two-dimensional pupil expansion products have entered the AR smart products of world-renowned electronic consumer giants. At the same time, the company actively expands business directions related to core technologies and has entered the fields of smartphones and automotive electronics. In the future, the company's products and technologies will quickly occupy core markets at home and abroad, providing consumer users with high-quality, high-performance smart products. Lipai Optical Crystal will combine industry resources to promote efficient matching of industry and company technologies and products, leading the rapid development of the AR geometric optical waveguide industry.
The original article was first published on the WeChat official account (Aibang VR Industry News)：Focusing on the industrialization of consumer-grade AR optical waveguide devices, Lipai Optical Crystal completed a new round of financing
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