By li, chen In less than 6 months, ELEGOO has once again secured significant capital backing.
On April 20, 2026, sources revealed that Shenzhen ELEGOO Technology Co., Ltd. (hereinafter referred to as “ELEGOO”) recently completed a Series B+ financing round exceeding 500 million RMB. This round was led by Meituan, with participation from SCGC, Hillhouse Capital, Yintai, Guoce Capital, Minghui Zhiyuan, and Shenzhen High-Tech Investment. Notably, this comes less than half a year after the company received hundreds of millions of RMB from DJI in a Series B round in November 2025. Simultaneously, the company’s 2025 revenue surpassed 2.3 billion RMB (a 30%+ year-on-year increase), with cumulative sales exceeding 2 million units and overseas markets accounting for over 90% of total revenue.
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Steady Growth Leads to Global Dominance
Founded in 2015, ELEGOO focuses on the R&D, production, and sales of consumer-grade 3D printers and laser engravers. Today, it stands alongside Bambu Lab, Creality, and Anycubic as one of the “Big Four” in the consumer 3D printing space. Together, these four companies control approximately 90% of the global entry-level 3D printer market.
Unlike its peers who specialized in 3D printing from day one, ELEGOO took a more “unconventional” path. While founded in 2015, its early core business was actually STEM education kits. It wasn’t until 2018 that the company officially pivoted to the 3D printing track.
That pivot marked a true turning point. With the launch of its first Mars resin (LCD) 3D printer, the company quickly captured the market, with turnover skyrocketing past 300 million RMB. Since then, ELEGOO has followed a “one blockbuster per year” growth trajectory:
2020: Saturn pre-sales exceeded 10 million RMB in just one minute.
2021: The Jupiter project raised over 30 million RMB through crowdfunding.
2022: The affordable Neptune FDM series successfully entered the market.
2023: The Phecda laser engraver launched, broadening the product portfolio.
2024: Saturn 4 Ultra 16K pushed consumer resin printing precision and speed to new heights.
2025: The flagship FDM Centauri Carbon went viral globally, followed by the multi-color Centauri Carbon 2.
As of today, ELEGOO holds the No. 1 spot globally in shipment volume for consumer-grade resin (LCD) 3D printers.
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The Shift from LCD to FDM: Uphill Battle
While ELEGOO dominates the resin market, industry trends suggest that the ceiling for resin printing is relatively limited. The technology has a higher barrier to entry due to pungent odors and tedious post-processing, which deters many casual consumers.
In contrast, FDM/FFF is the primary battlefield for the consumer market as these devices move toward mainstream household adoption. In short: Resin established ELEGOO’s advantage, but FDM will determine how far it can go.
While the Centauri Carbon series is performing impressively, ELEGOO needs more products to solidify its position in this larger market. This is why DJI’s involvement is so significant—it likely brings R&D support in addition to capital.
Now, with Meituan leading this latest round, the market is receiving a clear signal: the consumer 3D printing track is heating up with massive potential. A Meituan investment lead stated: “ELEGOO has demonstrated strong product capability and global operational excellence. We are bullish on the team’s potential for continuous innovation.”
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Goal Set: Aiming for the Industry Throne
At the 2025 company annual meeting, Chris Hong (Hong Yingsheng), Chairman and CEO of ELEGOO, delivered a powerful speech:
“I am willing to bet all the accumulation and honor of the past 10 years to strive for the top spot in the global consumer 3D printing industry.”
Hong Yingsheng wears white in the middle
A year later, with DJI and Meituan on board, the company has gained more than just “dry powder.” It has gained technical support, market resources, and top-tier endorsements. For ELEGOO, currently in a critical scaling phase, these assets are vital.
From an industry observer’s perspective, increased competition will likely drive hardware prices down further—a win for consumers. However, for the companies involved, long-term survival will depend entirely on product power.
If you ask what ELEGOO should strive to become, the answer isn’t Apple or Xiaomi. Rather, one would hope it becomes the “Huawei” of the 3D printing industry—insisting on heavy R&D investment to build a core moat and winning the market through sheer product excellence.