In year 2022, Elite Photonics Technologies completed an angel round investment amount to tens of millions RMB led by Yuanhang Capital.

Beijing Elite Photonics Technologies Co., Ltd. headquarter is located in Shunyi GLP I-Park, Zhongguancun, Beijing. It is a high-tech enterprise specializing in the design of next-generation silicon optoelectronic integrated circuits. The company has gathered an excellent team of international experts in the field of silicon optoelectronics and has established a complete supply chain for its silicon photonics chip production, which includes design, foundry, packaging and testing. The company is committed to promote the development of domestic silicon photonics industry and becoming an innovative leader

Mr. Fang Xusheng, CEO of Elite Photonics Technologies, stated that the founding team of the company consists of internationally renowned experts in the fields of photonics and electronic integrated circuits.  They possess expertise from chip design to mass production, and able to ensure that the company products have the leading advantage in volume, cost, yield, and repeatability. The early product has fulfilled international standard and has competitive advantage. The company's product designs have undergone multiple wafer-runs. The company has forged strategic collaboration with top global silicon photonic foundries. The company has established a complete supply chain from wafer fabrication to packaging, which provides crucial support for the mass production and product yield improvement. The company leverages its strengths to launch a series of high-end silicon-based optoelectronic chips to serve the China's domestic market, and address the current technology bottleneck in China.

Mr. Wang Xinhe, co-founder of Yuanhang Capital, stated that silicon-based optoelectronic integrated circuits are a highly promising field in and represent a revolutionary technology. Similar to the development of third-generation and fourth-generation semiconductors, silicon-based optoelectronic chips have advantages that is irreplaceable by the microelectronic chip. In the field of optical communication, silicon photonic integrated circuits technology is most likely to replace the current generation of optical modules used in 5G communication and data centers within the next 3 to 5 years. It has great potential to rapidly capture a market worth hundreds of billions in RMB. Currently, the successful commercialization of silicon photonic integrated circuit products is only around for about five years, and China has only just started the production of 200Gbps/400Gbps products. The capability of Elite Photonics Technologies' core team in silicon photonics chip design, wafer process, and their ability to offer short development time have allowed them to successfully prototyped their 400Gbps and 800Gbps products swiftly. These are the key deciding factors for Yuanhang's investment in Elite Photonics Technologies.