Coffer
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Coffer - overview
Established
2002
Location
Xiamen, Fujian, China
Primary Industry
Chemicals
About
Based in Xiamen, China, and founded in 2002, Coffer operates as a new gas-producing material developer, dedicated to the research, development, and production of new gas-producing materials for airbags. The company was awarded the National Export Model Enterprise and the Torch Program Enterprise of the Ministry of Science and Technology. In November 2023, it raised CNY 2. 85 million in strategic investment from new investors Industrial Capital Management and Sanming Venture Innovation Venture Capital.
In January 2025, the firm raised CNY 25. 19 million in venture funding. The company mainly produces gas-producing materials for automobile airbags, and its main products are ultrafine guanidine nitrate, alkaline copper nitrate, and ultrafine copper oxide. Other products include hand-delivered dispersible smoke-generating tear gas grenades, complex nitrate gas producers, 2,4-dinitrotoluene, and calcium carbonate.
The materials can be used in the defense industry, aerospace, special firefighting, large air cushions, and police equipment. The company’s revenue is generated by providing new gas-generating materials for airbags. The company will use the funding for project construction.
Current Investors
Industrial Securities Capital, Sanming Venture Innovation Venture Capital, Chengrenchengshi
Primary Industry
Chemicals
Sub Industries
Molecular Chemicals, Advanced Materials
Website
www.cofferxm.com
Verticals
Manufacturing
Company Stage
Early Stage
Total Amount Raised
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