Recently, E-tronic, a Guangzhou-based auto power semiconductor supplier, received more than CNY 100 million from its A-round financing, which is expected to be used to improve factory capacity.
On October 14, automotive power semiconductor E-tronic (Chinese: 中科意创) announced the completion of its A-round financing exceeding CNY 100 million (USD 14 million), which was led by Infinity Capital (Chinese: 英飞尼迪资本), followed by South China Venture Capital (Chinese: 中南创投), Shiying Fund (Chinese: 视盈基金), Bingchuan Capital (Chinese: 冰川资本) and Lerong Capital (Chinese: 乐融资本). The fund will be mainly used to construct the production line of the third-generation SiC Power Module.
E-tronic, founded in 2021, is a Guangzhou-based automotive power semiconductor provider committed to auto power semiconductor and functional safety research. It aims to be the most prominent Chinese domestic automotive power semiconductor and system application provider within five years. It has three primary product platforms producing SiC motor controller, SiC power module and battery management system respectively.
Wang Yun, chairman of E-tronic, said: “E-tronic has served lots of OEMs and received their recognition by providing high-class SiC Power Module and other related products. E-tronic presently has many orders worth CNY 100 million, expected to bring more than CNY 500 million sales revenue.”
With capital support, E-tronic will increase its investment in technological research to maintain competitiveness in the field of auto power semiconductors.