EqualOcean has learned that Suzhou Sizhi Technology Co., Ltd. (悉智科技), a manufacturer of vehicle-scale power and power modules , recently announced that it has completed the third round of strategic financing of nearly CNY 100 million. This financing will mainly be used to accelerate Product Research & Development and equipment procurement to meet rapidly growing customer demand.
Sizhi Technology was established in 2017 and its headquarters is located in Suzhou, Jiangsu. As a comprehensive advanced materials and power electronics application technology company, Sizhi Technology focuses on the innovation of power and power packaging modules in the fields of smart trams and clean energy. The company headquarters is located in Suzhou and has a branch in Shanghai, with a total of nearly 200 employees.
At present, Sizhi Technology has brought together a team of senior experts in key links such as power and power module product definition, design, package development, manufacturing and quality, focusing on meeting the individual needs of intelligent electric vehicle customers and providing deeply customized vehicle-grade power and power module products. The company is equipped with the most advanced vehicle-grade plastic packaging production line in China, as well as performance testing (including system level) and reliability testing , and also has a failure analysis laboratory.
Under the background of global industrial digitization and energy conservation and emission reduction, China's green energy smart electric vehicles and green energy industry are developing rapidly. The breakthrough and development of localized new high-power density and high-reliability power chips and modules is crucial to the rapid and safe development of the green industry.
In addition, with the continuous and rapid growth of new energy smart electric vehicles, the domestic vehicle-scale power chips and modules market has broad prospects, the market demand for high power density, high reliability and low cost is increasing, and the product iteration cycle is constantly shortening. With the domestic top technical team, Sizhi Technology closely matches the in-depth needs of customers, actively defines module products, and through efficient iteration, it has gained a place in the vehicle-scale power and power module market.
From January to July this year, China's auto exports hit a record high, and new energy vehicles continued to perform well and their market share continued to increase. Data show that from January to July, the export volume of complete vehicles reached 2.533 million vehicles, a year-on-year increase of 67.9%. The export volume of new energy vehicles reached 636,000 vehicles, a year-on-year increase of 1.5 times.
At present, the manufacturers involved in vehicle-scale power and power module manufacturing include EMERSON, FLEX, VICOR, Relpow Technology(新雷能), SynQor, TDK-Lambda, COSEL, 4NIC(朝阳电源), Mornsun(金升阳), etc. The market prospect of vehicle-scale power chips and modules is broad.
Sizhi Technology has been established for only one and a half years, and has completed three rounds of financing totaling nearly CNY 200 million. Investment institutions include a number of top semiconductor industry funds, well-known automakers, emerging forces and upstream and downstream core resources . This round of financing was jointly led by Huaxu Private Fund(华胥基金)and Jianfa Xinxing Venture Capital(建发新兴投资) Emerging Investment,and Liushen Capital(流深资本) continued to act as the exclusive financial advisor of Sizhi Technology.