Recently, Shanghai-based Leadrive Technology (Shanghai) Co., Ltd.(臻驱科技) announced the completion of a D round of financing. The amount of financing exceeded 600 million.
Founded in 2017, Leadrive Technology is a high-tech company dedicated to providing domestic power semiconductors and drive solutions for new energy vehicles, and its main products include power semiconductor modules, single motor controllers, dual motor controllers and so on.
Since its establishment, Leadrive Technology has set up a number of subsidiaries in Shanghai, Guangxi, Zhejiang, Germany and other domestic and international regions. At present, the company has nearly 300 patents and applications, has won dozens of technical achievement awards, and has a wealth of experience and knowledge accumulation in the field of power electronics industry and automotive engineering. Leadrive Technology is developing a variety of new energy vehicles high-performance motor controller and self-research power module, and has been the first-line passenger car OEMs and Tier-1 suppliers at home and abroad dozens of models mass production and fixed point, silicon carbide module and electronic control of the OEM certification progress in the industry leader.
The global power semiconductor market was valued at USD 48.9 billion in 2022 and is projected to reach USD 79.9 billion by 2032, growing at a CAGR of 4.9% from 2023 to 2032. Vehicle electrification, carbon emission reduction goals, and clean energy production significantly accelerated the power semiconductor industry's growth.
In terms of internationalization, Leadrive Technology set up a subsidiary in Germany as early as 2017, responsible for European business development and research and development, and its service customers include Volkswagen, Volvo, Schaeffler, India Tata and other internationally renowned enterprises. In addition, in the field of third-generation power semiconductors, Leadrive Technology has also established a joint laboratory with Japan's Rohm Semiconductors, completed the iterative development of a variety of silicon carbide modules, and realized the simulation, testing and efficiency improvement from the device, electronic control to the level of the entire vehicle.
The rapid development of the power semiconductor industry has also attracted a number of enterprises influx. Domestically, there are Focuslight Technologies, HHGrace, Innoscience, etc.; overseas there are Infineon, ST, ONSemiconductor and other well-known large enterprises.
The round of financing was jointly led by Legend Capital(君联资本) and Oriza FoFs Investment(元禾辰坤), with the participation of a number of head investment institutions, including C Capital(C资本), Xinshang Investment(新尚资本), Huatai Baoli Investment(华泰宝利投资), Duncheng Investment(敦成投资), Royal Stars Venture Capital(九颂繁星), and Cai Xiaodong(蔡晓东), Founder and President of Alpha Animation and Culture(奥飞娱乐). Leadrive Technology indicated that the financing will be mainly used for operating cash flow replenishment during the business outbreak stage, capacity expansion, and research and development of next-generation power modules, power bricks and silicon carbide technology.