KingSi Power announces the completion of its Series A funding led by Eastern Bell Capital, followed by Xiamen C&D Emerging Industry Equity Investment Co., Ltd, on Mar 23rd. Under the guideline of building new energy and new infrastructure, KingSi will continue to expand its portfolio of digital power distribution products to fit in more usage scenarios.
KingSi Power, funded in 2020, has become the top player of the digital power distribution industry. They have achieved a disruptive innovation on the traditional power distribution system, by integrating power semiconductors, advanced materials, and digital technologies. KingSi has launched their new generation of smart switch products that improves the intelligent connectivity on the power grid's end.
Yingchun Zhu, the partner of Eastern Bell Capital, claims that they have kept their eye on opportunities that are driven by innovative techologies and products. They believe that a more digitalized and intelligent power distribution solution is needed, as the traditional power distribution system can’t satisfy the requirement of 5G telecommunications, data center, photovoltaics, and new energy vehicles.
To better serve the usage of 5G network, KingSi have developed a digital advanced solid-state circuit breaker and it was a huge success, resulting in many orders. At the same time, the investors are also thinking highly at the KingSi’s which consisits of both scientists and entrepreneurs, led by Mr. Changyun Shi, who is also the KingSi's CEO.