EqualOcean learned that SENASIC（琻捷电子）, recently, has successfully completed a Series D financing round of over CNY 500 million. The financing was led by the China State owned Enterprise Mixed Ownership Reform Fund (中国国有企业混合所有制改革基金 or 混改基金), with follow-on investments from industry capitals such as Geely Capital（吉利资本）, GAC Capital（广汽资本）, and Guoqi Investment（国汽投资）. Existing shareholders, including CD Capital（晨道资本）, also increased their holdings.
Established in 2015, SENASIC is an automotive chip supplier specializing in the research, development, design, and sales of high-performance automotive-grade chips. The company is committed to providing excellent automotive electronic sensing chips and complete system solutions to its customers. Its research and development center is located in the Zhangjiang High-Tech Park in Pudong, Shanghai. The core team has extensive experience in research, design, and business management in the field of automotive sensing chips.
Up to now, SENASIC has gained recognition from numerous renowned domestic and international automotive manufacturers and suppliers, including CATL（宁德时代）, Volkswagen, SAIC（上汽）, Baolong Automotive（保隆科技）, Sany Heavy（三一重工）, and other companies. Deep strategic collaborations have been established, and the cumulative shipment volume has reached tens of millions of units.
As the level of electrification in the automotive industry continues to rise, the demand for automotive electronic chips is growing rapidly. From basic powertrain control to advanced driver assistance systems (ADAS) and autonomous driving technology, as well as automotive entertainment systems, there is a significant reliance on electronic chips.
According to the "Automotive Electronic Chip Industry Analysis Report" published by 168report, it is predicted that the global market size of automotive electronic chips will reach billions of dollars by 2023.
The major players in the Chinese automotive semiconductor market include NXP Semiconductors, Infineon Technologies, Texas Instruments, Renesas Electronics, and Robert Bosch GmbH. The top 10 companies account for nearly 90% of the market share in China.
In the future, SENASIC will continue to explore areas such as reliability design, high-precision and high-performance sensing monitoring chips, and functional safety design, aiming to enhance its independent controllability over vehicle-grade chips and provide better technical support and services to its customers.
With the support of industry investors in the new energy vehicle sector, SENASIC will achieve organic integration and comprehensively promote product upgrades and market layout, contributing to its vision of becoming a leading global automotive electronic product supplier.