HONG KONG, Sept. 25, 2022 /PRNewswire/ — (ACN Newswire) — Leadrive Technology, a leading supplier of power semiconductors and motor control solutions for new energy vehicles, recently announced that it has closed its Series C funding. As an existing shareholder, Legend Capital continued to support this round of funding.
This funding round will mainly be used to build IGBT/SiC power module packaging production lines, operate rapid production of motor control products, and research and develop the latest generation silicon carbide power modules and motor control products.
Founded in 2017, Leadrive Technology is committed to the development and production of power semiconductor modules and high-performance motor control units, providing high-quality power to automotive enterprise customers and consumers around the world. After 5 years of rapid development, Leadrive Technology has mature technology and product solutions in power modules and motor control units. Various high-performance IGBT power modules and main drive dual motor controller products developed by Leadrive have been installed in several hybrid models of many OEMs, achieved mass shipments, and entered the passenger car market in earnest. Leadrive’s independently developed silicon carbide motor controllers with many test metrics at industry leading levels in vehicle testing are also specified and recognized by many downstream customers in the global market.
In the future, Leadrive will focus on two major electrification bases, power semiconductor modules and motor control units, and continue to invest in advanced technology development, product platform iterations, capacity expansion, and other areas. . Leveraging its technological advantages, Leadrive, in cooperation with industry chain partners, empowers the electrification trend of the automotive industry and makes a significant contribution to promoting the industry’s technological progress.
Dr. Jie Shen, CEO of Leadrive, said: We would like to thank our new and existing shareholders for their trust and strong support in making this fundraising run smoothly. It is our duty to promote the technological progress of the industry and make continuous and innovative contributions to the development of China’s new energy vehicle industry. ”
About Legend Capital
Founded in 2001, Legend Capital is a leading VC&PE investor focused on early and growth stage opportunities in China, with offices in Beijing, Shanghai, Shenzhen, Hong Kong and Seoul, South Korea.
It currently manages over US$10 billion USD and RMB funds, investing in nearly 600 companies covering technology, healthcare, consumer, enterprise services and intelligent manufacturing sectors. Rooted in China, Legend Capital has participated in the rise of many world-leading companies with its solid investment scope and systematic post-investment value addition. Over the years, Legend Capital has become a well-known name for bridging key Chinese and overseas resources through cross-border activities, making it a valuable partner for Chinese and overseas investors.
Legend Capital focuses on long-term sustainable investments and incorporates ESG into its long-term development strategy. Legend Capital, which signed UNPRI in November 2019, is one of the first group of top VC/PE firms in China to join the initiative.
For more information, please visit www.legendcapital.com.cn/index_en.aspx and follow us on LinkedIn @Legend Capital (https://www.linkedin.com/company/legend-capital).