3-5 Power Electronics, GmbH (35PE), a Dresden, Germany-based power semiconductor technology company, secured new financing from the Sturm Family Office (SFO) of Bad-Mergentheim in Germany.
The amount of the deal was not disclosed.
The company, which has raised €5.3m (US$6.10m) to date including funds previously secured from Shanghai-based SINO Alliance Investment Ltd., intends to use the capital to accelerate commercialization of novel gallium arsenide-based power semiconductor technology.
Founded in late 2015 by Chief Executive Officer Dr. Gerhard Bolenz, 35PE has advanced a process to deposit thick gallium arsenide (GaAs) layers on top of GaAs substrates to produce high-voltage/high-current power semiconductors to produce superior power devices at a lower manufacturing cost than devices built with silicon or silicon carbide (SiC). Near-term applications include industrial motor drives, uninterruptable power supplies, and renewable energy products, such as wireless chargers for solar and wind inverters.
Future applications include electric vehicles, robotics and 5G technologies.
FinSMEs
14/11/2018