Leadrive Technology Closes Series C Financing

Leadrive Technology, a Hong Kong based supplier of power semiconductor and motor control solutions for new energy vehicles, completed its series C financing.

The amount of the deal was not disclosed.

Existing shareholder Legend Capital continued to support this round of financing.

The company intends to use the funds for the construction of the IGBT/SiC power module packaging production line, the operation of the rapid production of motor control products, and the R&D of the latest generation of silicon carbide power modules and motor control products.

Founded in 2017 and led by Dr. Jie Shen, CEO, Leadrive Technology has been committed to the forward development and production of power semiconductor modules and high-performance motor control units, bringing high-quality electric power to global automotive enterprise customers and consumers.

In the future, the company will center on the two core electrification foundations of power semiconductor modules and motor control units, and continue to invest in advanced technology development, product platform iteration, capacity expansion, and other fields. By leveraging its technological advantages, Leadrive works with industry chain partners to empower the electrification trend of the automotive industry and make outstanding contributions to promoting the technological progress of the industry.