Leadrive Technology, a Hong Kong-based provider of semiconductor modules and electric drive solution platforms, raised over RMB600M in Series D funding.
Legend Capital, as an existing shareholder of Leadrive, co-led the financing round, which saw participation from Legend Capital. The Series D was completed in succession to Volvo Car Technology Fund AB’s strategic investment in Leadrive for its Series C+ round over the past month. Leadrive has been supported and favored by various investors, including industrial capital, private equity investment, and insurance funds.
The company intends to use the funds to supplement operating cash flow, expand production capacity, and develop next-generation power modules, power bricks, and silicon carbide (SiC) technology.
Established in 2017, Leadrive has developed and launched semiconductor modules and electric drive solution platforms, which have been put into mass production. As of now, it has achieved designated and mass production on over 30 flagship models of leading passenger vehicle OEMs at home and abroad. The company has also established cooperation with international OEMs and Tier 1 suppliers, ensuring the high-quality and stable supply of electric control systems and power module products in overseas markets.
FinSMEs
10/10/2023