HONG KONG, September 25, 2022 – (ACN Newswire) – Leaddrive Technology, a leading provider of power semiconductors and motor control solutions for new energy vehicles, recently announced the completion of Series C financing As an existing shareholder, Legend Capital continued to support this round of funding.
This round of financing will be mainly used 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 power modules and silicon carbide motor control products.
Founded in 2017, Leaddrive Technology has been committed to the development and production of high-performance power semiconductor modules and motor control units, bringing high-quality power supply to customers and consumers of global automotive companies . After five years of rapid development, Leaddrive Technology is equipped with mature technology and product solutions in power modules and motor control units. A variety of high performance IGBT power modules and main drive dual motor controller products developed by Leaddrive have been installed in several hybrid models from many OEMs, achieving massive shipments and fully penetrating the passenger car market. With many industry-leading test indicators in vehicle testing, Leaddrive’s independently developed silicon carbide motor controller has also been nominated and recognized by many downstream customers in the global market.
Going forward, Leaddrive will focus on the two foundations of electrification of power semiconductor modules and motor control units, and will continue to invest in developing advanced technologies, iterating the platform -form of products, capacity expansion and other areas. By leveraging its technological advantages, Leaddrive works with industry chain partners to strengthen the electrification trend of the automotive industry and make outstanding contributions in promoting the technological progress of the industry.
Dr. Jie Shen, CEO of Leaddrive, said, “Currently, the company is in a critical phase of rapid development of large-scale delivery. This round of financing will be mainly used for the construction and implementation of the company’s power module packaging production. line and the replenishment of working capital for several mass production projects. For the smooth running of this round of financing, I would like to thank all new and existing shareholders for their trust and strong support. With the pursuit of excellence in our mind, we take it as our duty to promote the technological progress of the industry as well as to make continuous innovative contribution to the development of the new energy vehicle industry in China. »
About Legend Capital
Founded in 2001, Legend Capital is a leading venture capital and private equity investor focused on start-up and growth opportunities in China, with offices in Beijing, Shanghai, Shenzhen, Hong Kong and Seoul, in Korea.
It currently manages USD and RMB funds of over $10 billion in commitments and has invested in approximately 600 companies, spanning the technology, healthcare, consumer, business services and technology sectors. smart manufacturing. Rooted in China, Legend Capital has helped many world-renowned companies grow through strong investment coverage and systematic post-investment value addition. Over the years, Legend Capital has also become a widely recognized name in bringing together key resources in China and abroad through cross-border business, and a valuable partner for Chinese and foreign investors.
Legend Capital values long-term sustainable investing and integrates ESG into its long-term development strategy. As a UNPRI signatory since November 2019, Legend Capital is among the first group of top venture capital/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).
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