Leadrive Technology develops semiconductor modules and electric drive solution platforms that have been put into mass production for passenger vehicles. Its products have achieved designated and mass production on over 30 flagship models of leading passenger-vehicle OEMs domestically and abroad. The company has established cooperation with international OEMs and Tier 1 suppliers, supporting high-quality and stable supply of electric control systems and power module products in overseas markets. Leadrive intends to use recent financing to supplement operating cash flow, expand production capacity, and develop next-generation power modules, power bricks, and silicon carbide (SiC) technology. Founded in 2017 and based in Hong Kong, the company serves both domestic and international automotive customers. It has been supported by various investors, including industrial capital, private equity investors, and insurance funds. Leadrive Technology is a Hong Kong-based supplier of power semiconductor modules and high-performance motor control units serving new energy vehicle customers. Founded in 2017 and led by CEO Dr. Jie Shen, the company develops IGBT and SiC power modules and motor control solutions. It plans to construct an IGBT/SiC power module packaging production line and to scale rapid production of motor control products. Leadrive intends to fund R&D of next-generation silicon carbide power modules and motor control products while investing in product platform iteration and capacity expansion. The company says it will leverage its technological advantages and work with industry chain partners to support automotive electrification. Financial details of the recent round were not disclosed, though existing shareholder Legend Capital continued to support the company.

Total raised

$82M

Funding rounds

2

Latest round

Series D

Latest activity

Oct 2023