LEADRIVE Technology closes RMB 150 mln Series B

Recently, LEADRIVE Technology (Shanghai) announced the completion of its Series B round of financing, which had raised 150 million yuan and was led by Legend Capital and co-invested by Cai Dongqing, founder of Aulton New Energy, Lenovo Capital and Incubator Group, and Shanghai Science and Technology Innovation Fund.

Recently, LEADRIVE Technology (Shanghai) announced the completion of its Series B round of financing, which had raised 150 million yuan and was led by Legend Capital and co-invested by Cai Dongqing, founder of Aulton New Energy, Lenovo Capital and Incubator Group, and Shanghai Science and Technology Innovation Fund.

This round of financing will be mainly used for mass production of high-performance motor controllers and high-reliability automotive-grade power modules, as well as for the development and market promotion of the next-generation high-power electric driving assemblies and silicon carbide technology.

Established in 2017, LEADRIVE focuses on the R&D, production and sales of new energy vehicle powertrain and high-performance domestic power semiconductor modules.

Prior to February 2019, LEADRIVE had garnered 40 million yuan from its Series A+ round of financing from Topping Capital, Ruihe Capital and Shenzhen South China Venture Capital.

In terms of employees, LEADRIVE has employed more than 70 staff, more than 50 of whom are R&D engineers, and 85% have doctoral or master degrees. The team has more than 50 patents in China and other countries.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/08/19/leadrive-technology-closes-rmb-150-mln-series-b/.

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