Recently, Zhongke Yichuang Technology Co., Ltd., a provider of new energy vehicle power semiconductors and system solutions, completed the A round of financing, with a cumulative financing amount exceeding 100 million yuan. The lead investor in this round of financing is Infinity Capital. The old shareholder Zhongnan Venture Capital and the Guangzhou Development Zone Fund’s Vision Fund continued to invest additionally. The co-investors also include well-known domestic institutions such as Glacier Capital and Le Capital.
This round of financing will be mainly used for the construction of advanced packaging pilot lines for third-generation semiconductor SiC power modules, providing solid technical reserves and high-quality mass production service guarantees for the explosive growth and mass production penetration of third-generation semiconductors. Provide upstream and downstream partners with an advanced packaging technology verification platform and create an open and innovative application base for the industry.
Zhongke Yichuang was established in March 2021. It was initiated and established by the Guangdong Greater Bay Area Integrated Circuit and System Application Research Institute and the founding team. It is a key project of the Chinese Academy of Sciences’ investment and incubation system. The founder Ren Guanghui has fifteen years of experience in automotive electronics. Experience, deep technical accumulation and extensive industry resources, more than 80% of team members have doctoral or master’s degrees, core members are mainly from Bosch, Valeo, General Electric, Huawei and other internationally renowned companies, with more than ten years of experience in Shanghai and abroad With experience in product design and development, and thanks to the personal guidance and strong support of the chief engineer of major national science and technology projects, he is committed to providing customers with high-performance new energy three-electrical systems and power semiconductor mass production solutions, focusing on automotive-grade chips and power semiconductors. And new energy vehicle controller system development.
Huang Qin, managing director and partner of INFINITI Capital, said: “The team of Zhongke Yichuang has been steadily and steadily implementing the strategic plan step by step. In terms of system business, Zhongke Yichuang has already taken the lead and has entered many High-quality car factory customers; in the two advanced packaging modes driven by system business, it is also in a leading position in the industry. In the process of accelerating the industrialization of silicon carbide to replace silicon base with a bright future, the current domestic penetration rate of automotive-grade silicon carbide In the huge market space with almost zero, Zhongke Yichuang is expected to achieve growth beyond the industry and become an industry-leading system-level company.
Wang Yun, executive vice president of the Greater Bay Area Integrated Circuit Research Institute, researcher of the Institute of Microelectronics of the Chinese Academy of Sciences, deputy director of the China Automotive Chip Alliance Special Committee, and chairman of Zhongke Yichuang, said: “Zhongke Yichuang is the research and development of integrated circuits in the Greater Bay Area. An excellent representative of the incubating enterprises in the institute, the SiC modules and system products developed by him have been verified by many car companies, and the R&D orders in hand are nearly 100 million yuan, which will bring sales revenue of more than 500 million yuan to the company in the next three years. I believe that China With the efforts of the management team and the support of various investors, Keyi Creation will surely create more brilliant achievements.”
Researcher Ye Tianchun, Dean of the Greater Bay Area Integrated Circuit Research Institute, said: “The next step in the development of China’s semiconductor industry needs to identify the development direction, combine the characteristics of the industry, focus on products, take industry solutions as breakthroughs, and differentiate positioning and layout. New energy Automobiles will bring a huge market of one trillion yuan to China. If China wants to compete equally with international partners, it must have the ability to provide products and system solutions. Zhongke Yichuang is an entrepreneurial enterprise incubated by our Greater Bay Area Research Institute. The founding team has been deeply involved in the automotive industry for many years, and has given full play to the advantages of system traction and complete machine driving. The company has entered a period of rapid growth. I hope that Zhongke Yichuang will dare to take responsibility and innovate, so as to contribute to the self-reliance and controllability of my country’s automobile industry. Contribute strength and achieve innovation leadership.”
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