36Kr learned that Zhenqu Technology, a domestic power semiconductor module and electric drive system solution company, has completed the B2 round of financing of 3 million yuan. This round of financing was led by CICC Capital, and new shareholders such as Rongyi Investment, China Merchants Capital and Haiwang Capital under Pudong Kechuang Group followed suit. In addition, old shareholders such as Junlian Capital, Furui Fund and Lenovo Venture Capital continue to overweight.
According to Dr. Shen Jie, Chairman and CEO of Zhenqu Technology, this round of financing will be mainly used for the guarantee of operating funds for a number of mass production projects, the expansion of production lines, and the research and development and marketing of the next-generation silicon carbide electric drive scheme and power semiconductor modules.
Zhenqu Technology was established in 217, mainly researching, developing, producing and selling new energy vehicle powertrains and high-performance domestic power semiconductor modules. According to the official introduction, at present, the product line of Zhenqu Technology covers the whole industrial chain products of new energy vehicles from power semiconductor modules, motor controllers to powertrains, and is stably shipped to Germany and China. In addition to the automotive field, the products of Zhenqu Technology can also be applied to the fields of clean energy equipment such as wind energy storage.
36Kr once reported that Zhenqu Technology announced the completion of the A+ round of financing of 4 million yuan in February 219. The investors were Tuojin Venture Capital Fund, Swiss Joint Venture Capital and Shenzhen Zhongnan Dutch. In August 22, Zhenqu Technology once again announced that it had obtained 15 million RMB Series B financing, which was led by Junlian Capital, followed by Cai Dongqing, founder of Aodong New Energy, Lenovo Venture Capital Group and Shanghai Science and Technology Innovation Fund.
The market of new energy vehicles is growing rapidly. As the core component of new energy vehicles, the electric drive system also sees considerable opportunities for innovation and growth. According to the data of China Automobile Association, from January to July 221, the production and sales of new energy vehicles reached 1.54 million and 1.478 million, respectively, a year-on-year increase of two times, and the production and sales in the first seven months exceeded the whole year of 22.
in addition, new energy vehicles, especially pure electric vehicles, are generally faced with the pressure of charging efficiency. The industry generally believes that one of the solutions is the high-voltage fast charging route, but it needs the support of a new generation of power devices, which also puts forward a clear demand for silicon carbide semiconductor modules.
Xu Yi, general manager of Zhongjin Capital-Zhongjin Qichen Fund, the leading investor of Zhenqu Technology, also said that the new energy electric drive system is one of the core subsystems of new energy vehicles. With the rapid increase of electrification rate, the domestic new energy electric drive and core power device industries will usher in explosive growth, which is a track with long slopes and thick snow.
Of course, the electric drive industry is not an emerging market. How to deal with the competition? According to Zhenqu Technology, with the ability of forward design, testing and supply chain integration, the company's product performance can be compared with international first-line brands, and a number of high-performance motor controllers and self-developed power modules for new energy vehicles have entered many first-line host manufacturers and parts suppliers at home and abroad.
At the same time, Zhenqu Technology has successively obtained ISO 141 environmental management system certification and ISO26262:218 ASIL-D highest-level functional safety certification, helping the company to enhance its product strength.
more importantly, in the first quarter of this year, Zhenqu Technology made clear progress in mass production, and it has obtained the fixed point of electronic control mass production of several passenger car models owned by a well-known domestic car company. According to Zhenqu Technology, these fixed-point models have completed the calibration and testing of the whole vehicle in summer in September, and will be listed soon.