Gasgoo Munich-Xizhi Technology recently announced the completion of an A-round financing exceeding 100 million yuan. Participants in this round include Tongge Venture Capital—a strategic investment platform for core suppliers of a North American tech giant—and Xinhe Capital. Existing shareholder Hangzhou Capital also increased its investment in this round.
Overall, Xizhi Technology has completed over 300 million yuan in financing for 2026 (including the Pre-A round from the first half). With this round closed, the company has officially launched its B-round financing.
Image Source: Xizhi Technology
Proceeds from this round will primarily be used to construct an automotive power module production line at the Hangzhou factory, as well as a computing power supply module line at the Suzhou facility.
Founded on January 1, 2022, Xizhi Technology currently employs 120 R&D personnel, accounting for 50% of its total staff. Since its inception, the company has secured over 500 million yuan in investment. Operationally, it maintains a technology center in Shanghai and two manufacturing bases in Suzhou and Hangzhou.
Xizhi Technology’s core business focuses on driving technological progress in the power electronics sector by leveraging innovative high-frequency, packaging, and chip technologies. The company aims to accelerate the global adoption of high-frequency power electronics and wide-bandgap semiconductor technologies.
