China’s auto chip supplier indiemicro bags 300 million yuan in Series B financing

Beijing (Gasgoo)- China’s automotive chip solution developer Indie Microelectronics (indiemicro) announced on December 12 that it has received 300 million yuan ($43 million) in Series B financing. 

Photo credit: indiemicro

Lead investors of the round include Changan Auto’s Anhe Capital, Dongfeng Motor’s Dongfeng Bocom Auto Funds, Keboda, Changzhou Xingyu Car Light, and the company’s existing shareholder, Sunic Capital. 

Established in 2017, indiemicro is a chip and solution supplier specializing in automotive digital-analog mixed signal processing. The company develops chips for selected vertical market segments by integrating five modules, namely controller, actuator, power supply, signal chain, and communication physical layer. Its unique 5-in-1 chip not only minimizes the chips’ size, reduces power consumption, but also improves the cost performance.

The company’s supply chain system complies with IATF16949 standards, and its automotive-grade chips have passed AEC-Q100 certification. Among them, the Realplum and RuGBy chip series have been successfully mass-produced and implemented in the supply chain of mainstream automobile enterprises. The company’s products have been widely adopted by major Chinese automakers, and new energy vehicle makers. 

The company holds R&D centers in Shanghai, Wuxi, and Suzhou, as well as sales and technical support centers in Shanghai, Shenzhen, Beijing, Taipei, Los Angeles, and Dresden.