China’s SiC semiconductor supplier InventChip closes Series B financing round

Beijing (Gasgoo)- On February 28, China’s silicon carbide (SiC) semiconductors supplier InventChip announced the completion of its Series B financing worth hundreds of millions of yuan.

Photo credit: InventChip

The round was led by GrowthFOF, and followed by various other institutions including Shenzhen Guozhong Venture Capital, a Shanghai Lingang New Area-backed fund, Goldstone Investment, Eastern bell Capital, and Long Capital. Existing shareholders such as Sunic Capital, Lightspeed China Partners, and GF Xinde Investment also increased their investment in this round.

Prior to this, InventChip had just secured a pre-B financing round of another hundreds of millions of yuan at the end of 2022, with investors including SAIC Motor’s investment fund, Shangqi Capital, etc. In early 2022, InventChip also received strategic financing from XPeng.

As an SiC-focused chip company, InventChip is committed to developing SiC power devices, driver and control chips, and SiC power module products, providing one-stop (Turn-key) chip solutions for customers around SiC power semiconductor applications.

Up to now, InventChip has planned three major product lines, namely SiC MOSFETs, SBDs, and driver ICs, and has developed a series of mass-produced products compliance to automotive standards, including 650V-1200V SiC MOSFETs, 1200V SiC Schottky diodes (SBDs), and SiC-specific gate driver chips. 

Moreover, in early 2020, InventChip launched a SiC wafer fab project, aiming to build a six-inch SiC power chip factory that meets automotive-grade standards. After nearly two years of preparation, the factory officially started operation in July 2022, marking InventChip's strategic transformation from Fabless to IDM.