Chip maker Senasic secures over 500 million yuan from investors including Geely, GAC Capital

Beijing (Gasgoo)- Senasic, a Chinese high-tech chip design firm, announced the successful completion of its latest Series D funding round, with over 500 million yuan raised.

Photo credit: Senasic

The round was led by the National-level Mixed Ownership Reform Fund for Chinese State-owned Enterprises (referred to as the Mixed Reform Fund). Industry capital participants, including Geely’s capital fund, GAC Capital, and CICV’s fund, also joined as follow-on investors. Existing shareholders, such as CD Capital, continued to increase its investment. 

This strategic investment follows the previous backing from SAIC Motor’s Shangqi Capital, SANY Group, Shanghai Baolong, etc., further bolstering Senasic's efforts in integrating industry investments and promoting cross-industry collaboration.

The funds raised in this round will primarily be utilized to accelerate the technological advancement and market expansion of Senasic's sensing and monitoring chip products in the automotive, energy storage, and industrial application sectors. Since its establishment in 2015, Senasic has been dedicated to the research, design, and sales of high-performance automotive-grade chips. With its strong technical expertise, outstanding product performance, reliable quality, and an autonomous and controllable supply chain, Senasic has gained recognition and established deep strategic partnerships with renowned domestic and international automotive manufacturers and suppliers. The company's total shipments have reached tens of millions of units.