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CVA Chip bags over 200 million yuan in B+ financing round

Gabriella From Gasgoo| November 14 , 2023 17:59 BJT

Beijing (Gasgoo)- Shenzhen-based chip supplier CVA Chip recently concluded a B+ funding round, securing over 200 million yuan. 

CVA Chip bags over 200 million yuan in B+ financing round

Photo credit: CVA Chip

Investors of the round include Greenwood Invest, Hongtai Aplus, and Luxin Venture Capital, with continued support from existing investor Hony Capital. CVA Chip has garnered considerable attention from the capital markets, having completed two funding rounds in 2023. The raised funds from the fresh round will be directed towards bolstering CVA Chip's core technological advancements in automotive chip design, accelerating the development and mass production of multiple automotive-grade new products.

Established in 2018, CVA Chip is a Chinese IC design company specializing in the intelligent perception and computational control domain. With over 400 patents and involvement in drafting national standards for functional automotive safety, the company operates R&D centers and sales offices across Shenzhen, Shanghai, Beijing, Hefei, and Chengdu cities. Its ambition spans from providing perception, computation, and control chips for global clients in smart terminals to expanding into smart electric vehicle applications.

In the automotive sector, CVA Chip's CVM011x series (M01 series) of multiple 32-bit car-grade MCUs have entered mass production stage and are being steadily supplied to various OEMs. Widely utilized in automotive body control, thermal management, PEPS, engine anti-theft modules, taillights, energy storage, and electronic shifters, the product has been successfully integrated into numerous vehicular projects. Additionally, the upcoming M02 series aims at domain controllers and multi-core MCUs and has already secured partnerships with leading domestic OEM clients, targeting powertrain, chassis, and ADAS domains.

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