Jingneng Microelectronics Completes First Funding Round to Develop Automotive-Grade Power Semiconductors
Serving new energy vehicles, electric motorcycles, photovoltaics, energy storage, and other "dual carbon" industry scenarios.
Recently, Zhejiang Jingneng Microelectronics Co., Ltd. (hereinafter referred to as "Jingneng"), a subsidiary of Geely Technology Group, announced the completion of its Pre-A funding round. The round was led by Walden International, with participation from Gaorong Ventures, Jiayu Capital, Wofeng Industrial, and other institutions. The proceeds will be used primarily for R&D investment in power semiconductor modules, production line construction, and technical team building.
Jingneng is capitalizing on the high-growth trend of vehicle electrification. Starting with inverter power modules, the company is developing automotive-grade IGBT chips and modules, SiC devices, and low-to-medium voltage MOSFETs through a combined capability of "chip design + module manufacturing + automotive qualification certification," serving new energy vehicles, electric motorcycles, photovoltaics, energy storage, and other "dual carbon" industrial applications.
IGBT and SiC power modules are core components of inverters for new energy vehicles and photovoltaics, often called the "heart" of power systems, enabling efficient power conversion and circuit control.
Pan Yunbin, CEO of Jingneng, stated: "By building a 'chip-vehicle linkage' mechanism and staying close to market demands while refining our technology, Jingneng is forging core capabilities in chip design, module manufacturing, and automotive qualification certification to provide customers in new energy vehicles, electric motorcycles, photovoltaics, and energy storage with products and services offering extreme cost-performance. Multiple products will begin vehicle installation next year."
IGBT module products developed by Jingneng
From the perspective of Xu Zhihao, CEO of Geely Technology Group, the investors in this round all have strategic synergies with Jingneng. Geely Technology Group has made comprehensive investments and deployments in the new energy sector and holds core technologies. It hopes to complement each other's strengths with more investors and continue to advance together, jointly contributing to the innovative application of China's semiconductor industry and the early realization of dual carbon strategic goals.
