Source Code Capital | "Senmu Leishi" Announces Tens of Millions of RMB Funding Round Led by Source Code Capital

源码资本·June 24, 2022·0·0

On June 24, 2022, digital power supply R&D company Senmuleshi announced the completion of a new funding round worth tens of millions of RMB, **led by Source Code Capital's seed-stage arm**, with existing shareholders Dayineng and Yiwei Venture Capital participating. The funds will be primarily used for PPEC product iteration, establishing the company's quality control and technical support systems, and market expansion.

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On June 24, 2022, digital power supply R&D company Senmuleishi announced the completion of a new funding round worth tens of millions of RMB, led by Source Code Capital's seed-stage arm Source Code Capital, with existing shareholders Dayineng and Yiwei Venture Capital participating. The proceeds will primarily go toward PPEC product iteration, building out the company's quality control and technical support systems, and market expansion.

Following this round, Senmuleishi will continue advancing the modularization and chip-ization of its PPEC controller, while improving its quality control, after-sales service, and market presence.

Senmuleishi is a national high-tech enterprise integrating R&D, manufacturing, and sales. Its team members mainly hail from Huazhong University of Science and Technology, Wuhan University, Tongji University, and other institutions. Founder Shuang Liu holds a PhD in electrical engineering from Huazhong University of Science and Technology, and has received honors including the United States' Committee of 100 Leadership Scholarship, first prize in the China Graduate Electronics Design Contest, and first prize in the National University Student Smart Car Competition, as well as being selected for the "3551 Optics Valley Talent Program." Since 2012, Liu has participated in National Natural Science Foundation projects and led the development of dozens of military-grade power supplies. To date, Senmuleishi holds over 60 national intellectual property rights.

Senmuleishi founder Shuang Liu stated: "We are deeply grateful to our new and existing shareholders for their recognition and strong support. Senmuleishi's mission is to 'make power supply design accessible to all,' and our vision is to 'become a driving force for transformation in power electronics as a discipline and industry, and a leader in intelligent design upgrades for the power electronics sector.' We will stay true to our original aspiration, continuously expand and develop power products, break foreign technology monopolies, and contribute to the advancement of China's power supply industry."

China's digital power supply market has already reached the 200-billion-yuan scale, yet digital power R&D still faces three major pain points:

First, non-domestic and uncontrollable. The digital signal processing chips for power hardware rely on imports; for power software, digital simulation depends on foreign tools like MATLAB, and program compilation depends on CCS.

Second, poor versatility. Power hardware is highly customized with low modularity and poor interchangeability; power software code varies by individual programmer with inconsistent technical frameworks.

Third, high R&D costs. Power product development has a high barrier to entry, requiring significant investment from highly educated talent and consuming substantial time.

To address these industry pain points, Senmuleishi drew on years of technical and practical experience in power design modules to independently develop the PPEC (Programmable Power Electronics Controller), a digital power core controller that enables standardized, rapid development of digital power supplies.

On the software side, graphical programming replaces C-language programming, substantially lowering the R&D barrier. On the hardware side, highly integrated circuits for digital control effectively shorten development cycles. This truly achieves low-barrier operation, enabling simple and efficient digital power development while reducing power design companies' dependence on the caliber and quantity of talent — cutting costs and boosting efficiency.

Based on PPEC, Senmuleishi produces high-voltage power supplies, inverter power supplies, and high-precision magnet/coil/superconducting power supplies characterized by high efficiency, high voltage tolerance, and high stability. All power supply types can be customized to meet specific requirements, with flexible parameter adjustment. With PPEC's support, customer specifications can be fulfilled with quality and quantity in the shortest possible time.

Additionally, to better and more comprehensively serve customers, Senmuleishi offers the EasyGo power electronics hardware-in-the-loop simulation series. Its business spans high-end equipment, smart grids, new energy systems, electric locomotives, and other industries' R&D, manufacturing, research, and education units, providing users with rapid control prototyping, hardware-in-the-loop testing, and other test systems that meet user needs while dramatically improving cost performance. A minimalist human-machine interface reduces learning costs, allowing users to quickly get up to speed with real-time test systems.

Since its founding in July 2017, Senmuleishi has built a broad client base covering large state-owned enterprises, military research institutes, universities, and industrial enterprises, earning high recognition from leading customers.

Runtao Zhang of Source Code Capital stated: "Against the backdrop of gradually increasing digital power penetration but still low standardization, Senmuleishi has pioneered a sharp solution from zero to one with its 'PPEC standardized digital power controller,' significantly improving digital power application efficiency and helping power companies move faster from R&D to production. Source Code Capital deeply recognizes Senmuleishi's profound understanding of the power industry and its firm commitment to driving industry transformation. We are optimistic about the value that this disruptive product, PPEC, will bring to the power industry, and look forward to Senmuleishi creating greater value for its customers and driving more profound progress in the power industry going forward!"