Chinese NEV electric drive solution provider LEADRIVE closes Series E funding

Shanghai (Gasgoo)- On February 28, Chinese automotive supplier Leadrive Technology (Shanghai) Co., Ltd. ("LEADRIVE") announced the completion of its Series E funding round, led by CMG-SDIC Capital, with additional investment from Liuzhou 125 Industry Fund and Chongqing Liangjiang Fund.

The newly raised funds will primarily be used to accelerate the mass production of the company's next-generation power modules, power bricks, and electric control products, support the delivery of overseas customer projects, and further enhance its domestic presence and global expansion efforts.

Zhai Jun, head of CMG-SDIC Capital's automotive investment team, emphasized the critical role of electric drive systems in shaping the power performance, energy efficiency, and functional safety of new energy vehicles (NEVs). He noted that LEADRIVE's integrated innovations in electric control systems and power modules provide a differentiated advantage, supporting leading domestic and international automakers in their transition to electrification. CMG-SDIC Capital highly recognizes LEADRIVE's innovation capabilities, R&D strength, and industry position, and following this investment, it plans to leverage its extensive ecosystem in NEVs and smart automotive technologies to jointly drive high-quality development in China's automotive industry.

Since its founding seven years ago, LEADRIVE has been continuously pushing innovation in the NEV-related electric drive sector. The company has forged deep partnerships with major Chinese automakers, including SAIC-GM-Wuling, Chery, SERES, and Changan Automobile, securing mass-production orders for SiC and IGBT power modules across dozens of vehicle models.

Beyond the automotive sector, LEADRIVE is also actively exploring electric aviation and other emerging applications, paving the way for diversified growth opportunities.