Automotive chip supplier Immorta completes A1 financing round

Beijing (Gasgoo)- On October 14, automotive chip supplier Wuhan Xinbida Microelectronics Co., Ltd. (“Immorta”) announced the completion of its recent A1 financing round.

The round was led by SIMIC Capital, with participation from well-known investment firms such as Optics Valley Financial Holding Group. The funds will be primarily used for the research, development, and mass production of Immorta’s next-generation system basis chips (SBC), domain controller chips, and driver chips. Immorta aims to expand its product portfolio and strengthen its market presence.

Founded in 2022 by a team of experienced automotive chip experts, Immorta focuses on delivering high-performance automotive-grade chips. Its product range spans key areas including analog power chips, SBC, computing control chips, and wireless communication chips.

Immorta revealed that it has completed multiple financing rounds since its inception, receiving support from several prominent investors. To date, Immorta has successfully launched nine chip products, with seven of them in mass production and delivery. These products have been adopted by dozens of automakers and nearly a hundred Tier 1 suppliers, with shipment volumes continuing to rise rapidly.