Inventchip secures over 1 billion yuan in Series C financing

Beijing (Gasgoo)- On Sept. 19, Chinese silicon carbide (SiC) semiconductor supplier Inventchip announced the completion of its Series C financing round, raising more than 1 billion yuan. The company has already completed industrial and commercial registration updates.

The round was led by the National Manufacturing Transformation and Upgrading Fund, with participation from CICC Capital, Beijing Green Energy and Low-Carbon Industry Fund, SDIC IC Fund, Goldstone Investment, and others. Proceeds will be used for SiC production capacity expansion, product R&D, and market promotion.

Founded in 2017, Inventchip operates under an IDM model covering design, manufacturing, and sales of SiC power devices, while also offering driver and control chips. The company has mass-produced three generations of SiC MOSFETs with performance at advanced industry levels. Its products are widely applied in EV onboard chargers (OBC), DC-DC converters, e-drive systems, air-conditioning compressors, photovoltaics, energy storage, charging piles, and industrial power supplies.

In 2024, Inventchip's cumulative deliveries include over 16 million SiC MOSFET units, 18 million SiC Schottky barrier diodes (SBDs), and nearly 60 million driver IC units. The company has also entered the EV main drive inverter market, winning projects from several automakers and suppliers.