Geely-backed electric drive system supplier InfiMotion closes Series A financing

Shanghai (Gasgoo)- Chinese auto parts supplier InfiMotion Technology announced its Series A financing round had been closed on March 26. Led by China Structural Reform Fund, the fresh round raised for the company hundreds of millions of yuan.

Simultaneously, InfiMotion also inked agreements for an additional Series A+ funding round worth hundreds of millions of yuan with several investment firms, with such investment entities as Wuxi Capital Group Co., Ltd., China Merchants Venture, and China-U.S. Green Fund.

This substantial influx of capital will be instrumental in broadening InfiMotion's business footprint, intensifying investment in product R&D, expanding manufacturing capabilities, and driving key project development, further solidifying InfiMotion's position as a global leader in the new energy electric drive industry.

According to InfiMotion, the company also signed a collaborative agreement valued at a staggering 3 billion yuan with five local industrial chain enterprises in Wuxi city on the same day. This underscores InfiMotion's deep involvement in the local semiconductor, electric motor, and aluminum die-casting industry chains.

Established in December 2021, InfiMotion is a subsidiary of Geely Holding Group, specializing in R&D and manufacturing of high-performance electric drive systems and components. With nearly two decades of expertise in power transmission systems and electronic components, the company's team is well-equipped to drive innovation in the industry.

InfiMotion has already in-house developed and mass-produced a range of products including compact 400V electric drives, high-performance 800V electric drives, hybrid generators/drive motors, dual-motor controllers, and reducers. These products have been supplied to Geely's Lynk & Co brand, GEOME range, and NordThor powertrain-enabled vehicles, with an expected annual output value of nearly 3 billion yuan this year.