Inventchip Technology Secures Nearly 1 Billion Yuan in Series C Financing
In a recent announcement, Chinese silicon carbide (SiC) semiconductors supplier Inventchip Technology (IVCT) revealed the completion of the first tranche of its Series C financing, raising nearly 1 billion yuan for the company. The funds will primarily be allocated towards supporting research and development of products and techniques, expanding silicon carbide wafer production capacity, and enhancing company operations to bolster IVCT’s product competitiveness and strengthen its wafer supply capabilities.
Founded in 2017, IVCT specializes in the development of silicon carbide power semiconductors and related chip products, offering comprehensive SiC application solutions for various sectors including new energy vehicles (NEVs), photovoltaics, energy storage, industrial power supplies, and electric vehicle charging piles. With a focus on innovation and growth, the company has completed seven funding rounds to date, securing over 2 billion yuan in total investments from a diverse group of investors including national funds, government investment funds, prominent investment firms, and industrial players such as XPENG, GAC Capital, and BAIC Group Industrial Investment.
IVCT’s SiC power devices and driver chips have seen widespread adoption across multiple fields, with over 16 million units of SiC MOSFET, 18 million units of SiC SBD, and nearly 60 million units of driver chips delivered in 2024 alone. Building on the success of its first-generation SiC MOSFET launched in 2020, IVCT has now achieved large-scale deliveries of the second-generation products.
In a significant milestone, IVCT’s automotive-grade SiC wafer factory commenced operations in 2022, marking a strategic shift from a Fabless company to an Integrated Device Manufacturer (IDM). This transformation underscores IVCT’s commitment to advancing technological capabilities and expanding its presence in the semiconductor industry.
The completion of the Series C financing round signals a new chapter of growth and innovation for IVCT, positioning the company to further solidify its position as a leading provider of silicon carbide semiconductors and drive continued success in the evolving semiconductor market.
