Electric vehicle parts maker LeeKr Technology and chip producer SENSilicon have secured funding.
Leaguer Capital leads LeeKr Technology’s Series B round
Electric vehicle parts maker LeeKr Technology has raised 400 million yuan ($58 million) in a Series B round led by CAS Investment and Leaguer Capital.
Strategic investors affiliated with Chinese EV brands including Hozon Auto-affiliated NETA Capital, BAIC Capital, the investment unit of Chinese state-owned automaker BAIC Group, as well as a fund set up by China FAW Group and Leaguer Capital, have joined the round, according to a release on Thursday.
The round also saw the participation of Liming Venture Investment, Guangzhou Science City Venture Capital, and LongDing Capital. With this, the firm’s total funding has reached 600 million yuan ($87.2 million).
Existing shareholders including Vision Plus Capital, Shanghai Free Trade Zone Equity Investment Fund (FTZ Fund), Harvest Fund Management, and Unity Ventures, also re-upped in the round.
Founded in 2020, the Shanghai-based firm is engaged in the R&D of decoupled hydraulic electronic brake systems for New Energy Vehicles (NEVs).
CoStone Capital leads SENSilicon’s Series A round
SENSilicon, which is engaged in the production of Analog Front-End (AFE) chips, has bagged 120 million yuan ($17.4 million) in a Series A round led by CoStone Capital, according to a company announcement on April 3. An AFE is a semiconductor device that is used for signal conditioning.
The round, joined by state-backed Hefei Industry Investment Holding, will help expand SENSilicon’s products in energy exploration and industrial automation, per the firm.
Existing shareholders including Bluerun Ventures, Cowin Capital, Shenzhen Capital Group, and Dalton Venture, have also re-upped in the round.
The Shenzhen-registered firm previously secured a total of $10 million in its pre-A and angel rounds, while Cowin Capital led the firm’s pre-A round, according to a company announcement in January 2022.
Founded in December 2020, SENSilicon has market development and R&D centers in Shenzhen, Hefei, and Shanghai, according to the company website.