An 80s-born doctor in Shanghai is engaged in automotive power semiconductors and has raised 600 million yuan in one go.

On September 8, Zhenqu Technology announced the completion of the second - phase delivery of hundreds of millions of yuan in its Series E financing, with the total Series E financing exceeding 600 million yuan.

This round of financing was led by SDIC Innovation and SDIC Capital Investment, and followed by China Internet Investment Fund, Guangzhou Industrial Investment, Pudong Venture Capital, and Huatai Baoli Investment.

Founded in May 2017, Zhenqu Technology is a domestic supplier of power semiconductors and new - energy vehicle electric drive system solutions. The company's headquarters is located in Pudong, Shanghai, and it has also established several subsidiaries in Lingang, Shanghai, Liuzhou, Guangxi, Pinghu, Zhejiang, and Aachen, Germany.

Zhenqu Technology's product line covers the entire industrial chain of new - energy vehicles, from power semiconductor modules, motor controllers to integrated electric drive systems. Relying on its industry - leading design, manufacturing, and supply - chain integration capabilities, Zhenqu Technology's self - developed power modules and high - performance motor controllers for new - energy vehicles developed through a forward - looking approach have been selected for more than 30 mass - produced models by leading domestic and international passenger car OEMs and Tier - 1 suppliers.

Shen Jie, the founder of Zhenqu Technology, was born in 1980. He graduated from Shanghai Jiao Tong University with a bachelor's degree in 2003 and from RWTH Aachen University in Germany with a master's degree in 2008. In 2008, Shen Jie joined the GE Global Research Center in Germany and was later dispatched to the China region, where he worked for nearly 10 years as the director of technical operations. In 2014, Shen Jie obtained a doctorate from RWTH Aachen University with the highest honor of "cum laude".

RWTH Aachen University is a top - tier science and technology university in Germany and even in Europe, regarded as the "Whampoa Military Academy" of the German automotive industry. Lu Yongxiang, the former president of the Chinese Academy of Sciences, also obtained his doctorate from RWTH Aachen University.

Zhenqu Technology has completed multiple rounds of financing. Since 2020, it has successively completed a 150 - million - yuan Series B financing led by Legend Capital, a 300 - million - yuan Series B2 financing led by CICC Qichen Fund under CICC Capital, and hundreds of millions of yuan in Series C financing. In 2023, it completed a strategic financing in Series C+ from Volvo Cars Tech Fund and a Series D financing of over 600 million yuan jointly led by Legend Capital and Yuanhe Kunlun Venture Capital.

Power semiconductors are a type of semiconductor devices specifically used for power conversion and power control. They can withstand high voltages and currents and have the characteristics of high efficiency, low loss, and fast switching speed. Power semiconductors are the "power heart valves" of electric vehicles, determining the efficiency and safety of power transfer from charging piles to batteries and from batteries to motors. In particular, SiC MOSFETs are becoming a key technology in the new - energy vehicle industry.

The penetration rate of new - energy vehicles in China has exceeded 35%, and in first - tier cities and new models, it generally approaches or exceeds 50%. More and more models are transitioning from the 400V to the 800V architecture, directly driving the demand for SiC (silicon carbide) power devices. The trends of high - voltage fast charging, long - range driving, and lightweight design have made power semiconductors a core component.

The applications of power semiconductors in new - energy vehicles include inverters (motor drives), OBC + DC - DC conversion, battery protection and energy management, and fast - charging piles/high - voltage charging systems.

In public information, Zhenqu Technology has always defined itself as a "high - tech company committed to providing domestic power semiconductors and new - energy vehicle drive solutions". In the eyes of investors, with its core technological advantages, this Chinese enterprise will be able to enter more domestic and international markets worth hundreds of billions of yuan, including those for electric drones and energy storage in the future.

This article does not constitute any investment advice. This article also refers to reports from 21st Century Business Herald, etc., and thanks are given here.

This article is from the WeChat official account “Pencil News” (ID: pencilnews). The author is Huang Xiaogui, and it is published by 36Kr with authorization.