Chinese chip developer SemiDrive nets nearly $154m in Series B round
Source: Brian Kostiuk/Unsplash
July 26, 2021
Chinese automotive system-on-chip (SoC) product startup Nanjing SemiDrive Technology Co, Ltd has secured nearly 1 billion yuan ($154 million) in a Series B round, the investee announced on Monday.
In the statement, it said that the fresh round was co-led by state-owned China Development Bank Capital’s joint fund and smart manufacturing-focused V Fund.
The round saw participation from a slew of state-backed investors including Bank of China’s overseas investment unit BOC International, Shanghai International Group’s Shanghai Technology Innovation Investment Fund and Shanghai-based Zhangjiang Group’s sub-fund.
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