Recently, five SiC companies at home and abroad have completed new rounds of financing, with the disclosed amount totaling over CNY 2 billion:
GEENER: Completed a CNY 630 million Series C funding round, with a cumulative financing scale of nearly CNY 2 billion;
Puxi Optics: Completed a new round of financing worth hundreds of millions of CNY, advancing its SiC product layout;
Shangjia Semiconductor: Completed a new round of financing, with 2026 revenue projected to reach CNY 300 million;
PSR Semiconductor: Completed a Series B funding round of nearly CNY 1.5 billion, and its SiC EPI equipment has been delivered to domestic listed company customers;
Zenergize: Completed a Pre-A round of financing worth CNY 27.0084 million, with a next-stage annual revenue target of CNY 69.9 million.
Geener: Completed CNY 630 Million Series C Funding Round
On September 20, Zhejiang Jingneng Microelectronics Co., Ltd. (GEENER) announced the completion of a CNY 630 million Series C funding round. The article revealed that this is the fifth round of financing for Geener since its establishment four years ago, with a cumulative financing scale of nearly CNY 2 billion.
Geener stated that the funds raised in this round will be primarily invested in the iterative R&D of core products, production line construction, and the upgrade of reliability verification platforms. Meanwhile, the company will intensify market development efforts, promote the implementation of benchmark projects in various fields, and improve the collaborative layout of the upstream and downstream industries.
It is reported that Geener' current product portfolio covers automotive-grade power modules, AI-grade SST modules, embedded SSCB modules, and multi-chip tantalum capacitors. Relying on the technical capabilities accumulated in automotive-grade SiC modules, the company is expanding into higher-end fields such as data centers, aerospace, and controllable nuclear fusion, striving to develop key technologies for a new generation of electrical energy control.
Pan Yunbin, CEO of Geener, stated that they will reuse the technical capabilities accumulated from automotive-grade products across different fields, continue to collaborate and co-create with leading industry customers, and output more competitive technical solutions driven by diverse high-end scenarios, thereby empowering the high-quality development of cutting-edge hard-tech industries.
Puxi Optics: Completed a New Round of Financing Worth Hundreds of Millions of CNY
On September 14, according to the official WeChat account of Luyao Capital, its invested enterprise, Hangzhou Puxi Guangjing Semiconductor Technology, has just completed a new round of financing worth hundreds of millions of CNY. The company has once again received support from multiple state-owned and industrial capital funds and has successfully been included in the third batch of the national-level specialized, refined, differential, and innovative "Little Giant" key enterprises list.
According to Qichacha information, Puxi Optics's latest funding round is a Series B+ round, with investors including Chengdu Innovation Venture Capital, Guyu Jiahe Capital, Jingming Capital, Yuanhe Capital, and other institutions.
Founded in 2020, Puxi Optics is a Tsinghua-affiliated company dedicated to the design, manufacturing, and application of special chips and special power supply systems for third-generation semiconductors. The core team members come from the Department of Electronic Engineering at Tsinghua University. They started with the R&D of ultra-high-temperature semiconductor systems and have gradually expanded from high-temperature systems to special chips, special modules, and special semiconductor systems.
Focusing on the silicon carbide (SiC) business field, Puxi Optics has accelerated its layout in recent years. In November 2025, Puxi Optics established a deep cooperative partnership with Hangzhou Xinzhu Semiconductor Technology Co., Ltd., and the two parties will carry out in-depth cooperation around special SiC power device projects. Taking this opportunity, Puxi Optics also completed a strategic investment in Xinzhu Semiconductor and became its shareholder.
In September this year, Puxi Optics announced the launch of the verification for "SiC + gallium oxide hybrid power modules". At the same time, leveraging the performance advantages of SiC and gallium oxide, the company is laying out applications in space computing satellites, deep space exploration, orbital data centers, ultra-high voltage energy harvesting, and deep earth energy.
Shangjia Semiconductor: Completed a New Round of Financing
On September 8, according to information from Zizhu Sci-Tech Investment and others, Wuxi Shangjia Semiconductor Co., Ltd. has completed a new round of financing, with investments from Zizhu Sci-Tech Investment Fund and Xingshang Capital of Taihu New City Group. This funding will be used to continuously improve the layout of power device products and strengthen supply chain collaboration.
Founded in 2023, Shangjia Semiconductor is a power semiconductor design company adopting the Fabless model. Its main business is the R&D and sales of power MOSFETs and other devices. Its products cover Trench MOSFETs, SGT MOSFETs, SJ MOSFETs & IGBTs, and it is also laying out third-generation semiconductor directions such as SiC and GaN.
According to the official WeChat account of Taihu Bay Information Technology Industrial Park, Shangjia Semiconductor's revenue has continued to leap from over CNY 10 million in its early startup stage, achieving CNY 180 million in 2025, with 2026 revenue projected to reach CNY 300 million. Currently, Shangjia Semiconductor's products are applied in Unitree Robotics' robots, Bosch's automotive components, and power systems for low-altitude aircraft. Its major customers also include key industry enterprises such as Xin Changzheng Microelectronics, Linko Creations, and Good-Ark Electronics.
PSR Semiconductor: Completed a Series B Funding Round of Nearly CNY 1.5 Billion
Recently, PSR Semiconductor announced the successful completion of its Series B funding round, with a total financing amount of nearly CNY 1.5 billion. This round of financing has gathered multiple high-quality industrial capital and leading investment institutions, including CETC Industrial Fund, CRRC Capital, and BOE.
PSR Semiconductor stated that the funds raised will continue to be primarily used for core product iteration, capacity building, and R&D expansion, further consolidating its technical advantages in the field of high-end thin-film deposition equipment for semiconductors, and accelerating the process of domestic substitution of equipment.
Pioneer Semiconductor Research Co.，Ltd (PSR) founded in 2022, focuses on the R&D of equipment and process technologies such as Atomic Layer Deposition (ALD), Si Epitaxial Deposition (Si EPI), Plasma Enhanced Chemical Vapor Deposition (PECVD), SiC Epitaxy (SiC EPI), and Atomic Layer Etching (ALE). Currently, its SiC EPI equipment has been delivered to domestic listed company customers.
Zenergize: Completed a USD 4 Million Pre-A Round of Financing
On September 2, according to Energetica India, Indian SiC power device company Zenergize Technologies has completed a Pre-A round of financing worth USD 4 million (approximately CNY 27.0084 million). This round was led by Giraffe Studios, with investments also coming from multiple well-known industry entrepreneurs.
The report revealed that this financing was conducted after Zenergize experienced rapid product iteration and commercialization, and will support the next stage of growth, including expanding production capacity and extending the sales and service network in India. In addition to financial support, investors will also support Zenergize in strengthening cooperative relationships with suppliers and establishing long-term partnerships in India's renewable energy and electric vehicle ecosystems.
Zenergize has been committed to developing indigenous silicon carbide (SiC) technology. Its product portfolio includes DC fast chargers, AC EV chargers, solar inverters, and energy monitoring solutions. With its chargers obtaining automotive industry certifications and its solar inverters receiving Bureau of Indian Standards (BIS) certifications, Zenergize plans to expand its technology platform into the fields of hybrid inverters and Battery Energy Storage System (BESS) inverters.
Currently, Zenergize's annual revenue has reached 30 million Indian Rupees (approximately CNY 2.097 million), and it has accumulated orders exceeding 150 million Indian Rupees (approximately CNY 10.485 million). Zenergize expects that securing new investments will help it achieve the goal of an annual revenue of over 1 billion Indian Rupees (approximately CNY 69.9 million) in the next stage.
This article is published by Expert Insights on Third-Generation Semiconductors, focusing on industry observations of third-generation semiconductors (silicon carbide and gallium nitride).