# AscenPower

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ascenpower

- Industry: Semiconductors
- Headquarters: Guangzhou, China
- Website: www.ascenpower.com
- Total disclosed funding: $142M
- Latest round: Series A (Sep 25, 2024)
- Investors on record: 9

## About

Established in 2021 and based in Guangzhou, China, AscenPower operates as a semiconductor company dedicated to providing silicon carbide chips and semiconductor power devices. It acquired IATF16949 automotive industry quality management system certification. The core team has experience in silicon carbide chip manufacturing and wafer fab construction. In March 2023, the company's 6-inch SiC wafer chip production line put into trial production. In September 2024, it raised approximately CNY 1 billion in series A funding co-led by new investors Utrust Fund and SDIC Venture Capital.

The company mainly provides silicon carbide chips and semiconductor power devices. It provides SiC (silicon carbide) power chip manufacturing platform and SiC manufacturing services. The platform can produce 6-inch and 8-inch SiC wafer chips. Manufacturing services include MPW (Multi Project Wafer) shuttle, design service, and mask service. Products include power devices such as silicon carbide SBD (Schottky Barrier Diode), MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor), and IGBT (Insulated Gate Bipolar Transistor). The company also provides an open silicon carbide chip processing platform. The products can be used in new energy vehicles, industrial power supplies, photovoltaic power generation, and other fields.

The company generates revenue by providing silicon carbide chips (SiC wafer chips) and semiconductor power devices (silicon carbide SBD, MOSFET, and IGBT). 

The company will launch the second phase project of 8-inch SiC wafer chips in December 2024. The series A funding will be used to accelerate the construction of production capacity in the field of silicon carbide chip manufacturing and to explore and develop domestic and foreign markets.

## Funding rounds

- Series A, Sep 25, 2024, $142M — China Fellow Partners, SDIC Venture Capital, Shenzhen Capital Real Estate Fund, Guangzhou Industry Investment Holding Group, Guangzhou Nansha Technology Financial Holding Group, Utrust Fund, Boyuan Capital, Dazhong Juding (Shanghai) Private Equity Fund Management, Morning Star Capital

## Investors

- China Fellow Partners (https://capitalatlas.ai/funds/china-fellow-partners) — Series A
- SDIC Venture Capital (https://capitalatlas.ai/funds/sdic-venture-capital) — Series A
- Shenzhen Capital Real Estate Fund (https://capitalatlas.ai/funds/shenzhen-capital-real-estate-fund) — Series A
- Guangzhou Industry Investment Holding Group (https://capitalatlas.ai/funds/guangzhou-industry-investment-holding-group) — Series A
- Guangzhou Nansha Technology Financial Holding Group — Series A
- Utrust Fund — Series A
- Boyuan Capital (https://capitalatlas.ai/funds/boyuan-capital) — Series A
- Dazhong Juding (Shanghai) Private Equity Fund Management (https://capitalatlas.ai/funds/dazhong-juding-shanghai-private-equity-fund-management) — Series A
- Morning Star Capital (https://capitalatlas.ai/funds/morning-star-capital) — Series A