# Farwide

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

- Industry: Industrial Machinery
- Headquarters: Suzhou, China
- Website: www.farwide-electric.com
- Latest round: Series B (Nov 29, 2024)
- Investors on record: 9

## About

Founded in 2016 and based in Suzhou, China, Farwide operates as a motor driver developer that mainly provides industrial automation and new energy products. It acquired ISO9001, ISO14001, and ISO45001. The company has obtained more than 60 utility model patents and more than 50 software copyrights. In December 2020, it obtained the national high-tech enterprise certification. In November 2024, Farwide closed series B funding from new investors Oriza FoFs, Suzhou Capital Group, and Govtor Capital, Suzhou International Development Venture Capital Holding, Chanfa Capital, Suzhou Zhanxin, and Tsingstone Capital.

Farwide specializes in the research, development, manufacturing, and sales of advanced industrial automation and renewable energy solutions. The products are divided into industrial automation and energy and transformation. Industrial automation includes low-voltage drives and AC (Alternating Current) servo systems. Energy and transformation include AC power conversion, DC (Direct Current) power conversion, energy storage control and systems, and new energy vehicle drivers. The products can be used in fields such as manufacturing equipment industry, energy conservation and environmental protection, and new energy.

The company generates revenue by developing low voltage inverter, servo drive, new energy vehicle drive, etc.

## Funding rounds

- Series B, Nov 29, 2024 — Govtor, Suzhou International Development Venture Capital Holding, Oriza FoFs, Tsingstone Capital, Suzhou Capital Group, Chanfa Capital, Suzhou Zhanxin
- Series A, Oct 1, 2021 — Share Capital, Shenzhen HTI

## Investors

- Share Capital (https://capitalatlas.ai/funds/share-capital) — Series A
- Shenzhen HTI (https://capitalatlas.ai/funds/shenzhen-hti) — Series A
- Govtor (https://capitalatlas.ai/funds/govtor) — Series B
- Suzhou International Development Venture Capital Holding (https://capitalatlas.ai/funds/suzhou-international-development-venture-capital-holding) — Series B
- Oriza FoFs (https://capitalatlas.ai/funds/oriza-fofs) — Series B
- Tsingstone Capital (https://capitalatlas.ai/funds/tsingstone-capital) — Series B
- Suzhou Capital Group — Series B
- Chanfa Capital (https://capitalatlas.ai/funds/chanfa-capital) — Series B
- Suzhou Zhanxin — Series B