# Leadrive

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

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Shanghai, China
- Website: www.leadrive.com
- Total disclosed funding: $152M
- Latest round: Series E (Sep 8, 2025)
- Investors on record: 26

## About

Established in 2017 and based in Shanghai, China, Leadrive previously named Zhenquan Technology (Shanghai) Co., Ltd., operates as an electric drive components supplier that provides new energy vehicle drive solutions. The company cooperates with Lingang Group, Zhejiang University, and United Imaging. Leadrive has additional offices in Germany, Zhejiang, Guangxi and Shanghai. There are 260 employees, including more than 150 research and development staff. The company has more than 80 domestic and foreign invention patents authorized. 

In February 2025, Leadrive closed series E funding led by new investor SDIC Fund Management, with participation from new investors Liangjiang Capital and Liuzhou Jinkong Mingde Fund. In September 2025, Leadrive closed series E+ funding from new investors China Internet Investment Fund, Guangzhou Industry Investment Holding Group and Pudong Venture Capital and returning investors SDIC Fund Management and Huatai Baoli Investment Management.

Leadrive provides motor control units and power semiconductor modules. The motor control units include 400V dual inverters, 400V single inverters, 800V dual investors, and 800 single inverters. The power semiconductor modules include IGBT modules and the Sic modules. Those products have been applied in passenger and commercial vehicles in China and Germany. The company will use the series D funding for research and development of next-generation power modules, power bricks and silicon carbide technology.

The company generates revenue by selling its proprietary power semiconductor modules, EV drive systems, and customized technical solutions to global automotive OEMs and Tier-1 suppliers. 

The series E+ funding will mainly be used to accelerate mass production of next-generation power modules, power bricks, and electronic control products, support delivery of overseas customer projects, and further improve domestic business deployment and global market expansion.

## Funding rounds

- Series E, Sep 8, 2025 — China Internet Investment Fund, Pudong Venture Capital, Guangzhou Industry Investment Holding Group, SDIC Fund Management, Huatai Baoli Investment Management
- Series E, Feb 28, 2025 — Liangjiang Capital, Liuzhou Jinkong Mingde Fund, SDIC Fund Management
- Series D, Oct 9, 2023, $83M — Legend Capital, Oriza Holdings, C Capital, Royal Sunward Equity Fund Management, Duncheng Investment, Xinshang Investment, Huatai Baoli Investment Management
- Series C, Aug 1, 2022 — Legend Capital, Juntong Capital, Pinghu Economic and Technological Development Zone Industrial Investment
- Series B, Oct 9, 2021, $47M — Legend Capital, China International Capital Corporation, China Merchants Capital, Lenovo Capital and Incubator Group, Winreal Investment, Zhangjiang Torch Investment, Furui Fund Capital
- Series B, Aug 17, 2020, $22M — Legend Capital, Shanghai International Group, Lenovo Group
- Angel, Nov 30, 2017 — South China Venture Capital, PreAngel Fund, Shanghai Tengmao Information Technology

## Investors

- South China Venture Capital (https://capitalatlas.ai/funds/south-china-venture-capital) — Angel
- PreAngel Fund (https://capitalatlas.ai/funds/preangel-fund) — Angel
- Shanghai Tengmao Information Technology — Angel
- Legend Capital — Series B, Series C, Series D
- Shanghai International Group — Series B
- Lenovo Group — Series B
- China International Capital Corporation (https://capitalatlas.ai/funds/china-international-capital-corporation) — Series B
- China Merchants Capital (https://capitalatlas.ai/funds/china-merchants-capital) — Series B
- Lenovo Capital and Incubator Group (https://capitalatlas.ai/funds/lenovo-capital-and-incubator-group) — Series B
- Winreal Investment (https://capitalatlas.ai/funds/winreal-investment) — Series B
- Zhangjiang Torch Investment (https://capitalatlas.ai/funds/zhangjiang-torch-investment) — Series B
- Furui Fund Capital (https://capitalatlas.ai/funds/furui-fund-capital) — Series B
- Juntong Capital (https://capitalatlas.ai/funds/juntong-capital) — Series C
- Pinghu Economic and Technological Development Zone Industrial Investment — Series C
- Oriza Holdings (https://capitalatlas.ai/funds/oriza-holdings) — Series D
- C Capital (https://capitalatlas.ai/funds/c-capital) — Series D
- Royal Sunward Equity Fund Management (https://capitalatlas.ai/funds/royal-sunward-equity-fund-management) — Series D
- Duncheng Investment (https://capitalatlas.ai/funds/duncheng-investment) — Series D
- Xinshang Investment (https://capitalatlas.ai/funds/xinshang-investment) — Series D
- Huatai Baoli Investment Management (https://capitalatlas.ai/funds/huatai-baoli-investment-management) — Series D, Series E
- Liangjiang Capital — Series E
- Liuzhou Jinkong Mingde Fund (https://capitalatlas.ai/funds/liuzhou-jinkong-mingde-fund) — Series E
- SDIC Fund Management (https://capitalatlas.ai/funds/sdic-fund-management) — Series E
- China Internet Investment Fund (https://capitalatlas.ai/funds/china-internet-investment-fund) — Series E
- Pudong Venture Capital (https://capitalatlas.ai/funds/pudong-venture-capital) — Series E
- Guangzhou Industry Investment Holding Group (https://capitalatlas.ai/funds/guangzhou-industry-investment-holding-group) — Series E