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Zhong Lun Advises IVCT on the First Tranche of Series C Financing
Zhong Lun Advises IVCT on the First Tranche of Series C Financing
Inventchip Technology Co., Ltd. (IVCT) recently announced the successful closing of the first tranche of its Series C financing, in the amount of nearly CNY 1 billion, which was led by CDB Manufacturing Transformation and Upgrading Fund, with the co-investments from CICC Capital and existing shareholders of Goldstone Investments and Sino IC. The proceeds will be primarily used for IVCT’s research and development of its products and processes, expansion of its silicon carbide (SiC) wafer fabrication plant, and overall company operations, with a view to enhancing product competitiveness and meeting rapidly growing market demand.
Founded in Lingang, Shanghai in 2017, IVCT is a chip company focused on the SiC semiconductor field. Its products and services have wide presence in key markets such as new energy vehicles, photovoltaics and energy storage, industrial power supplies, and charging piles. IVCT has successfully achieved the design and mass production of SiC devices and their wide application in various power electronics scenarios.
Zhong Lun Law Firm acted as IVCT’s legal counsel and provided comprehensive and end-to-end legal services for this transaction. The Zhong Lun team was led by partners Anthony Zhao, Xiaoming Song, and Jin Shen, and included associates Lindsay Zhang, Xin Liu, Myron Hu, Oren Dong, and Xihui Zhang. Partner Maria Hou and non-equity partner Jihai Xia also provided important support for this transaction.
Professionals
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Anthony ZHAO
Equity Partner
ShanghaiPractices： Hong Kong & Overseas Capital Markets,Private Equity & Investment Funds,Cross-border Investment/M&AIndustries： Telecommunications & Internet,Information & Intelligence Technology,Healthcare,Pharmaceuticals & Life Sciences,Education & Training,Media-Sports & Entertainment,Banking & Financial Services,Financial Innovation & Fintech -
Anthony ZHAO
Equity Partner
Shanghai
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Jin SHEN
ShanghaiPractices： Chinese Mainland Capital Markets,Hong Kong & Overseas Capital Markets,Investment/M&A & Corporate GovernanceIndustries： Real Estate,Transportation & Logistics,Telecommunications & Internet,Information & Intelligence Technology,Media-Sports & Entertainment -
Jin SHEN
Shanghai
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