Legend Capital led a $68m series D funding round in Leadrive Technology.

Legend Capital, a VC&PE investor focusing on early-stage and growth-stage opportunities in China, led a $68m series D funding round in Leadrive Technology, a high-tech startup for power electronics with leading expertise in research and development. "Currently, the global trend of vehicle electrification is accelerating, leading to a systemic transformation of the global automotive supply chain system and creating favorable opportunities for technology innovators. Leadrive is featured with rare forward-looking R&D capabilities in automotive power semiconductors and motor controllers in China. Additionally, with the long-term accumulation in SiC third-generation power semiconductors, Leadrive's forward-looking layout will translate into large-scale deliveries within the next 2 to 4 years. We are honored to participate in Leadrive's continuous innovation and pursuit of excellence and believe that with its global vision and layout, Leadrive will fully grasp the opportunities presented by the transformation of the automotive supply chain system and grow into an iconic enterprise with global competitiveness." Legend Capital.