VisIC Technologies Raises $26M in Round B Funding for GaN EV Power Solutions with Hyundai and Kia Investment
VisIC Technologies has completed the second closing of its Round B funding, securing $26 million to develop Gallium Nitride (GaN) power semiconductor technology for electric vehicles. The round was led by a global semiconductor leader, with Hyundai Motor Company and Kia (referred to as HKMC) participating as a strategic investor.
The funding supports VisIC's D³GaN platform, which targets automotive traction inverters and mobility applications. The global EV market requires power electronics with higher efficiency and improved driving range. Traditional silicon solutions fall short in performance, while Silicon Carbide (SiC) offers benefits but faces cost barriers to widespread adoption. VisIC's D³GaN platform provides efficiency, scalability, and reliability for 400V and 800V EV architectures, enabling lighter and smaller traction inverters.
The $26 million will fund:
- Optimization, qualification, and release of Gen3 750V GaN dice and power modules.
- Development of Gen4 1350V GaN technology for various EV designs.
- Stabilization of the supply chain and increased delivery of GaN products for traction inverters.
- Expansion of GaN solutions to 800V data-center power applications.
Tamara Baksht, CEO of VisIC Technologies, stated: “This investment marks a major milestone for VisIC and the global EV industry. Our D³GaN ...