LEADRIVE

What LEADRIVE does

LEADRIVE (Shanghai) is a power electronics company founded in 2017 that designs and manufactures SiC-based motor controllers, power modules (bricks), and related components for electric vehicles. The company's technology stack centers on silicon-carbide semiconductors with proprietary packaging, including its OreoPACK dual-side liquid cooling architecture, and emphasizes high power density (claimed 62 kVA/L) alongside ISO 26262 functional safety compliance. Software-defined controllers and firmware are developed at a dedicated Hangzhou software R&D center. The product portfolio is sold directly to automotive OEMs for integration across dozens of passenger-vehicle programs, with cumulative shipments exceeding 4 million power modules and 1 million motor controllers/power bricks and annual motor controller capacity above 3 million units.

The company's commercial model is a tier-1 automotive supplier business, monetizing through unit shipments of motor controllers and power modules under OEM supply contracts. Its operations span four manufacturing bases (Liuzhou, Jiaxing, Wuhu, Chongqing) and R&D centers in Shanghai, Lingang, Aachen (Germany), and Hangzhou, with newer international offices opened in Hong Kong and Japan during 2025. The customer base includes Chery, Qingshan Industrial, and a well-known European automaker; the company ranked among the TOP10 in the 2025 China installation rankings for dual motor controllers, power modules, and export motor controllers. Strategic equity from Volvo Cars Tech Fund and Schaeffler supports both commercial traction and technical integration with European OEMs.

The company is funded across multiple late-stage rounds: a ~$82M Series D in October 2023, an additional ~$68M Series C tranche in December 2024 led by Xingtai Capital, and two further Series C rounds in 2025 with participation from SDIC and the China Internet Investment Fund. Certifications across IATF 16949, ISO 26262, ASPICE CL2, ISO 21434, ISO/IEC 27001, and ISO 14064, combined with 275+ authorized patents, support tier-1 qualification. The company has received designations including Shanghai Innovative Enterprise HQ, Shanghai Manufacturing Single Champion, China IC Unicorn, and National-level Specialized/Refined/Innovative Little Giant, and is exploring adjacent verticals such as electric aircraft, embodied AI hardware, and AIDC power supplies beyond its core passenger-EV business.

Name

LEADRIVE

Legal name

臻驱科技（上海）股份有限公司

Website

http://www.leadrive.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

501–1,000 employees

Short description

LEADRIVE is a Shanghai-based power electronics company founded in 2017 that designs and manufactures SiC-based motor controllers, power modules, and power bricks for global electric-vehicle OEMs across multiple passenger-vehicle programs.

Ownership category

akta.pro rank

Product category

Automotive Power Electronics

NAICS

Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Automotive Power Electronics & Inverters/Converters Manufacturing (IMACAJAE)

akta.pro secondary industry

Power Modules (IGBT/MOSFET/SiC/GaN Modules) (HDAHAHAH)

Keywords

• Power semiconductor devices
• Electric vehicle motor controllers
• Silicon carbide power modules
• Automotive power electronics
• Vehicle electrification solutions

Headquarters

HQ city

Shanghai

HQ country

China

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Operations, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. EV Power Electronics Components: Sale of motor controllers, power bricks, and power modules to automotive OEMs for electric vehicle applications

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

LEADRIVE (臻驱科技) designs and manufactures domestic power semiconductors and new energy vehicle drive solutions for automotive OEMs. Its core product portfolio consists of three categories: motor controllers (PHEV dual, HEV dual, BEV single), power bricks (single, dual, distributed, GCU variants), and SiC/IGBT power modules (OreoPACK, SlimPACK-E, SlimPACK-II). The company combines proprietary forward power module design with vertical integration of motor control systems to deliver high power density and cost-competitive solutions for hybrid and battery electric passenger vehicles.

Product overview

LEADRIVE (臻驱科技) is a technology-driven electric control solution provider for the new energy vehicle sector, offering a comprehensive portfolio of power electronics products. The product lineup consists of three main categories: (1) Motor Controllers (电控) including PHEV dual motor controllers, HEV dual motor controllers, and BEV single motor controllers; (2) Power Bricks (功率砖) including dual power bricks, single power bricks, distributed power bricks, and GCU power bricks; and (3) Power Modules (功率模块) including OreoPACK, SlimPACK-E, and SlimPACK-II. The company follows a unique technology route combining forward-designed power modules with vertically integrated electric control systems, enabling performance and cost advantages. Products range from first-generation controllers (2020) to advanced third-generation dual motor controllers with power densities exceeding 62kVA/L. The portfolio supports both IGBT and silicon carbide (SiC) technologies for various EV applications from hybrid to fully electric vehicles.

Differentiator

Problem solved

Functional benefit

Products and services

• PHEV Dual Motor Controller (PHEV双电机控制器) Motor controller for plug-in hybrid electric vehicles (PHEV) designed for A-segment and above passenger cars, delivering peak power of 2x160 kVA with 5.2L product volume and 61.5 kVA/L power density; meets Class 5 EMC and ASIL C functional safety.
• HEV Dual Motor Controller (HEV双电机控制器) Motor controller for hybrid electric vehicles (HEV) designed for A-segment and above passenger cars, with peak power of 140/180 kVA, Class 5 EMC, and ASIL C functional safety.
• BEV Single Motor Controller (BEV单电机控制器) Motor controller for battery electric vehicles (BEV) designed for A0-segment and above passenger cars, delivering peak power of 100 kVA with 2.2L product volume and 45.5 kVA/L power density.
• Dual Power Brick (双电控功率砖) Power brick solution for dual motor controllers in A-segment and above PHEV passenger cars, using the OreoPACK platform with IGBT chips, 400V voltage, 550Arms peak current, and 1.7L product volume.
• Single Power Brick (单电控功率砖) Power brick solution for single motor controllers in A-segment and above BEV passenger cars, using SlimPACK platform with IGBT/SiC chips, supporting 400V/800V voltage, 620Arms peak current, and as low as 0.6L product volume.
• Distributed Power Brick (分布式功率砖) Distributed power brick solution for B-segment and above BEV/REEV passenger cars, using SlimPACK platform with IGBT/SiC chips, supporting 400V/800V voltage, 2x400Arms peak current, and 1.6L product volume.
• GCU Power Brick (GCU功率砖) SiC-based power brick solution for generator control units in B-segment and above REEV passenger cars, using SlimPACK platform with SiC chips, supporting 800V voltage, 230Arms peak current, and 1.6L product volume.
• OreoPACK Power Module Power module for HEV/PHEV passenger cars with rated voltage of 750V, rated current of 800Arms, 55x56mm package, 185°C max operating junction temperature, 7.5nH stray inductance, featuring proprietary dual-side liquid cooling technology.
• SlimPACK-E Power Module Power module adaptable to PHEV/BEV platforms with voltage options of 400/800/1200V, supporting IGBT/SiC chip types, 800Arms peak current, 185°C max sustainable junction temperature, 5.4nH inductance, with elliptical Pin-Fin water-cooled base measuring 140x72mm, supporting 2L/3L topology.
• SlimPACK-II Power Module Advanced power module adaptable to PHEV/BEV platforms with voltage options of 400/800/1200V, supporting IGBT/SiC chip types, 700Arms peak current, 200°C max sustainable junction temperature, 6nH inductance, with elliptical Pin-Fin water-cooled base measuring 100x75.5mm.

Quantifiable outcome

• Power density of 61.5 kVA/L for PHEV dual motor controller
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature12 records

Partnerships

One partnership is on record.

• Schaeffler (舍弗勒)coreStrategic or Co-development Partner · 1 January 2021Schaeffler invested strategically in Leadrive and established a partnership in 2021. Schaeffler is a leading automotive and industrial supplier.

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• CR Micro (华润微电子): Major Chinese power semiconductor IDM with SiC/IGBT product lines serving automotive and industrial markets. Competes with Leadrive on discrete power devices and power modules for NEV applications.
• BYD Semiconductor: Vertically integrated SiC/IGBT power semiconductor subsidiary of BYD. Competes with Leadrive on power modules and motor controllers, primarily inside BYD's captive OEM but increasingly selling externally.
• Vitesco Technologies: European Tier 1 supplier of power electronics (inverters, DC/DC converters) for hybrid and battery EVs. Direct competitor for Leadrive's European OEM programs and a benchmark for global power-density roadmaps.
• Wolfspeed: Pure-play SiC power semiconductor company supplying SiC MOSFETs and power modules to automotive inverter/motor controller markets. Comparable technology focus (SiC) and serves overlapping global EV customers.
• Silan Microelectronics (士兰微电子): Chinese power semiconductor IDM with growing SiC and IGBT module portfolio targeting EV motor controllers and power modules. Comparable product mix and customer overlap with Leadrive.
• StarPower Semiconductor (斯达半导): China's largest dedicated IGBT/SiC power module supplier for NEVs and industrial drives. Most directly comparable to Leadrive's power module business, with overlapping customer base of Chinese and international automotive OEMs.

Broad incumbents

• Inovance Technology (汇川技术): China's largest industrial automation and EV power electronics supplier with broad NEV motor-controller and power-module portfolio. Larger and more diversified than Leadrive, but directly competes in EV motor controllers.
• ZF Friedrichshafen: Global Tier 1 automotive supplier with significant EV power electronics and e-drive systems business. Competes with Leadrive via its established OEM relationships and integrated e-drive solutions.
• onsemi (ON Semiconductor): Global power semiconductor supplier with a major SiC traction inverter module product line acquired through GT Advanced Technologies. Competes with Leadrive at the SiC device and module level for global EV OEMs.
• BorgWarner: Global Tier 1 supplier with EV power electronics, including SiC inverters and integrated drive modules. Competes with Leadrive for global OEM power-electronics sockets across HEV/PHEV/BEV platforms.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/414705662427275
• LinkedInlinkedin.com/company/leadrive

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries9 records

Funding overview

Funding rounds12 records

Investors30 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LEADRIVE