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- BYD Semiconductor
BYD Semiconductor Valuation, Funding & Investors
BYD Semiconductor is valued at $1.3B as of June 2020.
Last BYD Semiconductor valuation
$1.3B
Series A · Jun 2020
Last BYD Semiconductor funding round
$113M
Series A · Jun 2020
Cumulative funding BYD Semiconductor raised
$381M
across 2 funding rounds
BYD Semiconductor Overview
About BYD Semiconductor
BYD Semiconductor is a Chinese producer of power management and sensor chips based in Shanghai. It manufactures MOSFETs, IGBTs, battery management systems, image sensors, and touch controllers for automotive, consumer, and industrial applications. As a BYD Company subsidiary, it supplies components for electric vehicles and power electronics.
Founded
2004
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$1.3B (Jun 2020)
Sectors
BYD Semiconductor Valuation
BYD Semiconductor is currently valued at $1.3B, based on its Series A in June 2020.
The $113M round included SMIC, BAIC Capital, Shenzhen V&T Technologies, Xiaomi, Country Garden Holdings and 6 other investors.
BYD Semiconductor's valuation has moved from $1.3B at its Series A in May 2020 to $1.3B in June 2020, across 2 priced rounds.
BYD Semiconductor valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2020 | Series A | $1.3B |
| May 2020 | Series A | $1.3B |
BYD Semiconductor Funding History
BYD Semiconductor has raised a total of $381M across 2 funding rounds.
BYD Semiconductor's first fundraising round was a $268M Series A in May 2020. The most recent completed round was a $113M Series A in June 2020.
BYD Semiconductor funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2020 | Series A | SMIC; BAIC Capital; Shenzhen V&T Technologies; Xiaomi; Country Garden Holdings; CITIC; Lenovo Capital and Incubator Group (LCIG); CMB International Capital Corporation; Hua Ventures; Arm China; INVT Industrial Technology | $113M | $1.3B | BYD Semiconductor, the chipmaking subsidiary of Chinese electric vehicle giant BYD Co., specializes in power semiconductors including IGBTs, dubbed the 'CPU of electric cars,' crucial for EV power efficiency and reliability. Spun off as an independent entity in early 2020 ahead of a planned public listing, it held an 18% share of China's EV IGBT market in 2019, trailing Infineon at 58%. The company produces gauge-grade IGBTs with 50,000 wafers monthly capacity in 2020 and supplies SiC power modules for BYD's flagship Han EV, achieving 97% efficiency. In May 2020, BYD Semiconductor closed a 1.9 billion CNY Series A round from 14 investors including Sequoia China and CICC Capital, who acquired 20.12% equity at a pre-money valuation of 7.5 billion CNY. Just 20 days later, around June 15, it raised 800 million CNY ($113 million) in a heavily oversubscribed Series A+ round from 30 strategic investors matching the query: Arm China, BAIC Capital, CITIC Limited, CMB International Capital Corporation, Country Garden Holdings, Hua Ventures, INVT Industrial Technology, Lenovo Capital and Incubator Group (LCIG), Semiconductor Manufacturing International (SMIC), Shenzhen V&T Technologies, Xiaomi, and others like SK Group. This round granted 7.84% equity. Post A+ round, BYD Co. retained a 72.3% stake, with the subsidiary's post-money valuation reaching 10.2 billion CNY ($1.44 billion), up from about 9.45 billion CNY pre-A+. Funds supported working capital, asset purchases, hiring, and R&D to scale IGBT and SiC production amid chip shortages and EV self-sufficiency goals. The rounds positioned BYD Semiconductor for a Shenzhen GEM listing application in July 2020, later paused. |
| May 2020 | Series A | Xiamen Han’er Qingya Investment; Shenzhen Yidun Media Investment Fund; Unicom Zhongjin Innovative Industry Equity Investment; CICC; Advanced Manufacturing Industry Investment Fund; Shenzhen AVIC Kaisheng Auto Semiconductor Investment; Qilu (Xiamen) Equity Investment; Hua Ventures; Himalaya Capital Investors; HSG; Shenzhen Xindixin Investment | $268M | $1.3B | - |
Who has invested in BYD Semiconductor?
21 investors have backed BYD Semiconductor across its funding rounds, including Hua Ventures, HSG, Xiaomi, Lenovo Capital and Incubator Group (LCIG), CICC and CMB International Capital Corporation.
BYD Semiconductor Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | May 2020 | ||
| 1 | Participant | Jun 2020 | ||
| 1 | Participant | Jun 2020 | ||
| 1 | Participant | Jun 2020 | ||
| 1 | Participant | May 2020 | ||
| 1 | Participant | Jun 2020 | ||
| 1 | Participant | Jun 2020 | ||
| 1 | Participant | May 2020 | ||
| 1 | Participant | May 2020 | ||
| 1 | Participant | May 2020 | ||
| 1 | Participant | May 2020 | ||
| 1 | Participant | Jun 2020 | ||
| 1 | Participant | Jun 2020 | ||
This data is available for Pro users. Sign up to see all 21 BYD Semiconductor investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialBYD Semiconductor Competitors
BYD Semiconductor competitors include listed companies like POET Technologies, Wolfspeed, Parade Technologies and Koh Young, and private ones like XLMEC and SmartMore Corporation Limited.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1M | ($60M) | $1.3B | 106.5x | ||
| Private | - | - | $1.3B | - | ||
| Publicly listed | $758M | ($1.1B) | $1.3B | 3.0x | ||
| Publicly listed | $519M | $109M | $1.3B | 1.9x | ||
| Publicly listed | $169M | $21M | $1.4B | 5.9x | ||
| Private | $150M | - | $1.2B | 8.0x |
BYD Semiconductor Public Comps
BYD Semiconductor is still privately-owned, but its public comps include POET Technologies, Wolfspeed, Parade Technologies, Shenzhen Q and D Circuits, Koh Young, Elan Microelectronics, Via Technologies, Netac Technology Co, Axera Semiconductor and Supreme Electronics.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1M | ($60M) | 475.5x | 106.5x | (8.6x) | - | |||
| $758M | ($1.1B) | 2.6x | 3.0x | (1.8x) | 59.7x | |||
| $519M | $109M | 2.0x | 1.9x | 9.4x | 9.8x | |||
| $142M | $27M | 9.2x | - | 49.0x | - | |||
| $169M | $21M | 7.5x | 5.9x | 60.1x | 31.1x | |||
| $387M | $97M | 2.9x | 2.9x | 11.5x | 11.2x | |||
| $300M | ($2M) | 2.0x | 2.0x | (296.7x) | 31.4x | |||
| $185M | $6M | 6.1x | - | 197.6x | - | |||
This data is available for Pro users. Sign up to see all BYD Semiconductor competitors and their valuation data. Start Free Trial | ||||||||
Common questions about BYD Semiconductor
| When was BYD Semiconductor founded? | BYD Semiconductor was founded in 2004. |
| Where is BYD Semiconductor headquartered? | BYD Semiconductor is headquartered in Shenzhen, China. |
| Is BYD Semiconductor publicly listed? | No, BYD Semiconductor is a private, VC-backed company. |
| What is BYD Semiconductor's valuation? | BYD Semiconductor was last valued at $1.3B in its Series A in June 2020. |
| How much funding has BYD Semiconductor raised? | BYD Semiconductor has raised $381M across 2 funding rounds. |
| What was BYD Semiconductor's last funding round? | BYD Semiconductor's last funding round was a $113M Series A in June 2020. |
| Who are BYD Semiconductor's investors? | BYD Semiconductor's investors include Hua Ventures, SMIC, BAIC Capital, Shenzhen V&T Technologies, Xiamen Han’er Qingya Investment, Xiaomi, Country Garden Holdings, Shenzhen Yidun Media Investment Fund, Unicom Zhongjin Innovative Industry Equity Investment, CICC and 11 others. |
| Which companies are comparable to BYD Semiconductor? | Companies comparable to BYD Semiconductor include POET Technologies, XLMEC, Wolfspeed, Parade Technologies, Koh Young and SmartMore Corporation Limited. |
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