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- Xinlian Power
Xinlian Power Revenue, Valuation, Funding & Investors
Xinlian Power is valued at $2B as of November 2026, a 4.8x revenue multiple. Xinlian Power revenue was $413M, as disclosed with its latest round.
Last Xinlian Power valuation
$2B
Series C · Nov 2026
Last Xinlian Power funding round
$300M
Series C · Nov 2026
Xinlian Power revenue
$413M
Series C · Nov 2026
Key investors in Xinlian Power
Cathay Capital
CITIC Securities
Jinshi Investment
China Mobile Innovation Industry Fund
Sinopec Capital
Galaxy Yuanhui Investment
Xinlian Power Overview
About Xinlian Power
Xinlian Power is a semiconductor company based in Shaoxing, China, founded in 2023. The company researches and develops processes for, manufactures and sells silicon carbide (SiC) and other wide bandgap semiconductor products, together with related solutions. Wide bandgap devices are used mainly in power electronics, such as electric vehicles and energy systems.
Founded
2023
HQ
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Revenue
$413M (Nov 2026)
Valuation
$2B (Nov 2026)
Xinlian Power Valuation
Xinlian Power is currently valued at $2B, based on its Series C in November 2026. Read the announcement ↗
The $300M round was led by China Mobile Innovation Industry Fund, with participation from Sinopec Capital, Novartis Capital, Jinshi Investment, Puchao Capital, Xingyu Touzi and 6 other investors.
Xinlian Power valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Nov 2026 | Series C | $2B | 4.8x |
Xinlian Power Revenue
Xinlian Power's latest recorded revenue is $413M, as of its Series C in November 2026. At a $2B valuation, that implies a 4.8x revenue multiple.
Xinlian Power revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Nov 2026 | $413M | $2B | 4.8x | Series C |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Xinlian Power Funding History
Xinlian Power has raised a total of $300M across 1 funding round.
Xinlian Power funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2026 | Series C | China Mobile Innovation Industry Fund (lead); Sinopec Capital; Novartis Capital; Jinshi Investment; Puchao Capital; Xingyu Touzi; IEIT Systems; Vision Plus Capital; Cathay Capital; CITIC Securities; Konfoong Materials; Galaxy Yuanhui Investment | $300M | $2B | Xinlian Power, a Chinese compound-semiconductor maker, raised a Series C round of nearly CNY 2 billion, about USD 300 million, in November 2026. The round lifted its valuation above USD 2 billion. It was led by a China Mobile-linked industry fund, and the participants included Cathay Capital, Puchao Capital, CITIC Securities, Galaxy Yuanhui, Inspur, Sinopec Hydrogen Energy Fund, NAURA, Jiangfeng Electronics and Changzhou Xingyu. Another report puts the raise at nearly USD 275 million. The proceeds are meant to fund a pivot from electric-vehicle power chips toward power supply for AI data centres. Xinlian Power was founded in 2023 and is based in Shaoxing, China. It designs, makes and packages silicon carbide and gallium nitride chips and modules, and its early backers were carmakers. |
Who has invested in Xinlian Power?
12 investors have backed Xinlian Power across its funding rounds, including Cathay Capital, CITIC Securities, Jinshi Investment, China Mobile Innovation Industry Fund, Sinopec Capital and Galaxy Yuanhui Investment.
Lead investors include China Mobile Innovation Industry Fund.
Xinlian Power Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Nov 2026 | ||
| 1 | Participant | Nov 2026 | ||
| 1 | Lead | Nov 2026 | ||
| 1 | Participant | Nov 2026 | ||
| 1 | Participant | Nov 2026 | ||
| 1 | Participant | Nov 2026 | ||
| 1 | Participant | Nov 2026 | ||
| 1 | Participant | Nov 2026 | ||
| 1 | Participant | Nov 2026 | ||
| 1 | Participant | Nov 2026 | ||
This data is available for Pro users. Sign up to see all 12 Xinlian Power 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 TrialXinlian Power Competitors
Xinlian Power competitors include listed companies like Kitron, Wuhu Token Sciences, Inari Amertron and Ultra Clean Holdings, and private ones like Vital Thin Film Materials and Silicon Box.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $828M | $93M | $2B | 1.7x | ||
| Publicly listed | $1.7B | $152M | $2B | 1.5x | ||
| Publicly listed | $293M | $52M | $2B | 4.9x | ||
| Publicly listed | $2.1B | ($35M) | $2B | 1.0x | ||
| Private | - | - | $3.3B | - | ||
| Private | - | - | $1B | - |
Xinlian Power Public Comps
Xinlian Power is still privately-owned, but its public comps include Kitron, Meiko Electronics, Wuhu Token Sciences, Inari Amertron, Chicony Electronics, Ultra Clean Holdings, Shenzhen SED, Southchip Semiconductor, Anhui XDLK Microsystem and Tianma.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $828M | $93M | 2.5x | 1.7x | 22.0x | 14.3x | |||
| $1.5B | $268M | 2.0x | 1.6x | 11.3x | 9.5x | |||
| $1.7B | $152M | 1.4x | 1.5x | 16.3x | - | |||
| $293M | $52M | 5.3x | 4.9x | 30.3x | 21.4x | |||
| $2.9B | $339M | 0.5x | 0.6x | 4.6x | 4.6x | |||
| $2.1B | ($35M) | 1.3x | 1.0x | (73.6x) | 10.3x | |||
| $7.4B | $220M | 0.4x | 0.4x | 13.6x | 11.3x | |||
| $489M | $40M | 3.7x | 3.5x | 45.7x | 409.5x | |||
This data is available for Pro users. Sign up to see all Xinlian Power competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Xinlian Power
| When was Xinlian Power founded? | Xinlian Power was founded in 2023. |
| Where is Xinlian Power headquartered? | Xinlian Power is headquartered in Shaoxing, China. |
| Is Xinlian Power publicly listed? | No, Xinlian Power is a private, VC-backed company. |
| What is Xinlian Power's valuation? | Xinlian Power was last valued at $2B in its Series C in November 2026. |
| How much funding has Xinlian Power raised? | Xinlian Power has raised $300M across 1 funding round. |
| What was Xinlian Power's last funding round? | Xinlian Power's last funding round was a $300M Series C in November 2026, led by China Mobile Innovation Industry Fund. |
| Who are Xinlian Power's investors? | Xinlian Power's investors include Sinopec Capital, Novartis Capital, China Mobile Innovation Industry Fund, Jinshi Investment, Puchao Capital, Xingyu Touzi, IEIT Systems, Vision Plus Capital, Cathay Capital, CITIC Securities and 2 others. |
| What is Xinlian Power's revenue? | Xinlian Power's latest recorded revenue is $413M (November 2026). |
| What is Xinlian Power's revenue multiple? | Xinlian Power's latest valuation implies a 4.8x revenue multiple ($2B valuation on $413M of revenue). |
| Which companies are comparable to Xinlian Power? | Companies comparable to Xinlian Power include Kitron, Wuhu Token Sciences, Inari Amertron, Ultra Clean Holdings, Vital Thin Film Materials and Silicon Box. |
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