Gatesea, a supplier of new energy and smart grid chips, has completed a round A of financing worth nearly 100 million yuan ($14.79 million), according to an announcement issued on July 27 by Profir Capital, a financial consultant of the deal. The investors were Zhongsu Capital, Oriza Holdings, ZHJ Group, WOFO Capital, PH Capital and other well-known industrial funds.
Founded in 2018, Gatesea is a design, R&D and sales company co-founded by local and overseas IC veterans. It specializes in the R&D, production and sales of chips and modules in the new energy and smart grid fields. The company actively invests in the development of secure interconnection technology and provides cost-effective solutions for customers in the field of IoT such as smart grids, industrial controls and smart homes.
Gatesea has released many products, such as broadband power line carrier chip, HPLC/HRF dual-mode chip, wireless transceiver chip, a photovoltaic fast shutter module and photovoltaic optimizer module.
Specifically, the company’s power line noise suppression technology and intelligent sensing adaptive technology of broadband power line carrier chip can effectively solve the problem of unstable communications. The funds are marked for the development and mass-production of chips and modules in the fields of new energy and smart grids.