SAIC Capital

SAIC Capital is a venture capital firm specializing in direct investments and fund of funds. Established in Shanghai, China, it focuses on investing in emerging technologies within the automotive industry, including new energy vehicles, intelligent connected cars, and related sectors. The firm aims to create value for SAIC Group and various investors through strategic investments.

Michael Cohen

Venture Capital Investor

Joe Walkush

EVP

Gordon Wan

Partner

Ye Wang

Principal

Past deals in Automotive

Huaqing Electronic Material

Series D in 2024
Huaqing Electronic Material is a leading manufacturer specializing in the research, development, production, and sales of high-performance aluminum nitride ceramic substrates. These substrates exhibit exceptional thermal conductivity, low dielectric properties, and robust mechanical strength. Huaqing's products cater primarily to high-tech industries such as 5G communications, aerospace, automotive electronics, and semiconductors, both domestically and internationally. The company employs tape-casting manufacturing processes to ensure the quality of its ceramic substrates, which are renowned for their reliability and affordability in various applications.

Thinktech

Series C in 2023
Thinktech is a design and manufacturing company that specializes in producing automotive-grade semiconductors. They provide automotive security designed for ICV applications with built-in hardware. The company focuses on providing comprehensive security solutions to the Chinese automotive sector.

Huaqing Electronic Material

Series C in 2023
Huaqing Electronic Material is a leading manufacturer specializing in the research, development, production, and sales of high-performance aluminum nitride ceramic substrates. These substrates exhibit exceptional thermal conductivity, low dielectric properties, and robust mechanical strength. Huaqing's products cater primarily to high-tech industries such as 5G communications, aerospace, automotive electronics, and semiconductors, both domestically and internationally. The company employs tape-casting manufacturing processes to ensure the quality of its ceramic substrates, which are renowned for their reliability and affordability in various applications.

Adaps Photonics

Venture Round in 2023
Shenzhen Adaps Photonics Technologies Co., Ltd, established in May 2018 by a team of four doctors, specializes in the development and manufacturing of advanced 3D sensor chips that enhance smart hardware and three-dimensional perception capabilities. Based in Nanshan, Shenzhen, with a research and development facility in Zhangjiang, Shanghai, the company employs over 80 professionals, including more than ten doctorate holders from prestigious universities. Adaps Photonics leverages cutting-edge single-photon detector technology to serve various applications, including unmanned driving, communication equipment, security monitoring, and smart home systems. Their chips are integral to mobile phone 3D modules, lidar, and other high-performance depth sensing systems, enabling downstream operators to create sophisticated three-dimensional perception modules and enhance the functionality of existing technologies. In 2019, the company achieved recognition by securing first place in the electronic information category at the Shenzhen Peacock Team's China Entrepreneurship and Innovation Competition.

Thinktech

Venture Round in 2022
Thinktech is a design and manufacturing company that specializes in producing automotive-grade semiconductors. They provide automotive security designed for ICV applications with built-in hardware. The company focuses on providing comprehensive security solutions to the Chinese automotive sector.

Qixin Micro Semiconductor

Venture Round in 2021
Suzhou Qixin Micro Semiconductor Co., Ltd. was established in October 2020. Based on the ARM Cortex M4, M7 and other series of architectures, it will build high-performance and high-reliability system-on-chips for different automotive application scenarios, and develop high-end smart car controller chips. Through the use of self-developed IP, unique multi-core lock-step technologies, and the unique Six Sigma analog circuit design process for automotive-standard chips, a full series of product families covering safety standards ISO26262 ASIL-B to ASIL-D have been designed. The company's products all meet the automotive regulations AEC-Q100, functional safety standard ISO26262 and various automotive regulations reliability tests, and can be widely used in the fields of body, automotive instrumentation, safety, power, battery management and other fields. The company is mainly engaged in the research and development and sales of high-end automotive controller chips. The goal is to fill the gap in the domestic new generation of intelligent networked automotive controller chips, and is committed to becoming a leading manufacturer in the field of automotive and industrial controllers in China.

GTA Semiconductor

Venture Round in 2021
GTA Semiconductor is a semiconductor chip developer that specializes in the research and development, as well as the design, of integrated circuit technologies. The company manufactures a range of products, including power devices, power management components, and sensor chips. These semiconductor solutions find applications across various sectors, including industrial control, automotive, electric power, and energy. By focusing on these key areas, GTA Semiconductor aims to provide specialized technological solutions that address the specific needs of its diverse clientele.

Thinktech

Series A in 2021
Thinktech is a design and manufacturing company that specializes in producing automotive-grade semiconductors. They provide automotive security designed for ICV applications with built-in hardware. The company focuses on providing comprehensive security solutions to the Chinese automotive sector.

Hestia Power

Series A in 2021
Hestia Power is a technology and product development firm specializing in silicon carbide (SiC) and gallium nitride (GaN) power semiconductors. The company focuses on creating semiconductor power devices and power modules, including SiC power semiconductors and wide-bandgap power modules. Hestia Power's innovations serve various industries, including automotive, high-speed rail, and aerospace, enabling these sectors to enhance their technologies and electronic systems through advanced semiconductor solutions.

Sonatus

Series A in 2021
Sonatus, Inc. is a technology company based in Sunnyvale, California, founded in 2018. It specializes in developing software solutions that enhance vehicle-to-external connectivity and facilitate the collection of critical data for automobile manufacturers. Sonatus offers a software-defined vehicle platform that integrates vehicle and cloud-based software for in-vehicle infrastructure management, data management, and automation. Its cloud-connected and secure digital platform enables real-time monitoring and management of vehicles, allowing automotive companies to streamline operations, reduce complexity and costs, and improve agility. By providing essential tools for continuous improvement in vehicle capabilities and user experience, Sonatus supports the evolution toward software-defined vehicles in the automotive industry.

ChipON

Series B in 2021
Xinwang Microelectronics, also known as ChipON, is a high-tech enterprise specializing in the research and development of reliable and high-quality microcontroller units (MCUs) and digital signal processors (DSPs). The company focuses on 8-bit and 32-bit MCUs based on its proprietary KungFu core architecture. ChipON has successfully launched several products, including KF8F, KF8L, KF8A, KF8TS, KF8S, KF32A, KF32F, KF32L, and KF32LS, catering to professional chip application markets. Additionally, ChipON offers supporting tools such as the ChipON IDE integrated development environment, ChipON PRO programming software, and KungFu Minipro simulation programmer. The company's expertise spans from chip core design to tool development, covering the entire ecosystem with its own intellectual property.

Envisics

Series B in 2020
Envisics Limited is an automotive technology company based in Milton Keynes, United Kingdom, specializing in the design and development of holographic projection systems and computation algorithms for head-up and head-mounted displays. Founded in 2009, the company focuses on light manipulation through phase-only holography, leveraging advanced holographic and laser-based technologies to deliver high-quality images. Envisics aims to transform automotive displays and enhance the in-car experience by partnering with leading automakers and tier-one suppliers. Its dynamic holography platform enables the creation of head-up display images that overlay information seamlessly onto the driver’s field of view, thereby improving safety and providing essential driving information without distraction.

iSmartWays

Seed Round in 2020
iSmartWays Technology Inc. is a Canadian company based in Edmonton that specializes in developing smart mobility automotive equipment. Founded in 2014, the company focuses on vehicle-to-everything (V2X) technology, facilitating wireless communication between vehicles and their surroundings. Its product offerings include the MOCAR V-MASTER OBU for vehicle-to-vehicle communication and the MOCAR I-MASTER RSU for communication with roadside infrastructure such as traffic lights and weather information systems. Additionally, iSmartWays provides a software development kit (SDK) that supports the creation of V2X applications and integrates dedicated short-range communication and cellular V2X communication modules. The company serves a diverse clientele, including automotive manufacturers, road operators, and system integrators, primarily in the United States, China, and Canada.

iSMARTWAYS

Seed Round in 2020
iSmartways (Wuhan) Technology Co., Ltd. is a company based in Wuhan, China, focused on developing vehicle-to-everything (V2X) technology. This technology aims to connect vehicles to various surrounding systems, including other vehicles, traffic lights, and highways. Through its research and development efforts, iSmartways creates both hardware and software solutions that facilitate enhanced communication between vehicles and their environment. The company's innovations are designed to support autonomous driving capabilities and reduce the frequency of traffic accidents, contributing to advancements in the intelligent transportation industry.

CalmCar Vision System

Series A in 2019
CalmCar Vehicle Vision is a Chinese intelligent driving vision system provider. They are specialized in developing intelligent vision system for ADAS, autopilot and autonomous driving with functions of Lane Departure Warning (LDW), Front Collision Warning (FCW), Pedestrian Collision Warning(PCW), Blind Spot Detection (BSD) and Traffic Sign Recognition (TSR).

GuardKnox

Series A in 2019
GuardKnox is an automotive technology company that specializes in developing high-performance, secure, and customizable solutions for software-defined vehicles. Founded in 2016 and headquartered in Israel, with additional offices in Munich, Germany, and Detroit, Michigan, GuardKnox focuses on providing scalable technologies that enhance vehicle connectivity. The company's platform enables consumers to personalize their vehicle's performance and in-vehicle experience through its advanced firmware and software components, which are designed for high-speed and low-latency operation. By prioritizing secure-by-design practices, GuardKnox aims to assist clients in efficiently bringing innovative applications and services to market, ultimately improving the overall mobility experience.

Lianzhong Finance

Series A in 2019
Lianzhong Finance is an automobile financial services provider based in Shanghai, China, established in 2017. The company specializes in a range of financial solutions for the automotive sector, including loans for new and used vehicle purchases, inventory financing, group purchase loans, and rent-and-purchase services. Lianzhong Finance operates under two primary brands, Lianzhong Finance and Lianzhong Express, and aims to cover various aspects of the automotive aftermarket financial business. Through its comprehensive offerings, the company supports both individual consumers and dealerships in meeting their automotive financing needs.

Banma Network

Series A in 2018
Banma Network Technologies is a global vehicle solution platform focused on the automotive and transportation industries. The company specializes in developing smart car operating systems and digital transportation solutions, aiming to enhance the connectivity and functionality of vehicles. By offering its AliOS in-car operating system to developers and car manufacturers, Banma seeks to facilitate the integration of connected car technologies, ultimately optimizing the user experience in smart mobility. Through its innovative services, Banma Network is committed to realizing the full potential of connected vehicles and transforming the travel industry.

Metawave

Venture Round in 2018
Metawave Corporation is a technology company based in Palo Alto, California, specializing in the development of advanced beamsteering radars using metamaterials and artificial intelligence. Founded in 2017, the company primarily serves the automotive industry, offering innovative solutions for safe automated driving. Its flagship product, SPEKTRA, is designed to enhance safety for automakers by providing high-performance radar capabilities for 3D imaging and vehicle-to-vehicle communications. Additionally, Metawave develops TURBO active repeaters to extend signal coverage in difficult environments, as well as ECHO passive reflectors to optimize signal direction in areas with lower coverage. The company also offers AWARE, an AI platform that leverages deep learning to extract valuable information from radar signals. In parallel, Metawave is working on smart beamsteering antennas to improve 4G and 5G networks, aiming to enhance connectivity for billions of users.

Savari

Series B in 2018
Savari, Inc. is a technology company specializing in the development of software and hardware sensor solutions for automotive original equipment manufacturers (OEMs), the automotive aftermarket, smart cities, and pedestrians. Founded in 2011 and based in Santa Clara, California, Savari focuses on vehicle-to-everything (V2X) communication technology, which allows vehicles to connect with other cars, infrastructure like traffic lights, pedestrians, and bicyclists. This connectivity aims to enhance the safety and efficiency of transportation systems. In addition to V2X communication, Savari provides middleware, applications, roadside units, and onboard units to support these connections. The company has regional offices in Germany, South Korea, and China, as well as a research and development facility in India and a location in Michigan. With its innovative approach, Savari seeks to make transportation more predictive and secure.

Shenzhen Daotong Technology

Venture Round in 2017
Daotong Technology has been deeply involved in the field of global automobile intelligent diagnosis and testing. It has built comprehensive automobile diagnostic products, TPMS series for automobile tire pressure monitoring systems, and automobile tire pressure monitoring systems by keeping up with the development trend of automobiles and continuous product innovation. The ADAS series of intelligent assisted driving systems is one of three major product lines. Simultaneously, it began to provide integrated intelligent maintenance cloud services based on the diagnosis and maintenance data and cases accumulated over the years. It was founded in 2004 and is listed on the Shanghai Stock Exchange's Science and Technology Innovation Board in February 2020.

Metawave

Seed Round in 2017
Metawave Corporation is a technology company based in Palo Alto, California, specializing in the development of advanced beamsteering radars using metamaterials and artificial intelligence. Founded in 2017, the company primarily serves the automotive industry, offering innovative solutions for safe automated driving. Its flagship product, SPEKTRA, is designed to enhance safety for automakers by providing high-performance radar capabilities for 3D imaging and vehicle-to-vehicle communications. Additionally, Metawave develops TURBO active repeaters to extend signal coverage in difficult environments, as well as ECHO passive reflectors to optimize signal direction in areas with lower coverage. The company also offers AWARE, an AI platform that leverages deep learning to extract valuable information from radar signals. In parallel, Metawave is working on smart beamsteering antennas to improve 4G and 5G networks, aiming to enhance connectivity for billions of users.

Naen Auto

Series C in 2017
Shanghai NAEN Auto Technology Co., Ltd. specializes in the development and manufacturing of automotive electronics tailored for automobile manufacturers. The company offers a range of advanced products including passive entry passive start systems, electronic steering column locks, smart air conditioning systems, body control modules, heads-up display systems, domain control units, capacitive sensors, and kick sensors. By providing these innovative solutions, NAEN Auto enables automotive manufacturers to enhance the intelligence and functionality of their vehicles.

Auto Parts Ruitai

Angel Round in 2017
Auto Parts Ruitai is committed to the management tenet of win-win outcomes and mutual benefit. By consistently improving its market-leading products and generating fresh value for its customers, a company has built a solid market development and marketing strategy. The goods are offered for sale all around the world. produces steering and suspension components for vehicles.

YourMechanic

Series B in 2016
YourMechanic, Inc. is an online platform that facilitates car repair and maintenance services, allowing vehicle owners to request quotes, book appointments, and receive advice from professional mechanics at their home or office. Established in 2011 and based in Mountain View, California, the company aims to make car repair both affordable and convenient. YourMechanic connects car owners with local mechanics, enabling customers to choose the services they need and the mechanics they prefer. The platform offers a comprehensive range of services, including oil changes, brake pad replacements, and diagnostics, as well as tools for tracking maintenance schedules and service histories. By providing a transparent and user-friendly approach to car maintenance, YourMechanic enhances the overall experience for both vehicle owners and service providers.

Savari

Series A in 2016
Savari, Inc. is a technology company specializing in the development of software and hardware sensor solutions for automotive original equipment manufacturers (OEMs), the automotive aftermarket, smart cities, and pedestrians. Founded in 2011 and based in Santa Clara, California, Savari focuses on vehicle-to-everything (V2X) communication technology, which allows vehicles to connect with other cars, infrastructure like traffic lights, pedestrians, and bicyclists. This connectivity aims to enhance the safety and efficiency of transportation systems. In addition to V2X communication, Savari provides middleware, applications, roadside units, and onboard units to support these connections. The company has regional offices in Germany, South Korea, and China, as well as a research and development facility in India and a location in Michigan. With its innovative approach, Savari seeks to make transportation more predictive and secure.

Civil Maps

Convertible Note in 2015
Civil Maps is a geospatial technology company based in Berkeley, California, specializing in artificial intelligence-driven mapping solutions. The company provides a sensor-agnostic platform for creating high-accuracy, low-cost 3D HD maps that assist heavy-industry clients and governmental agencies, as well as Fortune 100 companies across various sectors including utility, oil and gas, solar, telecommunications, transportation, and forestry. Their innovative technology supports autonomous driving initiatives by allowing vehicles to develop a "mental model" of their surroundings, utilizing proprietary Fingerprint Basemap Technology for effective sensor fusion and centimeter-accurate localization. This capability enhances vehicles' environmental awareness and safety, while also significantly lowering the costs and energy demands associated with the large-scale deployment of autonomous systems like delivery bots.

Xing Li Automotive Equipment Corporation Kun Shan

Angel Round in 2015
Xing Li Automotive Equipment Ltd. Corporation Kun Shan specializes in the development, production and sales of sensor products.

Cihon Technology

Series A in 2015
Cihon Technology is a digital intelligence service platform specializing in data analytics for the automotive industry. The company offers insights on vehicles, auto parts, and vehicle owners, primarily catering to car manufacturers and insurance providers. By leveraging its data analytics capabilities, Cihon Technology aims to enhance business operations within the automotive sector.

MINO

Series C in 2015
Guangzhou Mino Automotive Equipment Co., Ltd. specializes in designing and manufacturing automotive equipment in South China. The company offers a range of flexible production solutions tailored for vehicle and parts manufacturers, which include framers, servo locators, robot hemming systems, and high-speed conveyors. Additionally, Mino provides automatic transportation solutions such as accumulating pallet conveyors and high-speed shuttles, as well as laser application solutions for welding and cutting. Its product offerings extend to framing, underbody, body side, and closure welding lines, alongside sub-assembly parts and powertrain manufacturing equipment. Mino also focuses on electrical automation solutions, incorporating automated integration control and information management systems. Founded in 2008 and based in Guangzhou, the company has established a strategic partnership with Siemens to enhance its technological capabilities. Mino's intelligent manufacturing solutions aim to improve efficiency for the automotive and industrial manufacturing sectors through innovative technologies and modular production lines.

SDC Materials

Series D in 2015
SDCmaterials is a privately held company that was founded in 2004 with a vision centered on Revolutionizing Materials Engineering. Their corporate mission is to create novel, high value, nano‐enhanced products that are easily integrated into Their customers’ manufacturing processes. The company’s primary focus is emission control catalyst ingredients for the automobile industry. SDC has developed proprietary catalytic materials fabrication and integration processes that are enabling step‐function improvements in the performance efficiencies of the underlying precious metals that are key to emissions control.

MINO

Angel Round in 2010
Guangzhou Mino Automotive Equipment Co., Ltd. specializes in designing and manufacturing automotive equipment in South China. The company offers a range of flexible production solutions tailored for vehicle and parts manufacturers, which include framers, servo locators, robot hemming systems, and high-speed conveyors. Additionally, Mino provides automatic transportation solutions such as accumulating pallet conveyors and high-speed shuttles, as well as laser application solutions for welding and cutting. Its product offerings extend to framing, underbody, body side, and closure welding lines, alongside sub-assembly parts and powertrain manufacturing equipment. Mino also focuses on electrical automation solutions, incorporating automated integration control and information management systems. Founded in 2008 and based in Guangzhou, the company has established a strategic partnership with Siemens to enhance its technological capabilities. Mino's intelligent manufacturing solutions aim to improve efficiency for the automotive and industrial manufacturing sectors through innovative technologies and modular production lines.
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