China’s Tsing Capital joins $20m round for GaN Systems

Other participants in the round include BDC Capital, Chrysalix Energy Venture Capital and RockPort Capital.

GaN Systems manufactures power-switching semiconductors using gallium nitride (GaN) in place of the traditional silicon, which said to allows the devices to be smaller and more efficient. Its technology can feature in data centers, solar inverters, televisions, motors and electric vehicles.

The global power transistor market is worth $15 billion and GaN-based transistors are increasingly gaining traction.

"China represents one of the largest and fastest growing markets for power electronics globally, and we look forward to helping support GaN System's expansion and product delivery," Michael Li, managing partner at Tsing Capital, said in a statement.

The new funds will be used to boost sales and marketing of the company's transistors, as well as to expand its manufacturing line.

Founded in 2001, Tsing Capital was China's first cleantech and environment-focused GP. Its investmetns cover renewable energy, environment protection, new materials, energy efficiency, sustainable transportation and the internet-of-things.

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