About Zhenqu Technology
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Zhenqu Technology is a company based in Pudong (China) founded in 2017 by Jie Shen and Marius Mechlinski. Zhenqu Technology has raised $235.99 million across 7 funding rounds from investors including Volvo Cars, Lenovo and Legend Capital. Zhenqu Technology operates in a competitive market with competitors including Shanghai Dajun Power Control Technology, zinsight Technology, Guangzhou Daxiang Technology Development, eSystems and Ergon Labs, among others.
- Headquarter Pudong, China
- Founders Jie Shen, Marius Mechlinski
- SectorsTransportation, Automotive & Logistics
- EmailLocked
- Website leadrive.com
- Social LinkedIn
- Legal Name Leadrive Technology Germany Gmbh
- Total Equity Funding$235.99 M (USD)
in 7 rounds
- Latest Funding Round$84.11 M (USD), Series E
Sep 08, 2025
- InvestorsVolvo Cars
& 18 more
People of Zhenqu Technology
2 people are tracked at Zhenqu Technology (2 in leadership).
| Name | Role | Group |
|---|---|---|
Jie Shen | Founder | Leadership |
Marius Mechlinski | Co-Founder & MD | Leadership |
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Funding Insights of Zhenqu Technology
Zhenqu Technology has successfully raised a total of $235.99M across 7 strategic funding rounds. The most recent funding activity was a Series E round of $84.11 million completed in September 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $236.0M
- Total Rounds 7
- Last Round Series E — $84.1M
- First Round $22.0M
(17 Aug 2020)
- Investors Count 19
All 7 funding rounds of Zhenqu Technology with amounts, post-money valuations and investors.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 08 Sep 2025 | $84.1M | Series E | – | SDIC Innovation , China Merchants Capital | |
| 28 Feb 2025 | Undisclosed | Series E | – | SDIC Venture Capital Management | |
| 09 Oct 2023 | $83.4M | Series D | – | Legend Capital , Orizafofs | |
| 04 Sep 2023 | Undisclosed | Series C | – | Volvo Cars | – |
| 25 Sep 2022 | Undisclosed | Series C | – | Legend Capital | – |
| 09 Oct 2021 | $46.5M | Series B | – | Lenovo , China Capital Investment Group | |
| 17 Aug 2020 | $22.0M | Series B | – | Legend Capital |
19 investors in total: 18 institutional and 1 angel.
Investors in Zhenqu Technology
Zhenqu Technology has secured backing from 19 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Volvo Cars, Lenovo and Legend Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture Capital firm focused on multiple sectors | – | legendcapital.com.cn | Haidian, China | |
- | – | orizafofs.com | - | |
Private equity and hedge fund focused on multiple strategies | – | c.capital | Hong Kong, China | |
- | – | xinshangcapital.tcc.mode | - | |
- | – | huataibaoliinvestment.tcc.mode | - | |
- | – | dunchenginvestment.tcc.mode | - | |
- | – | jiusongfanxing.tcc.mode | - | |
- | – | ccig.com | - | |
Private equity firm investing in multiple sectors | – | sdicfund.com | Xicheng, China | |
PE firm investing in China | – | cmcapital.com.cn | Shenzhen, China |
Investor details for Zhenqu Technology
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Timeline of Zhenqu Technology
3 dated milestones of Zhenqu Technology across 8 years, from founding to its latest funding, stage changes and deals.
- Zhenqu Technology is founded.
- First funding round of $22.0M.
- Latest funding round, Series E, of $84.1M.
Competitors of Zhenqu Technology
Zhenqu Technology operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Shanghai Dajun Power Control Technology, zinsight Technology, Guangzhou Daxiang Technology Development, eSystems and Ergon Labs, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dajuntech.com | 2005 | Minhang, China | $20.0M | – | Electric motors and controllers for EVs are manufactured. | |
| zinsight-tech.com | 2019 | Nanjing, China | $13.9M | – | Electric drive systems and silicon carbide semiconductors are manufactured. | |
| lebitec.com | 2014 | Guangzhou, China | – | – | Develops innovative motor kits for various electric vehicles. | |
| esystems-mtg.de | 2019 | Wendlingen, Germany | – | 56 | Networked solutions for intelligent energy management in e-mobility are provided. | |
| ergon-labs.com | 2019 | Bengaluru, India | $157,451 | – | Provider of charging solution for EVs | |
| zhongkeyichuang.tcc.mode | 2021 | Guangzhou, China | – | – | Power semiconductors and solutions for new energy vehicles are provided. | |
| evpt.com.cn | 2016 | Tianjin, China | – | – | Electric vehicle power controllers and core technology services are provided. | |
| xinguopower.com | 2014 | Shanghai, China | – | – | Vehicle motor controllers are manufactured and supplied worldwide. | |
| hiboridd.com | 2004 | Beijing, China | – | – | Manufactures and supplies electrical and electronic components to original equipment manufacturers (OEMs). |
Detailed competitors of Zhenqu Technology
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Latest news on Zhenqu Technology
Complete news archive for Zhenqu Technology
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Frequently Asked Questions about Zhenqu Technology
Zhenqu Technology was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Zhenqu Technology is headquartered in Pudong, China. It is registered at Pudong, Shanghai, China.
Zhenqu Technology is a funded company, having raised a total of $235.99M across 7 funding rounds to date. The company's 1st funding round was a Series B of $22M, raised on Aug 17, 2020.
Manufacturer of automotive-certified power modules and electric vehicle solutions. The companys products cover power modules, motor controllers, and electric vehicle solutions.
Zhenqu Technology's top competitors include Shanghai Dajun Power Control Technology, Ergon Labs and zinsight Technology.
Zhenqu Technology has 19 investors. Key investors include Volvo Cars, Lenovo, Legend Capital, Orizafofs, and C Capital.
Zhenqu Technology operates through Leadrive Technology Germany Gmbh.