# SemiDrive funding: rounds and investors

> SemiDrive has raised $288M across 2 rounds since 2024. Investors include HSG, Matrix Partners China and Vertex Ventures. Every round with its source.

Source: https://millionrounds.com/company/semidrive (Millionrounds; every figure on the page links to its filing or article)

China · [Series C startup](https://millionrounds.com/companies)

# Who invested in *SemiDrive*

2 rounds we have observed, with the 4 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Automotive & EVs Hardware & Electronics Semiconductors

Raised 1 month ago Valuation: $1.9B, Mar 2026

Funding summary Updated 26 Oct 2026

**$288M** raised across 2 rounds since 2024, from 2 sources

**$138M** Series B **$150M** Series C

- **Latest round:** Series C, $150M Sept 2026
- **Investors:** 4

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2025 2026

**$138M** Series B

**$150M** Series C

- **First round:** Series B, $138M
- **Biggest round:** $150M
- **Between rounds:** 2.3 years

## The rounds

- **Sept 2026** Series C **$150M** No investor was named in the report. Reported by Ventureburn
- **Jul 2024** Series B **$138M** *4 new* [HSG](https://millionrounds.com/fund/hsg) [Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) [Vertex Ventures](https://millionrounds.com/fund/vertex-ventures) [Vertex Ventures China](https://millionrounds.com/fund/vertex-ventures-china) Source recorded

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series B** 2024 **Series C** 2026 [HSG](https://millionrounds.com/fund/hsg) [Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) [Vertex Ventures](https://millionrounds.com/fund/vertex-ventures) [Vertex Ventures China](https://millionrounds.com/fund/vertex-ventures-china)

## Everyone who backed them

[HSG](https://millionrounds.com/fund/hsg) VC firm **1** round

[Matrix Partners China](https://millionrounds.com/fund/matrix-partners-china-2) VC firm **1** round

[Vertex Ventures](https://millionrounds.com/fund/vertex-ventures) VC firm **1** round

[Vertex Ventures China](https://millionrounds.com/fund/vertex-ventures-china) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=semidrive).

## Quick answers about SemiDrive

### Who invested in SemiDrive?

SemiDrive's investors include HSG, Matrix Partners China, Vertex Ventures and Vertex Ventures China.

### How much has SemiDrive raised?

SemiDrive has raised $288M across 2 rounds since 2024.

### When did SemiDrive last raise?

SemiDrive's most recent round was a Series C of $150M in Sept 2026.

### What was SemiDrive's biggest round?

Its most recent round, $150M in Sept 2026, is also its largest on record.

### Who backed SemiDrive first?

SemiDrive's first round on record, in Jul 2024, was backed by HSG, Matrix Partners China and Vertex Ventures and 1 others.

### What stage is SemiDrive at?

SemiDrive's latest named round is a Series C, in Sept 2026.

### Where is SemiDrive based?

SemiDrive is based in China.

## Companies like SemiDrive

In the same sector, and raised in the last eighteen months.

[**NIMO** Oct 2026](https://millionrounds.com/company/nimo)[**QBoson** $145M · Apr 2026](https://millionrounds.com/company/qboson)[**QCraft** $200M · Mar 2026](https://millionrounds.com/company/qcraft)[**NIO** $1.6B · Sept 2025](https://millionrounds.com/company/nio)[**Xpeng Motors** $2.4B · Aug 2025](https://millionrounds.com/company/xpeng-motors)[**Vertical Semiconductor** $84M · Oct 2026](https://millionrounds.com/company/vertical-semiconductor)

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