GaN Systems, a leading GaN for power electronics devices start-up has announced they closed an investment round. The round was led by BMW i Ventures, the investment branch of BMW group. BMW i Ventures is also a Chargepoint investor. It’s not the first investment in a Power Electronics company, but it seems to be the first investment in a semiconductor company for BMW.
BMW i Ventures joins a long list of investors already part of the GaN Systems adventure: BDC Capital, Chrysalix Venture Capital, Cycle Capital Management, RockPort Capital and Tsing Capital.
BMW i Ventures manager acknowledged the advantages of GaN technology for electric cars. Efficiency and size reduction seems to be the main drivers for using GaN power electronics in electric cars.
Source: GaN Systems press release