VisIC Technologies, a Ness Ziona, Israel-based developer of gallium nitride power semiconductors for electric mobility, said it has completed the second closing of its Round B financing, bringing in $26 million. The company said the round was led by a global semiconductor leader and included Hyundai Motor Company and Kia, together referred to as HKMC, as a strategic investor.
VisIC positions the financing as validation of its D³GaN™ platform, which it says is built to improve efficiency, scalability, and reliability for automotive drivetrains, with an initial focus on traction inverters. The company said HKMC’s participation signals an intent to integrate GaN-based power technology into mass production EV platforms.
The company tied the raise to rising competitive pressure across the global EV market, where automakers are working to extend driving range, reduce system costs, and meet sustainability targets. VisIC pointed to traction inverter performance as a key constraint because inverter efficiency and power density directly affect vehicle energy use, packaging, and overall performance.
VisIC said its technology targets limitations of incumbent approaches. It argued that traditional silicon-based power electronics struggle to reach the efficiency and power density required for next-generation EV architectures at higher voltages. The company also noted that while silicon carbide can improve performance, cost and manufacturing complexity can limit broader adoption. VisIC said its GaN approach can enable smaller, lighter, and more efficient inverters, supporting both 400V and 800V vehicle platforms.
The company said the new capital will be used to advance its product roadmap across multiple generations and voltage classes. VisIC said it will focus on optimizing, qualifying, and releasing its Gen3 750V GaN dice and power modules, while also developing Gen4 1350V GaN technology intended to support a wider spectrum of EV designs. The company also said it will work to stabilize its supply chain and ramp product delivery for EV traction inverter programs. In addition to automotive, VisIC said it plans to expand into emerging 800V data center power requirements by leveraging the same GaN platform.
KEY QUOTES:
“This investment marks a major milestone for VisIC and the global EV industry. Our D³GaN technology is redefining power electronics for electric vehicles, and the support of our strategic partners accelerates our mission to deliver high-efficiency, scalable solutions for the next generation of mobility.”
Tamara Baksht, CEO, VisIC Technologies
“Hyundai Motor Company and Kia are committed to advancing sustainable mobility. Partnering with VisIC enables us to integrate cutting-edge GaN power technologies into our EV platforms, enhancing efficiency, reliability, and performance as we shape the future of electric transportation.”
Hyundai Motor Company and Kia
