SPARX Invests In GaN Systems
GaN Systems has announced that SPARX Group 'Mirai Creation Fund II' has made an investment in GaN Systems. The Mirai fund provides capital to companies to accelerate innovation, Vehicle Electrification being one of the major targets. Mirai fund's investors include Toyota Motor Corporation.
“After evaluating a variety of power semiconductor technologies and designs, GaN has emerged as a critical building block for power in automotive applications and our investment in GaN Systems complements our vision to shape the future and impact our world,” said Shuhei Abe, president and CEO of SPARX Group, which is based in Japan.
The All GaN Vehicle has been spotted driving in and around Tokyo recently which was confirmed in videos playing during the Tokyo Motor Show.
GaN Systems continues to establish a strong position in the automotive industry with additional customers and strategic investors realising the value proposition of GaN and using the transistors in EV powertrain applications, namely, Traction Inverter, On-Board Charger, and DC-DC converter.
“The combination of confidence in our best-in-class device performance, the release of the industry's highest current rated devices, and our device reliability exceeding the AEC-Q101 automotive industry standards, has contributed to more and more automotive OEMs and Tier 1 companies investing in our company and using our devices,” said Jim Witham, CEO for GaN Systems. “It's great to see so many automotive companies taking advantage of the benefits of our GaN as the industry shifts from internal combustion engines to Electric Vehicles.”