Wuhan Feien Microelectronics completes strategic financing of over 100 million yuan to build world-class sensors

Recently, Wuhan Fein Microelectronics Co., Ltd. (hereinafter referred to as "Fein") completed a strategic financing of over 100 million yuan. This round of financing was led by Hongtai Hailian, followed by Sanhua Hongdao and Changshi Capital.

Founded in 2011, Wuhan Feien Microelectronics focuses on providing MEMS sensors and system products as well as ODM/OEM services. Based on unique process stress model packaging technology and efficient batch calibration test algorithms, it has established several industry-leading single-piece flow fully automated production lines. Its products cover all pressure sensor applications for the entire vehicle, and have achieved tens of millions of automotive pre-installation. The company's products are highly recognized by the market, and it is expected that the company will maintain an annual revenue growth rate of more than 50% in the next three years.

"This round of strategic financing has laid a solid foundation for Feen's layout in the fields of smart home and new energy vehicles. Based on the valuable experience in the traditional automotive industry, the company will work with strategic customers to create industry-leading products with high consistency, reliability and durability, continue to improve the company's software and hardware strengths, quickly respond to customer needs, and provide customers with the best service!" said General Manager Wang Xiaoping.

The Feien team currently has more than 200 employees, including more than 60 R&D team members. Founder and Chief Scientist Liu Sheng is an international MEMS expert, IEEE Fellow and ASME Fellow, and has won the White House Presidential Professor Award and the National Technology Invention Second Prize. General Manager Wang Xiaoping has extensive experience in product development and corporate management. Other members of the core team have been in the industry for many years, with a solid background and rich experience.

"Feion Microelectronics has a solid team, strong technology, and mature products. It has been growing as expected. In the MEMS market where there is a huge domestic alternative, it continues to maintain its leading position in the domestic MEMS sensor track." said Kong Lingguo, founding and managing partner of Heli Capital.