GaN Systems announced that Delta, the worldwide leader in power systems, has joined BMW i Ventures in participation of a strategic investment in GaN Systems. GaN Systems plans to use the funding to expand global sales and accelerate product innovation to help customers reduce system costs, increase revenue and gain market share.
Today’s announcement follows previous investments from prominent backers including BMW i Ventures, BDC Capital, Chrysalix Venture Capital, Cycle Capital Management, RockPort Capital and Tsing Capital.
“This investment reaffirms GaN Systems’ continued accomplishment in creating the future of the most energy efficient power electronics,” said Uwe Higgen, Managing Director of BMW i Ventures. “GaN Systems’ is pioneering a new approach to the design and creation of power systems that are smaller and lighter, while simultaneously providing more efficient and reliable power conversion.”
Jim Witham, CEO of GaN Systems, stated: “Over the past decade, GaN Systems has achieved its goal of building the company into the world’s most prominent manufacturer of GaN power transistors and the leading player in the global GaN power device market. We are honored to have Delta join us as a strategic corporate investor.
It’s a huge vote of confidence, both in GaN as a technology and GaN Systems’ approach to GaN transistors, to have investment partners such as Delta and BMW i Ventures. With the opportunity to combine the technological leadership of GaN Systems with our strategic investors, we are taking a major step forward in solving the universal problem of energy wasted in power conversion
“This investment builds on an exceptional year for GaN Systems where the company is experiencing a rapid increase in customer growth and increasingly strong demand for GaN transistors especially in notebook travel adapters, computer server and industrial motor power applications.
“GaN Systems solutions enable the development of more efficient power systems to reduce global power consumption. By facilitating the development of more efficient systems, customers deliver state-of-the-art solutions across the consumer, datacenter, industrial, transportation and wireless charging markets.
“For GaN Systems, our strategic investment partners BMW i Ventures and Delta, as well as our customers around the world – the common goal is about changing the economics of some of today’s most demanding industries by solving their power system challenges,” Witham concluded.