News - October, 2018
Luxembourg/Sophia Antipolis/Oakland – October 11, 2018 – Cipio Partners and Capital-E jointly structured a US$ 10m growth financing alongside undisclosed private industry investors to enable Silicon Mobility to meet its ambitious growth targets.
Silicon Mobility, headquartered in Sophia Antipolis (France), with offices in Oakland, CA (USA) and Munich (Germany), is a full stack semiconductor technology player with a dedicated focus on cleaner, safer and smarter mobility.
The company designs, develops and offers flexible, real-time, safe and open semiconductor solutions used to increase energy efficiency and reduce pollutant emissions while keeping passengers safe, controlling electric motors, battery and energy management systems. Silicon Mobility has invented a new semiconductor architecture engineered specifically for electric and hybrid vehicles of today and tomorrow, unlocking true power and processing potential, the OLEA® Field Programmable Control Unit (FPCU). By using Silicon Mobility solutions, Tier one automotive manufacturers and OEMs dramatically increase the energy efficiency of electrified powertrains by 50 – 70 percent, reduce bill of material by a factor of 2 while cutting months in development cycles.
“We are thrilled about this opportunity to bring our full-stack product to the numerous Tier 1 and OEMs we are engaged with all over the globe in full production,” said Bruno Paucard, President and CEO of Silicon Mobility. “With this financing, we are ensuring our ability to meet our customer demand today and fuel our aggressive goals both with regard to geographic expansion and product innovation.”
For more information on Silicon Mobility and the OLEA product suite, please visit www.silicon-mobility.com .
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