Inventronics Secures First-Round Financing Led By Sinowisdom Capital
Inventronics, a China-based developer of power solutions for solid-state lighting applications, announced that it has closed a first round of financing led by Sinowisdom Capital. Terms of the financing were not disclosed.
Inventronics will use the funds to accelerate its product development activities and introduce a number of new products into manufacturing. The company will also ramp up its sales activities in targeted markets. Inventronics states that its products provide high efficiency power solutions for solid-state lighting applications such as LED street lights, signage, general purpose and architectural lighting.
"We are extremely pleased to be partnering with Sinowisdom to meet our capital needs," said Gary Hua, President and founder of Inventronics. "We are finding a great deal of interest in our new products and this funding will enable us to speed these products to market and to broaden both our product portfolio and our customer base."
"Inventronics has some exciting new technologies for the rapidly emerging solid-state lighting market," said Mr. Peter Zong, CEO of Sinowisdom. "We are delighted to be working with this outstanding team and helping them deliver world-class solutions to this dynamic market." Sinowisdom was joined in the financing by United Profit Technology Co., Ltd., Taiwan-based electronics company with world-class capabilities in high volume manufacturing.