Announced
Completed
Financials
Sources
Tags
Venture Capital
Minority
Completed
Private Equity
Auto Parts
LiDAR scanning
lidar solutions
China
Acquisition
Private
Friendly
Cross Border
Synopsis
GL Ventures, a venture capital firm, led a $300m Series D funding round in Hesai Technology, a LiDAR manufacturer. The round was joined by Xiaomi, Meituan and CITIC PE. The proceeds from the newly-closed funding round will be used to support the volume production and scale delivery of the factory-installed hybrid solid-state LiDAR, the construction of its smart manufacturing center, and the R&D of automotive-grade high-performance LiDAR chips.
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