Cepton Technologies went public via a SPAC merger with Growth Capital Acquisition in a $1.8bn deal.

Cepton Technologies, an innovator in light detection and ranging for automotive Advanced Driver Assistance Systems and vehicle autonomy, went public via a SPAC merger with Growth Capital Acquisition, a SPAC, in a $1.8bn deal. “We are thrilled with the successful completion of this business combination. Cepton is a company at the forefront of technological advancements with the largest known ADAS lidar series production award in the industry and ongoing engagements with all of the Top 10 global OEMs. We are excited about the future and continuing to support the company in its public phase,” George Syllantavos, GCAC Co-CEO. On November 26, 2021, Cepton Technologies and Growth Capital Acquisition entered into a committed investment agreement and related registration rights agreement for up to $100m with Lincoln Park Capital Fund. On February 9, 2022, Growth Capital announced that its stockholders have voted to approve the proposed business combination with Cepton Technologies.