Koito Manufacturing to invest $100m in Cepton.

Koito Manufacturing, a firm producing and marketing automotive lighting equipment, agreed to invest $100m in Cepton, a provider of lidar-based solutions for a range of markets such as automotive, smart cities, smart spaces and smart industrial applications. “I am extremely grateful for Koito’s ongoing support as a key strategic investor and technology and manufacturing partner, and am excited to have the opportunity to explore Koito’s proposed investment. From receiving our ADAS series production design win to becoming a publicly traded company, Koito has been with us throughout our journey, and I look forward to achieving many more milestones together in the years to come, Jun Pei, Cepton Co-Founder and CEO.