RoboSense Adds New Investors in Latest Strategic Financing

RoboSense, a smart LiDAR sensor system developer, announced on Tuesday that it had made further progress with a new round of strategic financing. The round was led by Huaxing Growth Capital, followed by YF Capital, Greenwoods Investment and Kinzon Capital.

So far, leading investors of RoboSense’s financing include China Renaissance, Hubei Xiaomi Changjiang Industrial Investment Fund Management, and Yutong Group. Other investors include YF Capital, Greenwoods Investment, Kinzon Capital, and BYD, among others.

Founded in 2014 and headquartered in Shenzhen, RoboSense is the world’s leading smart LiDAR sensor system enterprise, committed to becoming a global leader in the perception solutions industry.

LiDAR is a key aspect of intelligent vehicles, as it can greatly enhance the perception of vehicles of their environment and promote the implementation of higher levels of autonomous driving. Through the three technologies of LiDAR, sensing software and chips, RoboSense provides intelligent LiDAR systems with data comprehension, endows robots and vehicles with perception abilities beyond human eyes, and guards the safety of intelligent driving.

Up to 2021, RoboSense had garnered more than 700 patents related to LiDAR. Its products have been widely used in autonomous driving and assisted driving passenger cars and commercial vehicles, unmanned logistics vehicles, robots, RoboTaxis, RoboTrucks, RoboBuses and other areas.

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Mark Qiu, the co-founder and CEO of RoboSense, said: “The strategic financing focuses on improving the comprehensive strength of LiDAR in terms of performance, reliability, and mass production, and solidly promoting the development of automobile and autonomous driving industries.”