Info
Info

Robert Bosch Venture Capital invests in ABAX Sensing

News
Robert Bosch Venture Capital GmbH (RBVC), the corporate venture capital company of the Bosch group, completed a follow-on investment in ABAX Sensing.
Info

ABAX is developing a full solid-state chip Lidar for consumer and automotive applications, in particular for advanced driver assistance systems and autonomous vehicles. RBVC and Orbbec, a leading Chinese high-tech company focusing on 3D sensor technology, led the Pre-Series A financing round followed by GSR Capital and other investors.

"The follow-on investment underlines our excitement in the disruptive approach of ABAX for the next generation Lidar and strengthens the growing Robert Bosch Venture Capital portfolio of companies in the field of sensors and software for autonomous vehicles," says RBVC Managing Director Dr. Ingo Ramesohl.

The continuous development of autonomous driving puts forward higher expectations towards hardware technologies like Lidar, one of the key sensors to support autonomous vehicles in perceiving complex traffic environments.

"The integration and cost reduction of Lidar technology is inevitable to realize large-scale applications", explains Dr. Hongquan Jiang, Investment Partner at RBVC. "Lidar is one of the few hardware components that has huge potential for technological development. Therefore, RBVC is investing in ABAX´s full solid state technology for the next sensor generation."

ABAX's enhanced chip-level solution intrinsically enables low costs and small product design, combined with functional requirements and safety. Its proprietary anti-interference technology eliminates mutual interferences among different Lidar devices and disturbance problems caused by ambient light very effectively.

"ABAX continues to increase its research and development efforts in automotive Lidar technology, in particular the key components of a Lidar "“ the transmitter and receiver chip "“ to provide the most optimized solution for autonomous driving. We are glad to have RBVC as a lead investor and partner, providing access to their expertise and knowledge of all the key players across the automotive ecosystem," says Dr. Shuyu Lei, founder and CEO of ABAX.

ABAX is starting to conduct small-scale production testing and relevant customer trials on its first-generation Lidar products.


The Latest News, Brought To You By
Robert Bosch Venture Capital invests in ABAX Sensing
Modified on Friday 21st September 2018
Find all articles related to:
Robert Bosch Venture Capital invests in ABAX Sensing
TaaS Technology Magazine
Info
Trimble Teams With ROBORACE
Daimler Plans Separation Into Two Pure-play Companies And Majority Listing Of Daimler Truck To Accelerate Into Zero- Emissions And Software-driven Future
AIR Index Vehicle Emissions Rating System Offers First Realistic, Fully-fledged Alternative To Official Data
Alauda Unveils The World’s First Flying Electric Racing Car
Hyundai Motor Group Unveils TIGER Uncrewed Ultimate Mobility Vehicle Concept
Ouster Achieves Major Automotive Grade Milestone
Kia Unveils Roadmap For Transformation, Focusing On EVs And Mobility Solutions
Targa Telematics Supports Leasys Miles In The UK
Abarth Launches World’s First Virtual Reality Test Drive Delivered To Homes
Mazda First OEM To Join The EFuel Alliance
Plus Commits To Deploy Ouster’s Digital Lidar Sensors
REE Automotive Opens New Engineering Center Of Excellence In The UK
Ford Raises Planned Investment In EV, AV Leadership To $29 Billion
Kia Starts Pilot Of Last-mile Delivery Service In Singapore For Future PBV Business
How The Volkswagen ID.4 Communicates With Light
Humax To Supply RAiDEA Mobility Service Platform In The Middle East
Volta Trucks Selects Meritor To Supply The Innovative Electric Drivetrain For The Volta Zero
Cosworth And Delta Sign Agreement For Acquisition
AVL Advances Development Of Hydrogen Internal Combustion Engine For CO2 Neutral Transportation
Riversimple And Siemens: The Beginning Of A Long-term Strategic Relationship
Niro EV’s Latest Accolade Reinforces The Strength Of Kia’s Electric Vehicle Lineup
Forward31 And Lufthansa Innovation Hub Launch Startup Partnership
VivoPower Secures 100% Ownership Of Tembo E-LV B.V.
Faurecia And Immersion Partner For Haptic Automotive Technologies
Info
Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the TaaS Magazine, the TaaS Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification} Array
Live Event