RoboSense receives over $45 million funding for LiDAR development

RoboSense, an autonomous driving LiDAR perception solution provider, announced the completion of China's largest-ever single round of financing for a LiDAR company, a combined investment of over $45 million (RMB 300 million).
The strategic funding is provided by technology and industry leaders,
including Cainiao Smart Logistics Network Ltd. ("Cainiao"), the
logistics arm of the Alibaba Group; SAIC Motor Group, the largest
publicly-traded auto manufacturer in China's A-Share; and BAIC Group (Beijing Automotive Industry Holding Co.) electric vehicle company.

With an over 50% market share of all LiDAR sold in Asia,
RoboSense is the market leader in the region. From previous financing
rounds, RoboSense already has secured backing from auto manufacturing,
financial brokerage, and artificial intelligence (AI) companies,
including Haitong Securities, Fosun Group, Oriental Fortune Capital,
Kinzon Capital, and Guangdong Investment Pte Ltd.

The funding will be used to increase RoboSense's market share and the
R&D of autonomous vehicle technologies, including its solid-state
LiDAR, AI sensing algorithms, and other advanced technologies, as well
as accelerating product development, long-term manufacturing and market

"The rapid development of autonomous driving has ignited a huge demand for LiDAR," said Mark Qiu,
co-founder of RoboSense. "RoboSense is embracing this market demand
through partnerships with multiple industry leaders. It is our great
pleasure to be endorsed and funded by industry giants from many
different fields. This round of funding is not only for capital
assistance, but also for strategic resources. We are looking forward to
continuously working with our partners to lead the large-scale
commercialisation era of the autonomous driving industry."

In the past two years, RoboSense has had explosive growth. In April 2017, the company completed mass production of its 16-beam automotive LiDAR. In September 2017,
the company mass-produced its 32-beam LiDAR, released a LiDAR-based
autonomous driving environmental sensing AI system, and provided a
software and hardware combined LiDAR environment sensing solution.

In October 2017, RoboSense launched its
breakthrough product "“ the MEMS solid-state LiDAR, publicly exhibited
for the first time at CES 2018 in January 2018.
Four months after CES 2018, RoboSense partnered with the Cainiao
Network to launch the world's first MEMS LiDAR autonomous logistics
vehicle "“ the G Plus.

The Latest News, Brought To You By
RoboSense receives over $45 million funding for LiDAR development
Modified on Thursday 11th October 2018
Find all articles related to:
RoboSense receives over $45 million funding for LiDAR development
TaaS Technology Magazine

Tuesday 4th - Wednesday 5th June 2019 @ The National Motorcycle Museum

Transportation-as-a-Service (TaaS) Technology will evolve in 2019 from the inaugural conference which took place in 2018, into two co-located conferences plus a shared exhibition. As per 2018 TaaS Technology will cover Connected and Autonomous Vehicles (CAVs) and Future Mobility. The new co-located conference will look at 'Energising Future Mobility' and will focus on the key topics surrounding Electric Vehicles (EVs), Battery/Energy Technology and Infrastructure.

Places will be limited, so register your place today:
Vulog Updates Its AiMA Mobility Platform
Hubject And Greenlots To Bring App Free And Card Free Charging To EV Drivers
Škoda Provides A Specific Outlook On The Brand’s Electric Future
NVIDIA Collaborates With AdaCore To Enhance Software Security Onboard Autonomous Vehicles
Moovit, TomTom And Microsoft Collaborate To Introduce A Multi-modal Trip Planner
Seat To Launch Its New Micromobility Concept At MWC This Month
Electrify America To Invest $300 Million As A Part Of ZEV Investment Plan
Mobility Pioneer MaaS Global Wins Future Unicorn Award
ClipperCreek Launches Ruggedised High Power EV Charging Stations
AutoAir Launches 5G Test Bed At Millbrook
IONITY Chooses SPIE To Develop Its Network Of EV Charging Stations Across Europe
WiTricity Acquires Qualcomm Halo To Accelerate Wireless EV Charging Adoption
Zubie Secures New Round Of Funding To Accelerate Growth
Optimus Ride Partners With Brookfield Properties For Initial Deployment Of Self-driving Vehicles
Daimler And TenneT Partner For A Pilot Project To Use Automotive Battery Storage Solutions To Stabilise The Grid
Honda Teases Fully Electric Vehicle Prototype To Be Unveiled At Geneva
Mando Tests Level 4 Autonomous Driving On Public Roads Of Pangyo
Major Automotive, Wireless, And Tech Stakeholders Urge US FCC To Allow C-V2X In The 5.9 GHz Band
C2A Security Completes $6.5 Million Series A Round To Develop In-vehicle Cybersecurity Solutions
Arcimoto Unveils Its Flagship EV, FUV Evergreen Edition
Blockchain To Play A Big Role In The Future Of Mobility According To BMW
5GAA Joins EU ARCADE Project As Associated Partner
The Next Generation Of Volkswagen Passat To Offer Partial Automated Driving
ABB Helps Establish BP’s Pilot DC Fast Charging Station In China
Search the news archive

To close this popup you can press escape or click the close icon.
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: