RoboSense raises $45m



RoboSense, the Chinese LiDAR specialist, has received $45 million in funding fromg Cainiao Smart Logistics Network, the logistics arm of the Alibaba Group; SAIC Motor Group(Shanghai Automotive Industry Corporation), 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 penetration.



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