Today, Hesai Technology announced that it received an additional $70 million in investment from Xiaomi. Together with the previously announced $300 million, Hesai has raised over $370 million in its Series D round. Lead investors for this round include Xiaomi Group, Hillhouse Ventures, Meituan, and CPE.
The funds will be used to support the mass production of hybrid solid-state LiDAR for ADAS, the construction of Hesai's new manufacturing center, and the development of automotive-grade LiDAR chips.
Hesai Technology is a global leader in LiDAR sensors. Its latest product, AT128, is a long-range, hybrid solid-state LiDAR. The sensor reaches 200-meter range at 10% reflectivity and measures over 1.53 million data points per second (single return).
AT128 has been selected for multiple ADAS programs and received orders for millions of units by a number of automotive manufacturers including Li Auto, JiDU, HiPhi, and Lotus. Hesai will continue working with its ecosystem partners to accelerate the commercialization and mass production of autonomous vehicles.
Hesai Technology is the global leader in 3D-sensors (LiDAR). Founded in 2014, Hesai is dedicated to the development of cutting-edge 3D laser sensing technologies for robotics applications. Hesai has created a suite of innovative sensor solutions that combine three core strengths: industry-leading performance, manufacturability, and reliability. Hesai has accumulated deep expertise in core components and technologies: self-developed LiDAR chips, automotive volume production capability, functional safety, interference rejection technology, and LiDAR perception based on deep learning.