Aisin, Airbus, Intel, LG, SBI, Hella and SK Hynix all celebrated a win as AEye agreed to a reverse merger with CF Finance to list on Nasdaq at a $2bn valuation.
AEye, a US-based developer of autonomous vehicle vision systems backed by seven corporates, yesterday agreed to a reverse merger with special purpose acquisition company CF Finance Acquisition Corp III.
Existing backers financial services provider SBI Holdings, chipmaker Intel and automotive parts supplier Hella participated in a $225m private investment in public equity through respective vehicles Subaru-SBI Innovation Fund, Intel Capital and Hella Ventures.
They were joined by GM Ventures, the corporate venture capital arm of carmaker General Motors, venture capital…
