Xiaomi and Meituan-Dianping co-led a series D round for the lidar sensor producer, which counts Robert Bosch, ON Semiconductor and Baidu as existing backers.
Hesai, a China-based developer of light detection and radar (lidar) technology, has received $300m in a series D round co-led by electronics producer Xiaomi and local services portal operator Meituan Dianping, TechCrunch reported today.
The round was co-led with GL Ventures, the venture capital arm of hedge fund manager Hillhouse Capital, and CPE, a private equity subsidiary of investment banking group Citic. It included Lightspeed Venture Partners and its China-based affiliate, Lightspeed China Partners, as well as Qiming Venture Partners…
