Nio Capital returned for the lidar system developer's series B-plus round, which will support research and development activities.
US-headquartered lidar technology developer Innovusion secured $66m on Friday in a series B-plus round that included Nio Capital, the investment firm formed by electric car producer Nio.
Investment bank Guotai Junan International’s Private Equity Fund led the round, which also featured F-Prime Capital and Eight Roads Ventures – both vehicles for investment and financial services group Fidelity – as well as Shunwei Capital and Temasek.
Innovusion has developed lidar (light detection and ranging) systems to help vehicles detect surrounding objects.…
