SAIC, BAIC and Cainiao all invested in the lidar technology developer, whose previous backers include Fosun and its Kinzon Capital vehicle.
China-based spacial detection technology developer RoboSense raised more than $45m yesterday from investors including carmakers SAIC and BAIC as well as Cainiao, the logistics subsidiary of e-commerce group Alibaba.
Founded in 2014, RoboSense is developing light detection and ranging (lidar) technology that will help driverless vehicles sense the physical world around them, enabling them to avoid obstacles.
The company released a 16-beam lidar system in April 2017 and a 32-beam device five months later. Its latest product is an autonomous…
