Hesai has raised what it claims to be the largest ever funding round for a lidar technology producer, with Robert Bosch a key investor.
Industrial technology and appliance manufacturer Robert Bosch co-led a $173m series C round for China-based light detection and radar (lidar) technology developer Hesai with venture capital firm Lightspeed China Partners yesterday.
Semiconductor and sensor manufacturer ON Semiconductor also took part in the round, as did VC firm Qiming Venture Partners, private equity firm Detong Capital and fund manager Axiom Asia Private Capital.
Hesai provides lidar equipment that will use light to map the surroundings of a vehicle operating with an…
