Chinese LiDAR Maker Hesai Technology Secures $173M Round

Hesai technology, a leading Chinese lidar manufacturer, has announced the completion of a series C financing round co-led by the German Bosch Group and Lightspeed Venture, Qiming Venture Partners, ON Semiconductor, DT Capital Partners, Axiom Singapore and others investors. The total financing was US$173 million, one of the largest financing deal in the LiDAR sector.

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