Chinese lidar maker Hesai lands $300M led by Hillhouse, Xiaomi, Meituan
Most current to the investment boom is Hesai, a Shanghai-based lidar maker established in 2014 with a workplace in Palo Alto. Other individuals in the round consisted of Huatai International Private Equity Fund, the USD investment arm of Huatai Securities, Lightspeed China Partners and Lightspeed Venture Capital, as well as Qiming Venture Partners. Lidar isn’t limited to powering robotaxis and passenger EVs, and that’s why Hesai got Xiaomi and Meituan onboard.
Latest to the financial investment boom is Hesai, a Shanghai-based lidar maker established in 2014 with an office in Palo Alto. Other individuals in the round consisted of Huatai International Private Equity Fund, the USD investment arm of Huatai Securities, Lightspeed China Partners and Lightspeed Venture Capital, as well as Qiming Venture Partners. Lidar isn’t limited to powering robotaxis and passenger EVs, and that’s why Hesai got Xiaomi and Meituan onboard. Hesai, with a personnel of over 500 workers, says its customers cover 70 cities across 23 nations.