Hesai to Scale Hybrid Lidar Production With Series D

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Shanghai-based Hesai Photonics Technology Co. raised more than $300 million in Series D funding in June 2021. The company is continuing R&D for its optoelectric chips and plans to scale up production of sensors that could be used in mobile robots, autonomous vehicles, and other applications.

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1. ZongMu Raises Series D for Autonomous Parking

Shanghai-based ZongMu Technology Co., which is working on advanced driver-assistance systems (ADAS), wireless vehicle charging, and self-parking capabilities, raised $190 million in June 2021. The company is reportedly worth $11 billion, which is…

2. Zipline Gets $250M to Take Off in New Locations

Drone deliveries to date have mostly been demonstrations of short flights bringing medicine to isolated areas. Zipline Inc. plans to “serve all humans equally,” according to CEO Keller Rinaudo. With…

3. Lidar Maker Quanergy Enters SPAC Merger

Quanergy Systems Inc., which sells solid-state lidar systems, last month announced that it had agreed to merge with CITIC Capital Acquisition Corp. Sunnyvale, Calif.-based Quanergy plans to continue developing…

4. Hesai to Scale Hybrid Lidar Production With Series D

Shanghai-based Hesai Photonics Technology Co. raised more than $300 million in Series D funding in June 2021. The company is continuing R&D for its optoelectric chips and plans to scale…

5. DiDi Autonomous Driving Picks Up $1.1B Valuation

Like Uber and Lyft in the U.S., Chinese ride-hailing provider DiDi Chuxing Technology Co. is working on vehicles that don’t require human drivers. DiDi Autonomous Driving’s $300 million…

6. WeRide Closes Series C Fundraising for Autonomous Ride Hailing

Speaking of robotaxis, Guangzhou, China-based WeRide.ai raised $310 million in June 2021. The company is also developing an autonomous minibus and has obtained permission in both China and the U.S.…

7. Surgical Robot Developer CMR Picks up Series D Round

Not every major robotics-related transaction in June 2021 was around autonomous vehicles. CMR Surgical Ltd. raised $600 million in Series D funding as it develops the Versius system for minimally invasive surgery.…

8. Embark Trucks Takes SPAC On Ramp

Software-as-a-service provider Embark Trucks Inc. raised $614 million in a SPAC deal last month as it continues commercialization of its autonomous freight offering. The San Francisco firm said its Embark Universal…

9. Xpeng Launches Hong Kong IPO

Electric and autonomous vehicle maker Xpeng Inc. last month announced an initial public offering that could raise up to $2 billion. The Guangzhou, China-based company said its full stack of technologies…

10. Waymo Tops Off Driverless Efforts With $2.5B

Waymo LLC, one of the world’s leading autonomous vehicle developers, raised $2.5 billion in June 2021. The Mountain View, Calif.-based company plans to grow its team and continue R&…