Chinese lidar developer Hesai rakes in $300m funding after halted STAR Market IPO

Hesai Technology, a Shanghai-based startup that develops lidar sensors for autonomous driving and other robotics applications, has raked in $300 million in a Series D round of financing jointly led by investors including Hillhouse Capital’s GL Ventures and smartphone maker Xiaomi Corp.

Chinese food delivery giant Meituan and China’s CITIC Private Equity Funds Management (CPE) were also lead investors of the new round.

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