Xiaomi injects $70m more into Chinese lidar sensor developer Hesai’s Series D round

Hesai Technology launched its latest product AT128, an auto-grade hybrid solid-state lidar for ADAS, in August 2021. Source: Hesai Technology

Hesai Technology, a Shanghai-based startup that develops lidar sensors for autonomous driving and other robotics applications, has raised an additional $70 million in its Series D round to bring the total capital raised at this funding stage to over $370 million.

The additional capital came from Chinese smartphone maker Xiaomi, which made the transaction through its industrial investment platform.

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