Deals
BYD-Backed RoboSense Seeks $150 Million in New Round
- China Structural Reform Fund, Mirae Asset join the fundraising
- A number of RoboSense’s existing investors could also chip in
A Robosense Lidar camera.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
RoboSense, a Chinese developer of sensor technologies used in self-driving cars, is raising about $150 million in a new funding round to bankroll its product expansion, according to people familiar with the matter.
The latest round has drawn investors including China Structural Reform Fund and Mirae Asset Securities Co., said the people, who asked not to be identified as the information is private. A number of existing investors of BYD Co.-backed RoboSense could also participate, one of the people added.