Luowei Technology completes B1 round of financing to promote the development of lidar products

Luowei Technology recently announced that it has received strategic investment from Beijing Electric Control Optoelectronic Fusion Fund and successfully completed the first round of B1 round of financing. The funds will be used to promote the development of the company's core business, including the research and development of LiDAR products, market expansion, capacity improvement and the construction of customer supply system. Founded in 2018, Luowei Technology is headquartered in Hangzhou and has cutting-edge technology centers in Xi'an and Los Angeles, USA, focusing on the research and development, product manufacturing and sales of LiDAR and 3D sensing technologies.