Tanwei Technology announced that it has completed a PreA round of financing of tens of millions of RMB

Tanwei Technology announced that it has completed a Pre-A round of financing of tens of millions of RMB, with THG Capital being the exclusive investor in this round. This round of financing will mainly be used for the mass production and delivery of the first LiDAR product, Tensor-Pro, and the research and development of the next generation of LiDAR. Tanwei Technology was founded at the end of 2017. At the beginning of its establishment, it received an angel round investment of more than 10 million RMB from China Control Cornerstone Fund. Tanwei Technology's LiDAR can be installed in L3-L4 autonomous driving mass-produced vehicles of automobile manufacturers, low-speed autonomous driving logistics vehicles and sweepers, port unmanned vehicles, mining unmanned vehicles, warehouse AGVs, etc.; in the smart transportation scene, its LiDAR can provide roadside vehicle detection, identification, pedestrian recognition and other functions, and provide environmental perception functions for smart transportation and vehicle-road cooperative systems. In April 2020, Tanwei's Tensor-Pro solid-state LiDAR product has completed mass production, and has successively delivered more than 1,000 units, with an annual output of 5,000 units. Tanwei Technology's main sources of income are the bulk sales of lidar and laser point cloud data processing services. It expects revenue of RMB 15 million to 20 million this year and RMB 50 million next year, with the opportunity to achieve profitability.