Automotive-grade LiDAR company RAYZ Technology completes a new round of financing of nearly 100 million yuan

On March 14, intelligent sensing company RAYZ Ruidi Technology announced that it had completed a new round of financing of nearly 100 million yuan. This round of financing was jointly led by China Electronics Fund and Juntong Capital, followed by Etech Automotive Electronics, and old shareholders such as Juntong Capital and Qiyu Investment also continued to make additional investments. This fund will be mainly used for the research and development of a new generation of automotive-grade LiDAR technology, large-scale mass production, and commercialization in multiple scenarios.