Hesai Technology Completes D Round Financing of Over US$370 Million, Xiaomi Industrial Investment Makes Additional Investment

Hesai Technology announced the completion of its Series D financing, with a total amount of more than US$370 million. Xiaomi Industrial Investment invested an additional US$70 million, and other lead investors include Hillhouse Capital, Meituan and CPE. The funds will be used to support the large-scale mass production and delivery of hybrid solid-state LiDAR, build an intelligent manufacturing center, and develop automotive-grade LiDAR chips. The company has been recognized by many autonomous driving companies and automakers, and its business covers 30 countries and regions around the world. Hesai Technology has a team of more than 700 people, with more than 60% of them being R&D personnel, and has authorized 265 patents.