Hesai Technology Receives USD 300 Million Series D Financing Led by Hillhouse Capital and Xiaomi to Promote LiDAR Mass Production

Hesai Technology has completed a $300 million Series D financing round, led by Hillhouse Capital, Xiaomi Group, Meituan and CPE. The financing 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 high-performance LiDAR chips. Hesai Technology is a leading global LiDAR manufacturer with customers in 23 countries and regions around the world.