Innovusion Completes $64 Million Series B Financing

Innovusion recently completed a $64 million Series B financing round, jointly invested by Temasek, BAI Capital and Joy Capital, and old shareholders such as Weilai Capital, Eight Roads Capital and F Prime also participated in this round of financing. The valuation is expected to reach $300 million. The company focuses on the development of high-performance lidar for applications in autonomous driving, smart cities and other fields.