Chinese lidar developer Hesai rakes in $300m funding after halted STAR Market IPO

Chinese lidar developer Hesai rakes in $300m funding after halted STAR Market IPO

Hesai Technology, a Shanghai-based startup that develops lidar sensors for autonomous driving and other robotics applications, has raked in $300 million in a Series D round of financing jointly led by investors including Hillhouse Capital’s GL Ventures and smartphone maker Xiaomi Corp.