| Company | Innovusion |
| Fund Raised | $64M |
| Investor | Temasek, Joy Capital and BAI Capital |
| Co-Founder/CEO | Junwei Bao |
| Website | https://www.linkedin.com/company/innovusion |
| Valuation | Approx. $500M |
Innovusion Holdings Series 180MramliBloomberg
LiDAR System Development Company, Innovusion raised $64 million led by Temasek, Joy Capital, and BAI Capital in a Series B fundraising round.
The co-investors were NIO Capital, F-Prime Capital, and Eight Roads Ventures. New investors joined the board.
Also, read Webflow 120M Series Continuity 4B
CEO Junwei said that we will spend raised funds on LiDARs improvement, R&D and mass production plants.
Innovation and NIO announced the ET7 vehicle is equipped with image-grade LiDARs that give the vehicle autonomous driving capabilities. With the new grades, LiDARs and image depth sensing it brings revolution to self-driving cars.
