Innovusion 64M Series
Fund Raised$64M                    
InvestorTemasek, Joy Capital and BAI Capital 
Co-Founder/CEOJunwei Bao
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. 

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