LiDAR Supplier LiangDao Raises Over CNY 100 Million in Its Series B1 Funding Round

Nov 4th, 2022, the LiDAR System supplier LiangDao (Chinese: 亮道智能) announced that it has recently completed a CNY 100 Million (USD 13.79 Million) in its Series B1 funding round.

Liangdao told EqualOcean that, the investment received from Everest VC (Chinese: 朗玛峰创投), Before Capital (Chinese: 彬复资本), and State Development & Investment Corporation (Chinese: 国投招商)

The new funding will be used to accelerate the development of automotive-grade  LiDAR products, hire more talents, compete the robotic factory setup and the verification of the fully automated production lines.

The company founded in 2017 in China and Germany, LiangDao is a global leading system provider of LiDAR sensors, providing industry customers with a full stack of LiDAR sensing systems, including automotive-grade LiDAR hardware, perception software, testing and validation and data services.

LiangDao's customer base includes global well-respected automotive OEMs, well-known international automotive component companies, and leading Chinese technology companies in the field of autonomous driving.