RoboSense, a developer of LiDAR technology with offices in Plymouth Township, has been officially listed on the Hong Kong Stock Exchange under the ticker 2498.HK, with a total market value exceeding $2.4 billion, becoming the world’s largest LiDAR company by market value.
The milestone enables RoboSense to use its global capital to expand its business in North America, invest in core technologies, refine its product offerings, strengthen its manufacturing and supply chain capabilities, deepen and broaden its customer base, and attract and retain talent.
RoboSense’s primary North American office in Plymouth Township is where the company works to build stronger partnerships with automotive companies to advance their adoption of RoboSense’s LiDAR. The company adds that it continues to grow in other areas of North America, including California, through its work with automotive, mobility, and robotics companies.
“Since its establishment, RoboSense’s values have centered on safety and intelligence. Advancing automotive and robotics perception capabilities with our LiDAR solutions is just the beginning,” says Qiu Chunxin, co-founder, chairperson of the board, executive director, and CEO of RoboSense. “As an industry leader, we are committed to expanding our business to accelerate the adoption of our technology worldwide.”
Founded in 2014, RoboSense is focused on chip-driven LiDAR hardware and AI perception software to advance autonomous solutions and grow the industry. It has developed its own chip technology, including MEMs, and is the earliest to achieve mass production of automotive-grade solid-state LiDAR, according to data from Zhuoshi Consulting.
RoboSense has obtained 62 vehicle model design wins and successfully assisted 12 OEMs and Tier 1 customers in starting the large-scale mass production delivery of 24 models. As of the end of October 2023, RoboSense has delivered around 220,000 LiDAR sensors. In robotics and other application areas, RoboSense has served about 2,200 customers.
