Cepton Secures $50 Million Investment from Koito for Series C Funding

Cepton Technologies announced that it has raised over US$50 million in Series C funding. This brings Cepton’s total funding to nearly US$100 million, providing a strong foundation to substantially ramp up its R&D efforts, expand its footprint in the automotive market and support major customers worldwide.

The latest funding round was led by automotive lighting system developer Koito, the automotive Tier 1 and world-leading provider of automotive lighting systems. As part of the transaction, Koito will obtain non-exclusive rights to manufacture and sell Cepton’s Lidar sensor design for an automotive application, using key components supplied by Cepton.

Cepton's patented Micro Motion Technology (MMT™), according to the company, is enables a mirrorless, frictionless and rotation-free Lidar solution to increase the reliability and manufacturability of the product. With the new funding, the company aims to accelerate development and deployment of its advanced Lidar technology in ADAS applications, in autonomous vehicle applications, as well as in smart cities, intelligent transportation systems (ITS) and security.

Dr. Jun Pei, co-founder and CEO of Cepton. “With this latest investment round, the year 2020 is poised to be truly transformational for Cepton’s future, and we are excited to welcome Koito not just as an investor but also as a technology and manufacturing partner. Combining Koito’s world leadership in automotive lighting and their world-class quality, reliability and manufacturing with Cepton’s award-winning lidar solutions presents a tremendous opportunity to make deep inroads into the automotive market.”

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

The recent outbreak of COVID-19 has prompted the large-scale search for practical solutions that can prevent the spread of the deadly virus — from researchers and scientists committed to finding a solution, to the manufacturers and consu... READ MORE

Nichia’s Tunable 757 receives rave reviews from industry leaders, including the coveted LpS Best Sustainability Technology Award. Nichia, the leader in and inventor of the high-brightness LED, announced its game-changing single LES, tuna... READ MORE