RoboSense announces plans to raise around HK$988.87 million through share placement

Beijing (Gasgoo)- On February 26, 2025, LiDAR perception solution provider, RoboSense, announced an agreement with placing agents for a share placement. The company plans to issue up to 22 million new shares at a price of HK$46.15 per share. If all shares are successfully placed, RoboSense expects to raise approximately HK$988.87 million in net proceeds.  

The funds will primarily be allocated to advance RoboSense's research and development efforts. Around 70% of the net proceeds will be directed toward further innovation and R&D in LiDAR technology, while 20% will be used to establish and enhance production lines both in China and overseas. The remaining 10% will be reserved for exploring potential strategic partnerships.  

On February 24, RoboSense released its earnings forecast, predicting annual revenue from 1.63 billion to 1.67 billion yuan in 2024, which would reflect a substantial year-on-year growth of approximately 45.5% to 49.1%.

In 2024, the company's annual LiDAR sales reached approximately 544,200 units, doubling the 259,600 units sold in 2023. According to data from Gasgoo Auto Research Institute, RoboSense's LiDAR accounted for 33.5% (514,995 units) of China’s total LiDAR installation volume among the passenger car market last year, making it the top supplier.