LiDAR company RAYZ nabs nearly 100 million yuan in new funding round

Beijing (Gasgoo)- On March 14, RAYZ, an intelligent sensing technology company, announced the completion of a new funding round, raising nearly 100 million yuan. The funds will be primarily allocated to next-generation automotive-grade LiDAR R&D, mass production expansion, and commercial deployment across various sectors.  

Photo credit: RAYZ

This round was co-led by CETC Fund and Juntong Capital, with additional investment from ATEC Automotive Electronics. Existing shareholders, including Juntong Capital, also increased their stakes.  

As an innovator in the LiDAR industry, RAYZ has leveraged its proprietary MSSP architecture to achieve breakthroughs in detection efficiency, power consumption, size, and cost on the 905nm technology path. Its flagship H260 long-range LiDAR, capable of detecting objects at 260 meters with 10% reflectivity, features ultra-low 10W power consumption and a competitive price point, attracting orders from leading autonomous driving companies worldwide.

The company is also expanding its product portfolio with close-range blind-spot LiDAR and cost-effective LiDAR solutions, aiming to provide full-spectrum intelligent sensing systems. Mass deliveries to customers are scheduled to begin this year.

Beyond automotive applications, RAYZ is advancing into industrial markets such as construction machinery ADAS and service robotics. The company is also strengthening its global presence in autonomous driving, with Robotaxi models incorporating RAYZ's LiDAR set to enter overseas markets in 2025.