RoboSense sees 47.2% YoY growth in 2024 revenue

Beijing (Gasgoo)- On March 31, LiDAR company RoboSense released its audited financial results for 2024, showcasing significant revenue growth driven by the accelerated adoption of intelligent driving technologies and the booming robotics industry.  

According to the report, RoboSense achieved total revenue of approximately 1.65 billion yuan in 2024, marking a 47.2% year-on-years surge and sustaining its strong growth momentum for three consecutive years. The company's total LiDAR sales shot up 109.6% from the year-ago period to around 544,000 units.  

Data from the Gasgoo Auto Research Institute shows that RoboSense's LiDAR installation volume accounted for 33.5% of the Chinese market in 2024. In February 2025, the company reached a significant milestone by producing its one-millionth E1R LiDAR unit.  

LiDAR sales for the ADAS sector reached 519,800 units in 2024, representing a 113.9% year-on-year growth. With the rapid adoption of L2+ ADAS solutions, over 10 mass-produced vehicle models priced between 150,000 yuan and 200,000 yuan were integrated with RoboSense's LiDAR.  

In 2024, RoboSense improved its operational efficiency and cost management, significantly narrowing losses. The company's overall gross margin reached 17.2% in the past year, and 22.1% in the fourth quarter of 2024. Its adjusted net loss stood at approximately 396 million yuan, an 8.9% reduction from 2023.

RoboSense invested about 620 million yuan in R&D in 2024, with 41% allocated to emerging technologies such as robotics and AI, focusing on platform development and key component innovation.