NIO Capital Leads Series A Financing of LiDAR Leader Innovusion

August 31.2019-- Innovusion Inc. announced that it has secured Series A financing worth approximately $30 million USD led by NIO Capital, Eight Roads and F-Prime Capital. With this round of financing, the company's LiDAR system, Innovusion Cheetah, is now available to customers worldwide.

Innovusion Cheetah is the world's first image-level LiDAR system to support L4 and above autonomous driving solutions. Innovusion's Cheetah LiDAR system can detect objects at over 200 meters and generate outstanding high-density point clouds (300 lines), while ensuring high frame rates and low-cost mass production. These statistics are twice as good as other suppliers currently in the field. In order to meet global demand, Innovusion will increase production starting in the fourth quarter of 2018.