With Lead Funding of Xpeng,Zvision Reaches Tens of Millions of Dollars Series Pre-C Round

2022-12-26 17:02

January 10, 2022-- Zvision, a provider of automotive-grade MEMS LiDAR solution, officially announced the completion of tens of millions of dollars series Pre-C round. Series Pre-C round was led by XPeng, and received additional funding from Shangqi capital,Dongfeng Bocom Auto Fund and old shareholder Intel Capital. China Renaissance is the exclusive financial advisor for this financing. Series Pre-C round will be used for developing Zvision’s full series automotive-grade pre-installation mass-production LiDAR products,strengthening production line,supply chain and overall quality management,continuing to promote the development of R&D and commercialization process of the automotive-grade MEMS LiDAR solution.