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Founded Year

2014

Stage

IPO | IPO

Total Raised

$717.29M

Date of IPO

2/9/2023

About Hesai Technology

Hesai Technology (NASDAQ: HSAI) is a light detection and ranging (LiDAR) technology firm. It manufactures and sells lidar sensors for autonomous vehicles, trucking, robotics, and more. The company was founded in 2014 and is based in Shanghai, China.

Headquarters Location

Building L2 Hongqiao World Center

Shanghai, Shanghai, 201702,

China

400-805-1233

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ESPs containing Hesai Technology

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Industrials / Automotive Tech

The automotive lidar market is focused on providing advanced sensing technology for autonomous driving and ADAS systems. Lidar solutions are designed to address critical gaps in current sensor modalities such as camera, radar, and ultrasonic sensors. The market is driven by the need for strong sensory perception of a vehicle's surroundings, which comes down to correct and reliable environment reco…

Hesai Technology named as Highflier among 15 other companies, including Ouster, Luminar Technologies, and Aeva.

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Research containing Hesai Technology

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Hesai Technology in 2 CB Insights research briefs, most recently on Sep 12, 2022.

Expert Collections containing Hesai Technology

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Hesai Technology is included in 4 Expert Collections, including Auto Tech.

A

Auto Tech

2,523 items

Companies working on automotive technology, which includes vehicle connectivity, autonomous driving technology, and electric vehicle technology. This includes EV manufacturers, autonomous driving developers, and companies supporting the rise of the software-defined vehicles.

O

Oil & Gas Tech

1,088 items

Companies in the Oil & Gas Tech space, including those focused on improving operations across upstream, midstream, and downstream sectors, as well as those working on sustainable fuels.

C

Conference Exhibitors

5,302 items

S

Semiconductors, Chips, and Advanced Electronics

6,635 items

Companies in the semiconductors & HPC space, including integrated device manufacturers (IDMs), fabless firms, semiconductor production equipment manufacturers, electronic design automation (EDA), advanced semiconductor material companies, and more

Hesai Technology Patents

Hesai Technology has filed 64 patents.

The 3 most popular patent topics include:

  • lidar
  • laser applications
  • optical devices
patents chart

Application Date

Grant Date

Title

Related Topics

Status

4/6/2021

2/13/2024

Sensors, Spectroscopy, Optical devices, Photonics, Image processing

Grant

Application Date

4/6/2021

Grant Date

2/13/2024

Title

Related Topics

Sensors, Spectroscopy, Optical devices, Photonics, Image processing

Status

Grant

Latest Hesai Technology News

Global and China Automotive LiDAR Industry Report 2023: Chip Localization Makes Wide Adoption of LiDARs in Prospect

Feb 15, 2024

Research and Markets Dublin, Feb. 15, 2024 (GLOBE NEWSWIRE) -- The "Automotive LiDAR Industry Report, 2023" report has been added to ResearchAndMarkets.com's offering. So, where is the future of LiDAR? Chip localization makes wide adoption of LiDARs in prospect. From the perspective of system structure, LiDAR chips mainly include transmitter IC, receiver IC and information processor. After years of development, Chinese transmitter VCSEL chips have entered a mature mass production phase, but receiver SPAD chips are monopolized by Sony and ON Semiconductor among others. Chinese SPAD chip companies, including Fortsense, Sophoton, VisionICs Microelectronics Technology, and ADAPS, thus work harder on technology development, having made new breakthroughs. In August 2023, Fortsense released FL6031, an all-solid-state LiDAR area array SPAD chip which adopts the Stacked-BSI process. This product integrates a 360150 SPAD pixel array with over 50k effective pixels, meeting automotive application requirements. Based on FL6031, Suzhou Photon-Matrix Optoelectronics Technology and Wuhan VanJee Optoelectronics Technology have completed the demo development of all-solid-state LiDARs. The information processor, namely, LiDAR master chip, is mainly FPGA for time sequence control, waveform algorithm processing, and other functional modules control. The typical vendors are Xilinx and Altera. The FPGA chips for automotive LiDAR products of RoboSense, Innovusion, and DJI all come from Xilinx. In September 2023, NIO introduced its self-developed LiDAR master chip 'Yang Jian' (chip model: NX6031). The chip packs eight 9-bit analog-to-digital (AD) samples, and delivers sampling frequency of up to 1GHz per channel, allowing for efficient capture of laser echo signals. Mass production is scheduled in October 2023. NIO says that its purpose of self-developing chips is 'gross profit' and it hopes to exchange recent R&D investment for long-term gross profit. This chip can save hundreds of yuan. In the future, the mass production and application of 'Yang Jian' is expected to drag down the cost of LiDAR. Overall, LiDAR is at a critical moment when it faces survival and profit on one hand, and cost reduction and mass adoption on the other. Both OEMs and suppliers are going through a white war. Who win and who lose will probably be known in a few years. Why is Hesai so far ahead and what is its core strength? Its CEO Li Yifan believes that independent development of chips is Hesai's competitive edge. In late 2017, Hesai established a chip department to develop laser driver ICs, analog front-end ICs, digital ICs, and SoCs. It now has completed V1.0, V1.5, V2.0, and V3.0 LiDAR chip architectures, and is developing V4.0, which will be available to the next-generation LiDAR products in 2026. RoboSense: It has built three major LiDAR platforms - M Platform (semi-solid state), E Platform (solid state) and R Platform (mechanical), and is designing and developing next-generation LiDAR platform - F Platform. The M Platform is oriented to ADAS and is based on 2D MEMS galvanometers, with products including M1, M1P and M2. In March 2023, RoboSense said that it had received OEM mass production designation expected orders for its front LiDAR M1 for 52 vehicle models from 21 automotive automakers and Tier 1 suppliers. Currently RoboSense has improved its delivery capacity by way of establishing a joint venture (Luxsense, a joint venture co-funded with Luxshare) and self-building production lines (Honghualing and Shiyan factories in Shenzhen). Wherein, the investment in the Phase I of the Luxsense-centric Intelligent Manufacturing Cluster of RoboSense exceeded RMB1 billion, involving construction of nearly 20 automatic production lines with annual capacity of 1 million units and efficiency of 'producing one LiDAR every 12 seconds'. In addition to local companies, foreign companies like Luminar and Valeo have also quickened their deployment pace in Chinese market. For example, in April 2023 Luminar announced a partnership with TPK to build and operate an additional high-volume LiDAR factory in China. At the first stage, the new factory will be capable of producing up to 600,000 Luminar LiDAR sensors annually to meet increasing market demand. Of the now more than 20 production vehicle models Luminar is designed into, the majority including Rising R7, Volvo EX90 Excellence and Polestar 3 are also slated for the China market. Solid-state gap filler LiDAR comes as a new track. When automakers still consider whether to install LiDAR and how many to install, solid-state gap filler LiDAR has 'come out of the blue.' Later Hesai Technology, RoboSense, Zvision, and Innovusion introduced their gap filler LiDAR as well, all of which are scheduled to be marketed in 2023. Large FOV is the key to gap filler LiDAR, especially vertical FOV. RoboSense's gap filler LiDAR RS-LiDAR-E1 offers a horizontal FOV of 120, and a vertical FOV of 90, with the perception range covering both ground blind spots and side view. 2 E1 LiDARs plus 1 120 FOV main LiDAR provides 360 view coverage. RoboSense believes that a vertical FOV smaller than 90 easily leads to a risk of insufficient perception range. With regard to the progress in installation in vehicles, Hesai Technology's gap filler LiDAR FT120 is the first to be implemented. In August 2023, Polestones 01 was launched on market. This car packs 3 Hesai LiDARs including 1 AT128 front + 2 FT120 side LiDARs, becoming China's first model carrying solid-state gap filler LiDARs. Although gap filler LiDAR costs much less than front LiDAR, it is still more expensive than gap filler sensors such as camera/radar. Moreover, a vehicle generally needs multiple gap filler LiDARs, which is bound to push up the cost. Therefore the wide adoption of gap filler LiDARs in vehicles will take some time. From outside to inside the cabin, LiDAR makes a new leap. In April 2023, Hesai released ET25, an automotive-grade ultrathin long-range LiDAR which is specially designed to be placed behind the front windshield. With only 25mm in thickness (AT128 is 48mm), this product features 120x25 FOV, ranging without the windshield behind the windshield), the minimum resolution of 0.05x0.05, and power consumption of just 12W. It is worth noting that ET25 uses a 905nm solution, almost on a par with 1550nm solutions. This is mainly credited to Hesai's new-generation transceiver chip with sensitivity several times higher than the previous generation. Li Yifan, CEO of Hesai, says that it is very difficult to miniaturize products without affecting core performance, and this requires extremely excellent semiconductor technology, which is high core strength.' In September 2023, Hesai and FAW built designation cooperation. The next-generation flagship all-electric models under Hongqi brand will be the first to use Hesai's ET25 LiDAR. The result of the cooperation is expected to be mass-produced and delivered in the first half of 2025. In addition to Hesai, Innovusion's Robin-E also meets the requirements of "entry into cabins'. Innovusion has formed strategic partnerships with Fuyao Glass and AGC's subsidiary Wideye, initially realizing the integration of LiDAR and front windshield. Bao Junwei, Innovusion's CEO, believes that the introduction of LiDAR into cabins is a trend, but it will not completely replace cabin front radar. Key Topics Covered:

Hesai Technology Frequently Asked Questions (FAQ)

  • When was Hesai Technology founded?

    Hesai Technology was founded in 2014.

  • Where is Hesai Technology's headquarters?

    Hesai Technology's headquarters is located at Building L2, Shanghai.

  • What is Hesai Technology's latest funding round?

    Hesai Technology's latest funding round is IPO.

  • How much did Hesai Technology raise?

    Hesai Technology raised a total of $717.29M.

  • Who are the investors of Hesai Technology?

    Investors of Hesai Technology include Xiaomi, Hillhouse Capital Management, CPE, Meituan, Qiming Venture Partners and 18 more.

  • Who are Hesai Technology's competitors?

    Competitors of Hesai Technology include Robosense and 6 more.

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Compare Hesai Technology to Competitors

SOS LAB Logo
SOS LAB

SOS LAB manufactures light detection and ranging (LiDAR) sensor technology. The company's products include solid-state two-dimensional (2D) and three-dimensional (3D) LiDAR solutions. The company offers various technologies in optical sensors and actuators and develops sensors for self-driving cars, automated guided vehicles, and industrial automation. It was founded in 2016 and is based in Gwangju, South Korea.

I
Innovusion

Innovusion specializes in image-grade mid and long-range LiDAR (Light Detection and Ranging) sensor systems, operating within the automotive, intelligent transportation, and rail. The company offers LiDAR solutions that map the environment with exceptional range and clarity, supporting safe assisted driving and enabling the detection of the smallest details in the environment. It serves the automotive industry, intelligent transportation systems, and industrial automation. It was founded in 2016 and is based in Sunnyvale, California.

Blickfeld Logo
Blickfeld

Blickfeld focuses on LiDAR technology in the tech industry. The company offers advanced LiDAR sensors that capture 3D data in perception software that converts this data into actionable insights. Its products are used in a variety of sectors including volume sensing, people counting, security systems, and smart mobility solutions. It was founded in 2017 and is based in Munich, Germany.

Fastree3D Logo
Fastree3D

Fastree3D develops three-dimensional (3D) imaging sensors. It recognizes and locates fast-moving objects in three-dimensional (3D), enabling driving assistance or autonomous navigation. It specializes in resolution, speed, and background light filtering and complements sensors such as two-dimensional (2D) cameras, radar, and ultrasound. The company was founded in 2013 and is based in Ecublens, Switzerland.

TriEye Logo
TriEye

TriEye offers complementary metal-oxide-semiconductor (CMOS) based high-definition short-wave infrared (SWIR) sensing solutions. It develops short-wave infrared (SWIR) imaging technology designed to help autonomous vehicles see under limited visibility conditions such as darkness, rain, fog, and dust. The company was founded in 2017 and is based in Tel Aviv, Israel.

Outsight Logo
Outsight

Outsight is a company that specializes in the field of 3D LiDAR data processing. The company's main offerings include software solutions that transform large volumes of live 3D sensor data into actionable information and alerts, and extract operational insights from pre-processed 3D data. These solutions primarily cater to sectors such as transportation hubs, smart cities and roads, site monitoring, industrial and logistics, and vehicles and robots. Outsight was formerly known as Dibotics. It was founded in 2019 and is based in Paris, France.

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