KOITO commits $50M investment in Cepton after ADAS lidar design win

KOITO MANUFACTURING has committed to invest $50 million in Cepton's business through a PIPE offering, following a major ADAS lidar series production award at a global automotive OEM. KOITO has established a manufacturing line for Cepton's MMT lidars, with series production expected to start in 2023.

“KOITO deepens relationship with Cepton by committing to a second investment in Cepton’s business in two years to support advanced OEM engagements worldwide.”01net.it

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• 01net.itCepton Announces $50M Committed Investment in Cepton’s Business From KOITO After ADAS Design Win at a Major Global OEMBusiness WireAug 6, 2021

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