# 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.

- Type: Investment
- Announced: 2021-08-06
- Where: San Jose, California, United States
- Value: $50.0M
- Starts operating: 2023
- Status: announced
- Products: MMT lidar sensors for ADAS
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Cepton Technologies](https://endata.com/companies/56941.md)
- [KOITO MANUFACTURING](https://endata.com/companies/56942.md) (investor)

## Sources

- [01net.it](https://www.01net.it/cepton-announces-50m-committed-investment-in-ceptons-business-from-koito-after-adas-design-win-at-a-major-global-oem/), 2021-08-06: "KOITO deepens relationship with Cepton by committing to a second investment in Cepton’s business in two years to support advanced OEM engagements worldwide."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.