Cepton Announces $50M Committed Investment In Cepton’S Business From Koito After Adas Design Win At A Major Global Oem

Aug 06, 2021•about 4 years ago

Amount Raised

$50 Million

San Jose

Description

Cepton Technologies, Inc. (“Cepton”), a leader in high performance MMT® lidar solutions for Advanced Driver Assistance Systems (ADAS), Autonomous Vehicles (AV) and Smart Infrastructure applications, announced today that its automotive Tier 1 partner and current shareholder, KOITO MANUFACTURING CO., LTD. (“KOITO”) committed to invest a further $50 million in Cepton’s business. KOITO’s second investment in Cepton’s business since 2020 will be made through KOITO’s participation in a Private Investment in Public Equity (PIPE) offering of shares of common stock of Growth Capital Acquisition Corp

Company Information

Company

Cepton Technologies

Location

San Jose, California, United States

About

Cepton provides state-of-the-art, intelligent, lidar-based solutions for a range of markets such as automotive (ADAS/AV), smart cities, smart spaces and smart industrial applications. Cepton’s patented MMT®-based lidar technology enables reliable, scalable and cost-effective solutions that deliver long range, high resolution 3D perception for smart applications. Founded in 2016 and led by industry veterans with over two decades of collective experience across a wide range of advanced lidar and imaging technologies, Cepton is focused on the mass market commercialization of high performance, high quality lidar solutions. Cepton is headquartered in San Jose, California, with a presence in North America, Germany, Japan, India and China, to serve a fast-growing global customer base. For more information, visit www.cepton.com.

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech