Skip to main content

Self-driving car start-up raises major investment

Quanergy Systems, which makes solid state LiDAR sensors and smart sensing solutions used in self-driving cars, has raised US$90 million from investors including Sensata Technologies, Delphi Automotive, Samsung Ventures, Motus Ventures and GP Capital. Since launching in 2012, Quanergy has developed a compact, low-cost, automotive grade solid state LiDAR sensor, the S3 solid state LiDAR and is aggressively working to commercialise these sensors for advanced driver assistance systems (ADAS) and autonomous d
August 24, 2016 Read time: 2 mins
Quanergy Systems, which makes solid state LiDAR sensors and smart sensing solutions used in self-driving cars, has raised US$90 million from investors including Sensata Technologies, Delphi Automotive, Samsung Ventures, Motus Ventures and GP Capital.

Since launching in 2012, Quanergy has developed a compact, low-cost, automotive grade solid state LiDAR sensor, the S3 solid state LiDAR and is aggressively working to commercialise these sensors for advanced driver assistance systems (ADAS) and autonomous driving applications. It currently has pre-production contracts with multiple global customers for the sensors.

LiDAR sensors, as well as sensing systems that benefit from its advanced artificial intelligence perception software, are key to improved safety and efficiency in industries ranging from transportation and security to industrial automation and 3D terrestrial and aerial mapping.

Quanergy intends to use the investment and leverage its intellectual property to work with its partners in ramping up the production of its sensors. It will continue the global expansion of the company and scale its operations and infrastructure to meet the growing demand for autonomy in vehicles and other systems that can benefit from increased levels of automation to save lives, save space, save time, save energy and save costs. According to industry experts, the LiDAR market is expected to exceed US$1 billion by 2020 and US$3 billion by 2022.

Related Content

  • Smart traffic solutions by Quarterhill
    April 24, 2025

     

    Quarterhill is presenting a lineup of Doppler radar and Lidar-based detection technologies that promise to revolutionise traffic flow optimisation and enhance pedestrian safety. These state-of-the-art products provide innovative solutions for loop replacement, traffic counting/classification, traffic calming, and bicycle counting.

  • Bolt partners with Tartu University on self-driving tech
    September 5, 2019
    Ride-sharing company Bolt has joined forces with the University of Tartu (UT) in Estonia to develop technology for SAE Level 4 autonomous vehicles (AV). The partners intend to carry out AV pilots in urban areas and integrate AVs onto Bolt’s on-demand transportation platform by 2026. Jevgeni Kabanov, chief product officer at Bolt - formerly Taxify - says: “Rather than developing our own vehicle, the goal of this project is to build our self-driving technology with a focus on software and maps, on top of ex
  • Lidar insights from Outsight
    April 27, 2023
    Even the most talented engineers struggle to integrate real-time 3D Lidar data into their applications. This is especially true when developing scalable and production-ready solutions - and not only demonstrators.
  • Moscow summit urges transit change
    June 11, 2019
    Moscow summit urges transit change