22 May 2024

Incepted in 2014 and newly listed on HKEX in Jan this year, RoboSense is a global leader in the LiDAR and perception solutions market. Unlike most of the LiDAR companies in the market who only focus on hardware, RoboSense integrates both hardware and software by developing its solutions based on chip-driven LiDAR hardware and AI perception software, expanding application scenarios and realizing large-scale commercialization in the industry. The company’s business primarily comprises: 1) sales of LiDAR hardware products for application in the ADAS, robotics and other non-auto industries; 2) sales of LiDAR perception solutions integrating its LiDAR hardware and AI perception software and 3) the provision of technology development and other services.  According to CIC, RoboSense is the world’s first LiDAR company to achieve mass production of automotive-grade solid-state LiDAR. The company’s customers include OEMs, Tier 1 suppliers (such as Geely Auto, Lotus, XPeng, Lucid and GAC Aion), and customers in a wide range of robotics and other non-auto sectors (such as Alibaba, Agilox, Brain Corp and Neolix).

CROSBY Research – RoboSense (2498 HK): A leading LiDAR player in the market