SAIC, BAIC and Cainiao all invested in the lidar technology developer, whose previous backers include Fosun and its Kinzon Capital vehicle.

China-based spacial detection technology developer RoboSense raised more than $45m yesterday from investors including carmakers SAIC and BAIC as well as Cainiao, the logistics subsidiary of e-commerce group Alibaba. Founded in 2014, RoboSense is developing light detection and ranging (lidar) technology that will help driverless vehicles sense the physical world around them, enabling them to…

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