XenomatiX, provider of true solid state lidars for ADAS, autonomous driving and road digitization, has received funds from 9 different entities including two international investment funds, BNP Paribas Fortis Private Equity and Capricorn Fusion China Fund.
Peter Croonen and several other industrial private equity investors, with a background in automotive and mobility are amongst the 9 to express their confidence in XenomatiX, the Leuven based, high-tech company.
With the additional capital, the company will accelerate the industrialisation of price competitive lidar modules. In a few weeks, XenomatiX will launch a new product to join its portfolio of true solid state lidars for automotive and industrial applications.
The new investments will also support XenomatiX’ road measuring applications, known as 6D Road Scanning. This big data business activity of XenomatiX makes use of the company’s solid state Lidar technology to digitize and characterize roads. The resulting data reveals the road quality, the need for maintenance and the precise location of road defects.