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21 09 2018 01

Robert Bosch Venture Capital GmbH (RBVC), the corporate venture capital company of the Bosch group, completed a follow-on investment in ABAX Sensing. ABAX is developing a full solid-state chip Lidar for consumer and automotive applications, in particular for advanced driver assistance systems and autonomous vehicles.

RBVC and Orbbec, a leading Chinese high-tech company focusing on 3D sensor technology, led the Pre-Series A financing round followed by GSR Capital and other investors.

The follow-on investment underlines our excitement in the disruptive approach of ABAX for the next generation Lidar and strengthens the growing Robert Bosch Venture Capital portfolio of companies in the field of sensors and software for autonomous vehicles.

—RBVC Managing Director Dr. Ingo Ramesohl

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