Stuttgart, Germany – 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,” says RBVC Managing Director Dr. Ingo Ramesohl.
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About ABAX
Founded in 2016, ABAX Sensing is a privately-held, high-tech company based in Xi’an, China, that designs, develops, and manufactures photoelectric devices, Lidar, laser distance meter and integrated circuits. The company is in possession of numerous independent intellectual property rights in the fields of Lidar transmitter and receiver chips, equipment installation, and distance measuring methodology. Its products provide a solution for obstacle detection and environmental monitoring. At present, the company is devoted to chip-level solution for solid-state automotive Lidar to be applied in driver assistance system and autonomous vehicles.
About RBVC GmbH
Robert Bosch Venture Capital GmbH (RBVC) is the corporate venture capital company of the Bosch Group, a leading global supplier of technology and services. RBVC invests worldwide in innovative start-up companies at all stages of their development. Its investment activities focus on technology companies working in areas of business of current and future relevance for Bosch, above all, automation and electrification, energy efficiency, enabling technologies, and healthcare systems. RBVC also invests in services and business models that are relevant to the above-mentioned areas of business.
Additional information is available at: www.rbvc.com
The Bosch Group is a leading global supplier of technology and services. It employs roughly 429,000 associates worldwide (as of December 31, 2023). The company generated sales of 91.6 billion euros in 2023. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. With its business activities, the company aims to use technology to help shape universal trends such as automation, electrification, digitalization, connectivity, and an orientation to sustainability. In this context, Bosch’s broad diversification across regions and industries strengthens its innovativeness and robustness. Bosch uses its proven expertise in sensor technology, software, and services to offer customers cross-domain solutions from a single source. It also applies its expertise in connectivity and artificial intelligence in order to develop and manufacture user-friendly, sustainable products. With technology that is “Invented for life,” Bosch wants to help improve quality of life and conserve natural resources. The Bosch Group comprises Robert Bosch GmbH and its roughly 470 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. Bosch’s innovative strength is key to the company’s further development. At 136 locations across the globe, Bosch employs some 90,000 associates in research and development, of which nearly 48,000 are software engineers.
Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com.
