Hesai Group is a Shanghai-based developer of three-dimensional light detection and ranging (LiDAR) solutions for advanced driver assistance systems (ADAS), autonomous vehicles, and robotics. Founded in 2014 by Yifan 'David' Li, Kai Sun, and Shaoqing Xiang, the company designs and manufactures LiDAR sensors used by leading automotive OEMs, autonomous vehicle developers, and robotics companies worldwide. Hesai listed on the Nasdaq Global Select Market in February 2023 under the ticker HSAI, becoming China's first publicly listed LiDAR company. The company has shipped over 1 million LiDAR units cumulatively and is widely regarded as the global market leader in automotive LiDAR by unit shipments.
Hesai is publicly traded
IPO'd on February 9, 2023
This company is no longer available on our private secondary market. Shares can be traded publicly under HSAI.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2014
Employees
1,000–1,500
Total Funding
$792.4M
6 rounds
Last Private Valuation
$2.62B
February 9, 2023
Total raised $792.4M across 6 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 05-22-2026
Latest Round
Type
ipo
Date
February 9, 2023
Amount
$192.4M
Valuation
—
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| February 9, 2023 | ipo | $192.4M | — | |
| December 2021 | series_d_extension | $74M (extension) | — | |
| June 7, 2021 | series_d | $300M (initial close) | — | Hillhouse Capital, Xiaomi, Meituan |
Yifan "David" Li
Co-Founder, Chairman & CEO
Shaoqing Xiang
Co-Founder & Chief Technology Officer
Kai Sun
Co-Founder & Chief Scientist
Fan Peng
Chief Financial Officer
Cailian Yang
Executive Director & VP of Operations
Competitor list is illustrative and may be incomplete, stale, or erroneous.
RoboSense
Shenzhen-based LiDAR maker; Hesai's chief Chinese competitor in automotive LiDAR shipments; listed on the Hong Kong Stock Exchange in early 2024.
Luminar Technologies
US-based LiDAR provider focused on long-range automotive LiDAR; partners with Volvo, Mercedes-Benz, and others; publicly traded on Nasdaq.
Innoviz Technologies
Israeli LiDAR developer with BMW partnership for Level 3 autonomous driving; publicly traded on Nasdaq.
Ouster
US-based digital LiDAR maker serving automotive, robotics, and smart infrastructure markets; publicly traded on NYSE following its merger with Velodyne.
Aeva Technologies
US-based FMCG (frequency-modulated continuous wave) LiDAR developer; selected as exclusive LiDAR supplier for a top European passenger OEM; publicly traded on NYSE.
Huawei Technologies
Chinese technology conglomerate whose Optoelectronics business is a leading competitor in automotive LiDAR, particularly within China's domestic EV market.
Yes, Hesai is publicly traded under the ticker symbol HSAI on the NASDAQ. The company went public in February 9, 2023.
Hesai trades under the ticker symbol HSAI on the NASDAQ. It began trading in February 9, 2023.
Hesai (HSAI on the NASDAQ) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker HSAI to place an order.
Hesai went public in February 9, 2023 via ipo, with an offering valuation of approximately $2.62B. Hesai Group completed its initial public offering on the Nasdaq Global Select Market on February 9, 2023, pricing 10 million ADSs at $19.00 each for $190M; underwriters' partial over-allotment brought total IPO proceeds to ~$192.4M. The company trades under the ticker HSAI and is China's first publicly listed LiDAR company.
Hesai raised $792.4M across 6 disclosed funding rounds prior to its public listing.
Hesai was co-founded by Yifan "David" Li, Shaoqing Xiang, and Kai Sun in 2014.
Hesai is headquartered in Shanghai, China.
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