Company

Hesai Technology

禾赛科技

Hesai Technology (NASDAQ: HSAI, 02525.HK) is a lidar maker and one of Qiming Venture Partners' portfolio companies, having joined its Series C in 2019 with follow-on in the Series D; it completed a dual primary listing on the Hong Kong Stock Exchange in September 2025 . Led by co-founder and CEO David Li (李一帆) , the company pivoted into robotaxi sensing in the second half of 2016, winning customers including Zoox, Aurora, Baidu Apollo, and WeRide, and has since scaled across the auto industry — per Qiming Venture Partners' reporting, by March 2026 it held production designations for over 160 vehicle models from 40 auto brands, covering all of China's top-ten selling brands, with its ATX refreshed model alone booking over 4 million units in orders . Its momentum has been striking: in November 2025 it became the world's first lidar company to cumulatively ship over 2 million units, holding a 47% share of China's main-lidar installations that September — its eighth consecutive month at number one . Beyond cars, Hesai has pushed into robotics with products like the JT-series mini 3D lidar and the ultra-high-channel ETX, striking partnerships with Grab as its exclusive Southeast Asia distributor, Meituan's drone unit, and embodied-AI players such as Vbot . ZhenFund was also an early backer .

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禾赛科技
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