Innovusion
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Innovusion is a LiDAR manufacturer founded by CEO Junwei Bao and a team drawn from top engineering programs including Peking University, Tsinghua, MIT, and UC Berkeley . The company positions itself as an image-grade, ultra-long-range LiDAR provider, with its Falcon sensor serving as the standard-equipment forward-facing radar for NIO's ET7, ES7, and ET5 Aquila perception system . Beyond NIO, Innovusion has pursued a multi-scenario strategy spanning autonomous trucking partnerships with TuSimple and Plus.ai, mining automation with EACON, and collaborations in smart logistics, ride-hailing, and intelligent highway infrastructure .
Gaorong Ventures led Innovusion's angel round in 2016 and joined its Series A, while a $66 million B+ round in August 2021 brought in Guotai Junan International Private Equity as lead and Shunwei Capital as co-investor, with returning participation from NIO Capital, Temasek, and Eight Roads . The company maintains R&D in Silicon Valley, commercial operations centered on Suzhou, and manufacturing in Wuhan .
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