Hesai Technology Co., Ltd.
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Hesai Technology Co., Ltd. - overview
Established
2014
Location
Shanghai, -, China
Primary Industry
Electronics
About
Established in 2014 and based in Shanghai, China, Hesai Technology Co. , Ltd. , formerly known as Hesai Photonics Technology Co. , Ltd.
, operates as an autopilot radar developer that provides intelligent driving lidar and laser natural gas detection system. The company headquartered in Shanghai and has office located in USA. It has many agents, such as Mobiltech, Datron Technology, Kuartis Teknoloji and CADDEN. In August 2022, Unity Drive became the strategic partner of the company.
In September 2025, it raised HKD 4. 16 billion in an initial public offering on the Hong Kong Stock Exchange. The company works with enterprise clients and automotive manufacturers to provide high-resolution 3D laser radar and laser gas sensor products. Its product lines include the AT, FT, Pandar, QT, and XT series of lidar sensors, alongside methane telemeters.
These products are designed for integration into advanced assisted driving systems (ADAS) for passenger and commercial vehicles, autonomous mobility solutions, and industrial service robots. The company generates revenue from B2B contracts for the commercial sale of its laser radar units and intelligent driving sensor systems to automotive OEMs and robotics developers.
Current Investors
Grains Valley Venture Capital, LightHouse Capital Management, Pagoda Innovation
Primary Industry
Electronics
Sub Industries
Automobiles, Other Vehicles & Parts, Electronic Components
Website
www.hesaitech.com
Verticals
Artificial Intelligence, Big Data, Manufacturing, Robotics
Company Stage
Mature
Total Amount Raised
Subscriber access only
Hesai Technology Co., Ltd. - timeline of key events
Hesai Technology Co., Ltd. - financials
| Fiscal Year Ended | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 348,084,000 | 415,514,000 | 720,768,000 | - | - | - |
| % Revenue Growth (YoY) | - | 19.4% | 73.5% | - | - | - |
| EBITDA (USD) | (138,327,000) | (82,597,000) | (237,054,000) | - | - | - |
| Operating Income (USD) | (148,051,000) | (101,812,000) | (265,285,000) | - | - | - |
| Operating Margin | (42.5%) | (24.5%) | (36.8%) | - | - | - |
| % EBITDA Margin | (39.7%) | (19.9%) | (32.9%) | - | - | - |
| NET Income (USD) | (120,224,000) | (107,216,000) | (244,827,000) | - | - | - |
| % Net Margin | (34.5%) | (25.8%) | (34.0%) | - | - | - |
Hesai Technology Co., Ltd. - employee data
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