Lidar chip manufacturer fly core Electronics received tens of millions of pre-A round of financing

LiDAR chip solution provider Xi 'an Feixin Electronic Technology Co., Ltd. has recently received tens of millions of pre-A round of financing led by Bosch(Bosch) and Obi Zhongguang, this round of financing will be used for technology research and development, market expansion and other aspects of LIDAR chip solution.

According to reports, Flycore Electronics plans to release the first LiDAR product in the fourth quarter of 2018, and achieve small batch production in 2019.

Public information shows that Xi 'an Feixin Electronic Technology Co., Ltd. was founded in 2016, is a focus on optoelectronic equipment, Lidar research and development, integrated circuit design of private high-tech enterprises. Within two years of its establishment, Feixin Electronics has been funded by Bosch(Bosch), Sike Angel, Shanghai Fengrui and Jinsha River Joint Capital. At present, the company is valued at 470 million yuan.

With the gradual popularization of driverless cars, the Lidar market has also maintained a rapid growth trend. According to the latest data, benefiting from the improvement of technology and production capacity, the lidar market size is expected to exceed 10 billion in 2020. According to the estimated 25% penetration rate of the installation market before 2020 and 5% penetration rate of the post-installation market, the Chinese market size is expected to be nearly 20 billion.

At present, in the Lidar market, foreign manufacturers mainly include Velodyne, Ibeo, Innoviz, Leddar Tech and Quanergy. Relatively speaking, the domestic manufacturers started late, the main manufacturers are North science and technology, He Sai technology, Zuotang and so on. It is worth noting that at present, the products of Velodyne and Quanergy in the United States and Ibeo in Germany have been applied in the driverless test car and are in a market monopoly position.

Since its establishment, Xi 'an Feixin Electronics has developed low-cost, small size, high reliability and high anti-interference and human eye protection lidar products through self-developed chip design, circuit design, signal processing, system integration and other core technologies.

For the industry pain points, the current development of products using continuous wave load modulation or coherent heterodyne detection solution, the use of focal plane point cloud ranging technology, to meet the high spatial resolution and large field of view Angle, the detection distance can exceed 200m, and without complex and expensive mechanical scanning devices, constantly improve the reliability of the system, but also make the image more clear.

It is understood that at present, Flycore Electronics is based on B2B business model, with the research and development and production of liDAR systems and core chips as the main business. The future customer groups are mainly for domestic and foreign automobile, robot, drone and other production R & D manufacturers. In the early stage of development, the company mainly cooperated with domestic and foreign high-tech companies such as automotive electronics, vehicle manufacturers and unmanned driving, and has reached strategic cooperation agreements with major target customers.