Leidi.com Lei Jianping reported on February 18 that
lidar solution developer Cepton (Nasdaq: CPTN), a recently merged and listed with SPAC company Growth Capital Acquisition Corp., and has issued shares on Nasdaq . The transaction price of
Cepton is US$10, and the company's price is US$1.732 billion. Before
, companies such as Velodyne, Luminar, Innoviz, AEye and others have been listed through SPAC. Dr. Pei Jun, co-founder and CEO of
Cepton, rang the opening bell together with Dr. Mark McCord, co-founder and CTO, and George Syllantavos, co-CEO of Growth Capital Acquisition Corp. Dr. Pei Jun, CEO of
Cepton, said: "Today, by ringing the Nasdaq bell, we will not only start the transaction of the day, but also usher in a new era of innovation. We will move towards the goal of making lidar the mainstream automotive sensor technology. We are pleased to witness this moment together with our outstanding colleagues and supporters of Cepton's growth through live and online viewing. "
Dr Pei Jun also said, "I am full of expectations for the future journey of Cepton after becoming a listed company. We will continue to unswervingly fulfill our mission and provide safe and autonomous transportation for everyone."
According to reports, Cepton was established in 2016 and is for the automotive industry. (Automatic driving/assisted driving), smart cities, smart spaces and smart industrial applications provide lidar-based solutions. Headquartered in San Jose, California, U.S.,
Cepton has a Center of Excellence facility in Troy, Michigan, providing local support to the Greater Detroit metropolitan area of original equipment manufacturers and Tier 1 suppliers.
Cepton also has offices in Germany, Canada, Japan, India and China to serve a rapidly growing global customer base.
Dr Pei Jun once said that lidar needs to meet three key elements: high performance, low cost, and high reliability. Only by combining these three basic factors can the lidar become a part in the car.
"Instead of a big thing on the roof, it can't even get into the garage. It's not a demonstration fleet, it seems that the effect is cool, like making a movie."
Currently, Cepton has received ADAS lidar mass production orders to support GM's "Ultra Cruise" project. Cepton also works with all other top 10 OEMs.
The following is the Cepton Roadshow PPT (refined processing by Leidi.com):
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