Hesai
Designer and manufacturer of laser sensors for robots and self-driving cars.
Launch date
Employees
Market cap
€462m
Enterprise valuation
€193m (Public information from Sep 2024)
Share price
$4.14 HSAI
Palo Alto California (HQ), Shanghai Shanghai (founding location)
Financials
Estimates*
| CNY | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 416m | 721m | 1.2b | 1.9b | 2.2b | 3.4b | 4.8b |
| % growth | 19 % | 73 % | 67 % | 56 % | 20 % | 50 % | 43 % |
| EBITDA | (56.9m) | (224m) | (399m) | (385m) | (261m) | 81.3m | 511m |
| % EBITDA margin | (14 %) | (31 %) | (33 %) | (21 %) | (12 %) | 2 % | 11 % |
| Profit | (107m) | (245m) | (301m) | (476m) | (282m) | 84.9m | 441m |
| % profit margin | (26 %) | (34 %) | (25 %) | (25 %) | (13 %) | 3 % | 9 % |
| EV / revenue | - | - | - | 3.5x | 1.0x | 0.7x | 0.5x |
| EV / EBITDA | - | - | - | -17.3x | -8.9x | 30.1x | 4.9x |
| R&D budget | 230m | 368m | 555m | 791m | - | - | - |
| R&D % of revenue | 55 % | 51 % | 46 % | 42 % | - | - | - |
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
| N/A | N/A | Seed | |
| N/A | N/A | Seed | |
| N/A | N/A | Series A | |
JPY110m | Series A | ||
| N/A | $40.0m | Series B | |
CNY1.0m | Early VC | ||
$37.0m | Series C | ||
$1.1m | Series C | ||
$135m | Series C | ||
$300m | Series D | ||
$70.0m | Series D | ||
* | N/A | $190m Valuation: $2.4b 14.5x EV/LTM Revenues -43.7x EV/LTM EBITDA | IPO |
| Total Funding | €531m | ||
