Scantinel Photonics GmbH, a Ulm, Germany-based LiDAR (Light Detection and Ranging) startup, raised € 7.5m in funding.
The round was led by Scania Growth Capital, Scania’s corporate venture capital-fund.
The company intends to use the funds to continue to further improve FMCW LiDAR technology, and to commercially implement this technology in close cooperation with customers and technology partners.
Led by CTO & Co-founder Andy Zott, Scantinel Photonics develops and produces FMCW LiDAR (Frequency Modulated Continuous Wave) sensors for next-generation LiDAR systems that are a prerequisite to reach a higher level of automation. The technology delivers a new dimension of data to future vehicles as the sensors measure distances and velocity to objects in the plus-300-meter range with a high level of integration and solid-state scanning.