✉news BusinessStartups first seen 15 h ago, last 11 h ago, peak #17
RoboSense sells robot unit to founder-led startup for $8.9M
RoboSense, the Chinese lidar maker, has sold its robotics unit to a startup led by one of its founders in a deal valued at $8.9 million. The divestment marks a slimming-down move for the company, which is best known for supplying lidar sensors to the automotive industry. Details about the buyer and strategic rationale remain limited.
Why now: The news of a founder buying back a business unit from a listed lidar company has drawn attention to RoboSense's strategy.
Evidence
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