Cepton, Inc. Announces Agreement for $100 Million Investment from Koito Manufacturing
Cepton, Inc. ("Cepton") (NASDAQ:CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, announced today that it has entered into a binding investment agreement dated October 27, 2022 ("Investment Agreement") for a $100 million investment from its long-term automotive Tier 1 partner and current shareholder, Koito Manufacturing Co., Ltd. ("Koito") (TSE: 7276). As previously reported, the investment will be used to fund Cepton's next stage of growth as it scales its lidar solutions for mass deployment.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221027005393/en/Dating back to 2017, Cepton and Koito have
