Benewake

About Benewake

From its headquarters in Beijing, Benewake (Beijing) Co., Ltd. has established itself as a notable manufacturer and developer of LiDAR (Light Detecting and Ranging) products since its inception in 2015. The company was founded by Dr. Li Yuan, a physicist with a deep background in optics and optoelectronics, who aimed to address the domestic market's reliance on foreign LiDAR technology. His journey includes extensive research in 3D photovoltaics at Wake Forest University's NANOTECH Center, providing him with a profound understanding of light-based technologies that became the foundation of Benewake. The company directs its efforts toward making LiDAR technology more accessible for a variety of applications, initially focusing on drones before expanding into broader sectors.

Benewake operates on a business model centered on the research, development, manufacturing, and sale of high-performance, cost-effective LiDAR sensors and solutions. Its revenue is generated through the direct sale of these products to a diverse client base that includes top 500 enterprises and emerging startups. The company serves a global market, with products exported to over 90 countries and regions, including Europe and America. Key markets include automotive, intelligent transportation (rail, aviation, shipping), and industrial automation, which encompasses drones, robotics, and AGVs for warehouse logistics.

The company's product portfolio is comprehensive, featuring both solid-state and flash LiDAR technologies. Products range from single-point ranging modules like the compact TF series (TF-Luna, TFMini) to advanced 3D LiDAR systems such as the Horn series. A significant offering is the AD2, an automotive-grade LiDAR with an equivalent of 256 lines and high resolution, designed for advanced driver-assistance systems (ADAS) and L3/L4 autonomous driving. To ensure mass production capabilities for automotive-grade products like the AD2, Benewake has formed strategic partnerships, such as its collaboration with Jabil for industrialization and manufacturing. The company has secured significant funding through multiple rounds, including investments from notable firms like IDG Capital, Shunwei Capital, and Didi, which has supported its growth and technological advancements.