Horizon Robotics, a provider of technology for autonomous vehicles, has raised approximately $800 million by issuing new shares – or what’s called a “top-up placement” in investment jargon – on the Hong Kong stock exchange, according to Reuters.
The company also announced the official establishment of its European headquarters – in Munich, Germany – describing it as a “strategic milestone” that strengthens its global expansion and localized operations, enabling Horizon Robotics to deliver safer, more comfortable, and more convenient mobility experiences for drivers and passengers worldwide.
Building on its collaborations with global OEMs and Tier-1 suppliers, Horizon Robotics showcased its flagship full-scenario urban-NOA (Navigate on Autopilot) solution, HSD (Horizon SuperDrive), at the event. [Read more…] about Horizon Robotics raises more than $800 million and opens office in Europe