NetworkNewsBreaks – Cepton Inc. (NASDAQ: CPTN) A
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Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, on Tuesday announced business updates and financials for the fourth quarter and full year ended Dec. 31, 2022. “We closed out our first year as a public company with notable achievements,” said Jun Pei, Cepton’s co-founder and CEO. “We are in the final stages of preparation for the start of the production launch of our lidar for OEM customers, we announced our next-generation Vista(R)-X120 Plus lidar to meet future OEM requirements and closed the $100 million investment from Koito. We look forward to capitalizing on our extensive experience in commercializing automotive grade lidar to win additional series production awards this year.”
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