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Cepton Inc. (NASDAQ: CPTN) is a provider of state-of-the-art, intelligent, lidar-based solutions serving a range of markets,
including automotive (ADAS/AV), smart cities, smart spaces and smart industrial applications. General Motors (NYSE:GM) has granted a series production award for Cepton’s lidar, the biggest such award to date in the automotive space. Cepton’s is the lidar component of GM’s Ultra Cruise autonomous driving platform. By leveraging its patented Micro Motion Technology (MMT®) lidar platform, the company develops reliable, scalable and cost-effective solutions that deliver
long-range, high-resolution 3D perception for smart applications.
Cepton was established in 2016 by co-founders Dr. Jun Pei and Dr. Mark McCord. The company is headquartered in San Jose, California, and serves a fast-growing customer base through an international presence spanning North America, Germany, Japan, India and China.
Micro Motion Technology (MMT®)
Cepton was built from the ground up to meet key lidar industry challenges for mass market adoption. This company’s portfolio of proprietary technology is uniquely aimed at facilitating this industry growth through a combination of
performance, reliability, affordability and design integration.
Key among its innovations is MMT®, a mirrorless, frictionless, rotation-free 3D imaging platform designed specifically for lidars. Its benefits for OEMs and system integrators include:
- Reliability – The durable design uses common, easily attainable materials.
- Versatility – The platform is capable of achieving near- to ultra-long range with a wide field of view.
- Efficiency – MMT® features a compact form factor, low power usage and inexpensive components.
- Scalability – Its simple design means that scale-up to high manufacturing volumes is easily attainable.
Because of their compact form factor, Cepton lidars are embeddable and ideally suited for advanced driver-assistance system (ADAS) integration, whether behind windshield, in headlamp or in fascia.
Investment Considerations
- Cepton Inc. provides highly competitive price-for-performance lidar solutions based on its proprietary Micro Motion Technology (MMT®).
- The company was awarded by General Motors the industry’s largest automotive OEM program, with an anticipated start of production set for 2023.
- Cepton has partnered with KOITO, the world’s premier Tier 1 auto lighting supplier, to accelerate product development and enable economies of scale.
- The company boasts a compelling financial profile supported by a capital efficient model leveraging Tier 1 and system integrator relationships, as well as contract manufacturing.
- Cepton is founder-led and guided by management team with a proven track record in advanced lidar and imaging technology.
Additional Resources
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RECENT COVERAGE
InvestorNewsBreaks - Cepton Inc. (NASDAQ: CPTN) Appoints Seasoned Lawyer as General Counsel
April 18, 2022 8:30 AM
Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance MMT(R) lidar solutions, announced the appointment of Paul Anawalt to the newly created position of general counsel, effective today. Anawalt joins Cepton from the Intel Corporation and is a seasoned lawyer with more than 25 years of business and technology law experience, serving as in-house and
outside counsel. He has advised public and private companies on strategy, technology transactions, IP, securities, mergers and acquisitions and other areas. “I am grateful for the opportunity to lead the legal organization of Cepton and excited to help strengthen Cepton’s business and develop our legal strategy to support our planned growth,” Anawalt said in the press release. “I look forward to being a part of Cepton’s journey in providing lidar-based solutions for
a range of markets.”
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