Cepton Starts Trading on Nasdaq as It Commercializes Automotive Lidar Sensors

Cepton, which makes wide-angle, near-range sensors to help with proximity detection, rang the opening bell to celebrate its recent SPAC deal and listing.

Cepton Technologies

Cepton's Nova miniature lidar sensor costs less than $100 in automotive volumes and was recognized with a CES Innovation Award.
Cepton Technologies, which focused on lidar for ADAS systems and autonomous vehicles and will supply General Motors' Ultra Cruise program, celebrated its SPAC partnership and listing.

Cepton Technologies Inc., which started its listing on Nasdaq Capital Market on Feb. 11, yesterday held a ceremony to ring the opening bell at Nasdaq. The San Jose, Calif.-based company has developed lidar sensors for automotive, smart cities and spaces, and industrial applications.

“By ringing the Nasdaq bell today, we will not only open trading for the day, but also open a new era of innovation driven towards the goal of making lidar a mainstream automotive sensor technology,” said Dr. Jun Pei, CEO of Cepton. “I am thrilled to be joined by the physical and virtual presence of my talented colleagues and those who have supported us throughout all stages of Cepton’s growth.”

“I’m excited about our journey ahead as a public company, and we remain steadfast in our mission of bringing safe and autonomous transportation to everyone,” he added.

Founded in 2016, Cepton said it is aiming to balance performance, cost and reliability while enabling scalable and intelligent 3D perception systems across industries. The company's patented Micro Motion Technology (MMT) is designed advanced driver-assist systems (ADAS) and autonomous vehicles, among other uses.

Cepton marks milestone 

Cepton said its leadership includes industry veterans with decades of collective experience across a wide range of lidar and imaging technologies. Pei rang the opening bell alongside Dr. Mark McCord, co-founder and chief technology officer.

George Syllantavos and Akis Tsirigakis, co-CEOs from Cepton's special-purpose acquisition company (SPAC) partner Growth Capital Acquisition Corp., also participated. They were joined by Cepton team members and representatives from strategic partners, investors, and advisors.

Cepton said it is focused on mass-market commercialization of high-performance lidar products. It has a center of excellence in Troy, Mich., to provide local support to OEMs and Tier 1 automotive suppliers in the Detroit area.

The company also has a presence in Germany, Canada, Japan, India, and China to serve a fast-growing global customer base. The Nova lidar system was recognized as a CES 2022 Innovation Awards Honoree last month.

Cepton claimed that it has been awarded the largest known ADAS lidar series production award in the industry to date, based on the number of vehicle models awarded, to support General Motors’ Ultra Cruise program. Cepton is also engaged with all other Top 10 global OEMs.

Cepton's CEO, CTO and co-founders, Dr. Jun Pei and Dr. Mark McCord, set out to make vehicles safer and designed Cepton's Micro Motion Technology.

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Cepton Technologies

Cepton's Nova miniature lidar sensor costs less than $100 in automotive volumes and was recognized with a CES Innovation Award.

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