Hangzhou LuminWave Technology Co., Ltd. (LuminWave) announced that it has received an investment from the Shaanxi Photon Strong Chain Fund. This new round of financing marks another major strategic milestone for LuminWave, following the previous investment from BEHC, and sets the stage for the company’s next phase of growth. The funds will be primarily used for the R&D of next-generation FMCW LiDAR and 3D vision sensor products, scaling up mass production, and accelerating market expansion in key sectors, thereby solidifying a strong foundation for sustained development.
LuminWave is dedicated to applying cutting-edge silicon photonics technology to LiDAR and 3D sensing, enabling upgrades across autonomous driving, industrial automation, and embodied intelligent robotics. The company brings together a research team from world-leading institutions such as MIT. By integrating silicon photonic chip technology and FMCW ranging techniques, LuminWave is revolutionizing the LiDAR technology roadmap. Beyond traditional 3D perception, its solutions deliver 4D instantaneous velocity field sensing, offering significant competitive advantages in reliability, integration, cost control, and robustness of intelligent perception systems.
LuminWave’s self-developed LiDAR products have already been successfully deployed in mass-production L2+ pre-installation programs for leading domestic heavy-duty commercial trucks, as well as achieving volume deliveries to hundreds of automation and intelligent robotics companies. With this new funding, LuminWave will continue to seize dual opportunities in technology and market evolution, accelerating LiDAR product sales and expanding its market presence in autonomous driving, robotic lawn mowers, and embodied intelligent robots.
The Shaanxi Photon Strong Chain Fund noted that the rapid growth of autonomous driving, embodied intelligent robotics, spatial intelligence, and AI is driving unprecedented demand for smart sensors. In particular, LiDAR and 3D vision sensors—with their high precision, accurate mapping, and stable and reliable performance—have become indispensable in diverse scenarios such as autonomous vehicles, intelligent robots, drones, automation, and smart transportation. Bolstered by ever-advancing AI technologies, they are increasingly becoming the “eyes of robots.” Moreover, silicon photonic integration serves as a foundational platform technology enabling high-speed, low-cost optoelectronic sensors, with critical significance in photonic computing, optical communications, LiDAR, and sensing. Based on its precise insight into the vast market potential of LiDAR sensors and silicon photonics, and its high recognition of LuminWave’s unique value in this field, the Shaanxi Photon Strong Chain Fund firmly provides capital to fuel the company’s innovation. This round of financing will further strengthen synergy across the photonics industry chain and accelerate the commercialization and market adoption of LuminWave’s technological achievements.
Dr. Feng Ningning, Founder and CEO of LuminWave, commented: “This investment is a significant milestone in LuminWave’s growth. We are grateful for the strong trust and support from the Shaanxi Photon Strong Chain Fund and Xi’an CAS Holdings. The funding will allow us to focus even more on product delivery and iteration, deepen collaboration with industry chain partners, and jointly drive the large-scale application of high-performance, high-reliability LiDAR and solutions in intelligent driving and broader intelligent robotics.”
About LuminWave
Hangzhou LuminWave Technology Co., Ltd. is a world-leading silicon photonics technology company, specializing in providing FMCW LiDAR and 3D vision sensing products and solutions for smart driving, smart logistics, industrial automation, embodied intelligent robotics, and other fields.
About Shaanxi Photon Strong Chain Fund
The Shaanxi Photon Strong Chain Fund is jointly established by Xi’an CAS Holdings and multiple financial institutions, with a total scale of RMB 2 billion. It serves as a key pillar of the “Leap Action” strategy for synergistic development of the photonics industry chain. The fund aims to strategically invest in hard-tech enterprises, nurture industry leaders, promote an ecosystem of collaborative industrial development, and empower the construction of a hundred-billion-level photonics industry cluster.
