Kumulus Partners acted as financial adviser of XenomatiX and its shareholders in its financing round to accelerate the industrialisation of price competitive lidar modules and prepare the company for mass production.
XenomatiX is the first company to offer true solid state lidar solutions for advanced driver assistance systems (ADAS), autonomous driving (AD) and road digitization. XenomatiX designs and builds products and software that enable precise real-time 4D-6D digitization and an understanding of a vehicle’s surroundings, empowering applications that lead to safer and more comfortable vehicles.
XenomatiX provides customized series production lidar modules, called X-Module for ADAS and AD. 6D Road Scanning offers road survey equipment, services, and road quality analysis tools. The company’s true solid state lidar provide unequalled object detection and tracking, free space detection, road profile measurement and localization capabilities, based on reliable mature technology components. XenomatiX’ partnership with Tier 1 suppliers and automotive companies include, amongst others Marelli, AGC, Siemens,Imec, Septentrio, Cosworth, TOYO, JAT and Shanghai ZK.
Kumulus Partners assisted management in drafting marketing documents, led a comprehensive market sound out, organized and orchestrated the due diligence phase and assisted in the preparation and finalization of all legal documentation leading to the successful closing of the transaction within a short timeframe.
