# Lunewave

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lunewave

- Industry: Electronics
- Headquarters: Tucson, US
- Website: www.lunewave.com
- Total disclosed funding: $12M
- Latest round: Series A (Nov 23, 2020)
- Investors on record: 7

## About

Lunewave Inc. develops advanced antenna and sensor technology, focusing on automotive, telecommunications, robotics, and drone applications, enhancing detection capabilities for various industries.Founded in 2017 in Tucson, US, Lunewave Inc. specializes in radar sensor technologies. The company has raised a total of USD 7.00 mn in Series A funding, with the latest round occurring on November 23, 2020, led by FM Capital with participation from investors including Baidu Ventures and Blue 9 Capital. The founders, Hao Xin, John Xin, and Min Liang, have played significant roles in the company's development, with John Xin serving as the current CEO.Lunewave Inc. specializes in advanced antenna and sensor technology, primarily for automotive, telecommunications, robotics, and drone sectors. Their flagship product is the proprietary Luneburg lens radar technology, offering high-resolution detection suitable for Advanced Driver Assistance Systems (ADAS) and autonomous vehicles. Operating within the 76-81 GHz frequency band, Lunewave's automotive radar sensor system provides a comprehensive 360-degree field of view with a detection range exceeding 300 meters. The company also manufactures custom Luneburg lens antennas, tailored for diverse operational requirements in millimeter wave and microwave systems, serving industries such as satellite communications and 5G infrastructure. Their products are marketed globally, with significant partnerships in North America, Europe, and Asia, including recent integrations with NVIDIA DRIVE.Lunewave generates revenue through direct sales of its radar sensor systems and custom antenna solutions, primarily engaging in B2B partnerships. They participate in joint development projects with leading global original equipment manufacturers (OEMs), creating tailored solutions for automotive and mobility applications. Revenue also stems from licensing agreements and collaborations that leverage Lunewave’s proprietary technologies, with pricing reflecting the complexity and customization of their products. Their financial transactions typically involve long-term contracts with corporate clients, ensuring a steady revenue stream as they continue to innovate.Looking ahead, Lunewave aims to introduce new products designed to enhance their radar technologies, although specific release dates have not been disclosed. The company plans to expand its market presence into new regions, targeting further penetration in Europe and Asia by 2025. The recent Series A funding of USD 7.00 mn will be utilized to support these growth initiatives, focusing on product development and market expansion efforts.

## Funding rounds

- Series A, Nov 23, 2020, $7M — Blue 9 Capital, FM Capital, Baidu Ventures, Intact Ventures, Foothill Ventures, Proeza Ventures
- Seed, Sep 20, 2018, $5M — BMW i Ventures, FM Capital, Baidu Ventures

## Investors

- BMW i Ventures (https://capitalatlas.ai/funds/bmw-i-ventures) — Seed
- FM Capital (https://capitalatlas.ai/funds/fm-capital) — Seed, Series A
- Baidu Ventures (https://capitalatlas.ai/funds/baidu-ventures) — Seed, Series A
- Blue 9 Capital (https://capitalatlas.ai/funds/blue-9-capital) — Series A
- Intact Ventures (https://capitalatlas.ai/funds/intact-ventures) — Series A
- Foothill Ventures (https://capitalatlas.ai/funds/foothill-ventures) — Series A
- Proeza Ventures (https://capitalatlas.ai/funds/proeza-ventures) — Series A