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A Beachhead Market for Cepton: Every OEM Sees LiDAR as Necessity for Safer Driving

  • Cepton Technology is coming public this month via a merger with SPAC Growth Capital Acquisition Corp.
  • Cepton is a leader in lidar technology, working with all the top automotive OEMs and signing the largest lidar contract to date where its MMT will be used in General Motors’ Ultra Cruise ADAS
  • Cepton recently hosted a Virtual Investor Day where the management team provided comprehensive insight into the past and future as it targets $1.22 billion in revenue is 2026 

Occasionally, an industry emerges that fundamentally changes the game. In the automobile industry, the future is autonomous driving, starting with Advanced Driver Assistance Systems (“ADAS”) before it evolves into full-on driverless technology. According to Dr. Jun Pei, CEO of Cepton Technology, the future of autonomous will include a combination of lidar (light detection and ranging), camera, and microwave technologies working seamlessly to keep passengers safe in vehicles. In the words of Dr. Pei during a recent Virtual Investor Day, don’t think Cepton is “just another lidar story;” Cepton is writing lidar’s history, including winning the largest ADAS lidar contract to date.

Cepton is coming public through a merger with special purpose acquisition company Growth Capital Acquisition (NASDAQ: GCAC), with a shareholder vote on the merger scheduled for…

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NOTE TO INVESTORS: The latest news and updates relating to GCAC are available in the company’s newsroom at https://ibn.fm/GCAC

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