- Cepton completed a merger with SPAC Growth Capital Acquisition Corp. and began trading on the NASDAQ Capital Markets on February 10, 2022
- Cepton is a maker of next generation lidar technology that has significant advantages over competition
- The company’s MMT(R) technology has been validated by Tier 1 automotive OEMs and earned the company the lidar industry’s biggest contract to date where GM will use Cepton products in its cars equipped with its new Ultra Cruise ADAS
Apart from Tesla, companies are aligning with lidar companies to improve safety in advanced driving technology and position for the seemingly inevitable age of fully autonomous driving. German auto maker Mercedes-Benz has teamed up with Luminar to use its sensors recently, following what to date has been the largest contract in the lidar space when General Motors decided to use the lidar products of Cepton (NASDAQ: CPTN), a company now public through a merger with special purpose acquisition company (aka “SPAC”) Growth Capital Acquisition Corp.
The business combination was completed on Thursday, the company has been renamed to Cepton Inc. with the…
NOTE TO INVESTORS: The latest news and updates relating to CPTN are available in the company’s newsroom at https://ibn.fm/CPTN
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