MicroVision Boosts Financial Position with $75M Financing

MEMS-based solid state lidar developer MicroVision has secured $75 million in financing as the company prepares to ramp production of its MOVIA L 3D industrial lidar sensor. According to MicroVision CEO Sumit Sharma, the company is working to secure additional revenue opportunities for 2025 and beyond with its integrated lidar and hardware solution by advancing potential partnerships with leading industrial customers in the heavy equipment segment.

The convertible debt facility secured with High Trail Capital provides MicroVision with greater flexibility and extends the company’s runway through 2026, said CFO Anubhav Verma. According to Verma, the company is well-positioned to capitalize on opportunities in the U.S. and European lidar markets.

MicroVision is actively engaged with global automotive OEMs in seven high-volume requests for quotes and custom development explorations for future passenger vehicle programs, Sharma said.