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Cepton Profile picture
Cepton
@ceptontech
Safe and Autonomous Transportation for Everyone
Oct 27, 2022 • 4 tweets • 3 min read
$CPTN Shaping mobility together. Cepton has entered into a binding agreement with our long-term automotive Tier 1 partner and current shareholder, Koito, for a $100 million investment: cepton.com/announcements/…

#lidar #smartmobility #Investment #ADAS #autonomousvehicles Image Under the terms of the agreement, Koito will purchase $100 million of convertible preferred stock at an initial conversion price representing a 13.4% premium to Cepton’s closing price yesterday and a 7.0% premium to Cepton’s average closing price over the last five trading days.
Apr 1, 2021 • 39 tweets • 13 min read
1. THREAD: Advanced driver assistance systems (#ADAS) based on cameras + radars ("Level 2" or L2 ADAS) are not and won’t ever be “full self-driving”. Using examples in this thread, we’ll illustrate why. 2. This thread was prompted in part by a recent @jalopnik article on Tesla users’ concerns over viability of “FSD” (“full self-driving”)

jalopnik.com/tesla-owners-t…