Hesai filing discloses April 2025 CNY100M investment in Sharpa
Hesai disclosed that it invested approximately CNY100 million, or US$13.9 million, for about 10% of Sharpa in April 2025; the filing did not provide the exact transaction day.
Evidence notes
- Hesai made the investment indirectly through a partnership and recorded it as an equity security without a readily determinable fair value.
- Hesai sold its entire Sharpa stake to two independent third-party investors in August 2025 for RMB275.6 million, or US$38.4 million.
- A separate May 2025 agreement transferred RMB37 million of Hesai-developed know-how to Sharpa, with completion in August 2025.
Company context
Founded by leadership from Hesai Technology, with operations across Singapore (R&D), Shanghai (manufacturing), and Mountain View (business). Focuses on embodied AI systems combining dexterous manipulation hardware with model-driven control. Develops both robotic platforms and in-house AI models for long-horizon task execution.