SOS Lab, a LiDAR technology specialist, has successfully attracted approximately 43 billion won in investment and will begin full-scale expansion of its fabless business based on high-performance optical sensors SPAD (Single Photon Avalanche Diode) and mass production of LiDAR products for robots.
SOS Lab announced on the 1st through the Financial Supervisory Service's electronic disclosure system that it has decided to issue its first round of unsecured, bearer-type private convertible bonds (CB). The total issuance size is 43 billion won, with the coupon rate and maturity rate both set at 0%. The conversion price is 10,857 won per share.
The company plans to use the funds raised this time as operating capital for its SPAD fabless business and to expand LiDAR mass production. SPADs are high-sensitivity optical sensors capable of detecting single photons and are a key component in LiDAR systems. Accounting for approximately 40% of the total LiDAR cost, internalizing the technology is expected to secure price competitiveness and enable vertical integration.
SPAD sensors are used not only in autonomous driving lidar, but also in drones, 3D scanning for mobile devices, augmented reality (AR) and virtual reality (VR) devices, medical imaging equipment (PET scanners), and optical communications. SOS Lab plans to apply its self-developed SPAD to its lidar product line to strengthen its competitiveness in high-demand high-performance sensor markets, such as autonomous vehicles and industrial robots.
This SPAD project will be implemented as a fabless business model, based on collaborations with global IT companies and domestic semiconductor design firms. The fabless model focuses on design and development, with manufacturing conducted through collaborations with external, specialized foundries.
SOS Lab has already developed various products, including fixed-type 3D lidar, and plans to use this investment to increase technological independence in the lidar receiver sector and advance its mass production system.
A company official stated, “By internalizing SPAD-based technology, we have not only achieved price competitiveness but also accelerated the domestic production of core components,” adding, “This investment attraction is a reflection of the market’s trust in our technological prowess and business model.”
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